Tag: Prof. Peter Quartey
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Use Mid-Year budget review to reduce E-Levy rate – Prof. Quartey
Ahead of the presentation of the 2022 mid-year budget review, the Institute of Statistical, Social and Economic Research (ISSER), is calling for a reduction in the current charge rate of the Electronic Transfer Levy (E-Levy). The presentation of the Mid-Year budget review by the Minister of Finance Ken Ofori-Atta, which is expected to come off…
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IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey
Ahead of the commencement of in-person meetings between the Government of Ghana and the delegation from the International Monetary Fund on Wednesday 6th July 2022, the Director of the Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey believes the Fund will reject any program that will see…
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BoG must enforce regulations on informal forex trading – Prof. Quartey
Economics Professor and the Director of the Institute of Statistical, Social and Economic Research, Prof. Peter Quartey has bemoaned the seeming lack of action against persons engaged in the illegal trade of foreign exchange, especially the US Dollar, in different parts of the country. According to him, the informal foreign exchange market is contributing to…
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1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey
Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey is concerned that the 1.5% rate of the Electronic transfer levy (E-Levy) will prevent government from achieving the GHC 6.9 billion target set for the levy. President, Nana Akufo-Addo, signed into law the E-levy Bill, two days…
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Too much anxiety negatively impacting Cedi performance – Prof. Peter Quartey
Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has cautioned against heightened anxiety around the local currency. According to him, too much anxiety will lead to speculation about the currency which could fuel further depreciation. The Cedi has depreciated significantly against its major trading currencies…
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Increase support for Agric sector to curb inflation – Prof. Quartey to Gov’t
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has urged the government to consider identifying and supporting large scale farmers around the country, who would, in turn, support smaller farmers around them as a way to ensure sustained growth of Ghana’s…
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Gov’t urged to introduce policies to cushion Ghanaians as fares go up on Feb. 26
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey says stakeholders should expect the upcoming 15% increase in transport fares as announced by the Road Transport Operators, to increase national inflation in the coming months. The new fares, which are expected to…
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Be circumspect in your debt accumulation in 2022 – Prof. Quartey to gov’t
The government has been urged to be circumspect when it comes to borrowing this year, 2022. This is according to the Director of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey. A close look at the Summary of Macroeconomic and Financial Data from the Bank of…
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2022 budget: Replace ‘nuisance’ taxes with productive levies – Prof. Quartey
Ahead of the presentation of the 2022 budget, the Director of the Institute of Statistical Social and Economic Research (ISSER), Professor Peter Quartey, is calling for the scrapping of some nuisance taxes introduced in the previous budget. Professor Peter Quartey believes some of the taxes introduced did not live up to expectations with respect to…
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2022 budget: Prof. Quartey calls for measures to boost Ghana’s growth rate
The Finance Minister, Ken Ofori-Atta is expected to present the budget statement for the 2022 fiscal year in Parliament on November 17, 2021. Ahead of this presentation, stakeholders are hopeful that issues such as Ghana’s debt sustainability, illicit financial flows, unemployment, reduction of the revenue and expenditure gap, and many others will be addressed. For…