The Nigerian economy is facing a massive foreign exchange crisis and the rate of depreciation of the naira has sparked serious concern among citizens. Since the Central Bank of Nigeria (CBN) banned sales of foreign exchange to Bureau de Change (BDC) operators, we have seen the parallel market exchange rate depreciate from N505/$1 to N570/$1

Government has better resources; it has no excuse in running economy – Tekper Former Finance Minister, Seth Tekper says the present government does not have any excuse in managing the Ghanaian economy well because it presently has better resources than the previous NDC administration in which he was in charge of government’s finances. According to

Tekper dismisses 10.8% fiscal deficit at end-2016; says economy now not better than it was in 2016 Former Finance Minister, Seth Tekper, has dismissed assertions that the fiscal deficit to Gross Domestic Product (GDP) stood at 10.8% in 2016, saying, the past administration actually left a budget deficit of 6.1% or 4.7%, depending on the

Ghana’s economy to continue strong growth despite lurking risks – BoG Governor tells investors Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said Ghana’s economy will continue to show strong growth despite risks posed by the Covid pandemic and its ability to derail the economic progress made so far by the country. Speaking to investors at

The newly constituted board of GOIL Company Limited (GOIL) has said it will prioritise growing the firm’s profit by strengthening proper systems, efficiency while reducing waste. GOIL’s profit after tax in 2020 dropped to GH¢90.03 million down by 14.5 percent compared to the previous year’s GH¢105.5million. But the new board, chaired by Reginald Daniel Laryea,

…as Telecos paid GH¢3.6bn tax in 2020 Total taxes borne, collected and other remittances made to government and allied agencies resulted in total payment of 3.6billion cedis. This contribution forms approximately 8.5% of Ghana’s 2020 tax revenue (Ministry of Finance, 2020 budget statement). This was revealed at the 18th Knowledge Forum organized by Ghana Chamber

Data from the Ghana Revenue Authority (GRA) has shown that revenue generated from personal income tax has continuously seen a decline for the past five years – a situation that tax experts and authorities said can be partly blamed on the evasion of taxes by some professionals whose income are not captured in the tax

Former Finance Minister, Seth Tekper, has dismissed assertions that the fiscal deficit to Gross Domestic Product (GDP) stood at 10.8% in 2016, insisting the Mahama administration actually left a budget deficit of 6.1% or 4.7%, depending on the accounting method used. According to Mr. Terkper, the Mahama administration did not leave very high levels of