Tag: Prof. Peter Quartey
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Prof. Quartey calls for balanced approach in governments’ borrowing agenda
Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has charged the Board of the Bank of Ghana to ensure that there is a balance when it comes to government’s source of borrowing. A look at the Summary of Economic and Financial Data released in July by the…
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Banking clean-up: Government charged to retrieve locked-up cash from indicted persons
Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has charged government to pursue and retrieve all monies from persons found culpable of taking monies from banks, following the banking sector clean-up exercise. Governor of the Bank of Ghana, Dr. Ernest Addison disclosed back in May 2021 that…
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Prof. Quartey cautions against a return to ‘dark days of banking’ in Ghana
Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has cautioned against a return to the dark days of the banking industry in Ghana. According to him, the new board of the Bank of Ghana should among other things continuously assess the soundness of the industry to ensure…
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Prof. Quartey urges new BoG board to push for a reduction in loan default rates
Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has urged the new board of the Bank of Ghana to among other things strengthen the Central Bank’s enforcement and regulatory mechanisms. This follows the swearing-in of the board and a call by President Nana Akufo-Addo for the board…
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ISSER reiterates need for assessment of newly introduced taxes
The Institute for Statistical, Social and Economic Research (ISSER) has called for a critical assessment of the new taxes imposed on the country in the early part of this year. The government, as part of its revenue mobilization drive, introduced some levies and taxes in the 2021 budget, a move many criticized. The taxes include…
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Economists back calls by IMF for gov’t to prioritize progressive revenue mobilizations
Some economists have backed calls by the International Monetary Fund (IMF) for government to prioritize progressive revenue generation. According to them this will ensure that the rich in our society are made to pay taxes and levies which are commensurate with the value of their assets as well as their income. The International Monetary Fund…
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Economists back calls by IMF for reduction in Ghana’s rising debt
Some economists in have backed calls by the International Monetary Fund (IMF) for Ghana to take immediate steps to reduce the country’s debt and debt servicing burden. The International Monetary Fund Staff Mission to Ghana, in its concluding statement following a visit to the country from April 28 to May 12, 2021, for the 2021…
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Prof. Quartey backs BoG’s GH¢10bn financing for government’s 2020 budget
Economist, Prof. Peter Quartey, has backed the Bank of Ghana’s decision to support government’s budget to cushion the economy from the adverse impact of COVID-19. The central bank has indicated that it is supporting the Ghanaian economy with ten billion cedis to bridge the budget deficit caused by the global pandemic. The Governor of the…
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No need to rush ECO’s issuance; more engagements needed – Economist
Economist, Prof. Peter Quartey, says a further delay in the implementation of the ECO currency is prudent to allow for better and broader consultations among all stakeholders. His comment follows the assertion by the Governor of the Bank of Ghana; Dr. Ernest Addison, that the introduction of the currency may not happen this year due…
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Financial sector clean-up: Printing money to pay depositors a bad idea – Prof. Quartey
Economist, Prof. Peter Quartey, has shot down the proposal for government to consider the printing of more money to settle claims of depositors of collapsed financial institutions. He believes printing more money will have serious implications on the country’s budget deficit which is the difference between government’s revenue and expenditure. His comments follows Renowned Economist,…