SERVICES
CONSULTANCY
We source consultancy and capacity-building services by putting in bids or tenders and also by submitting proposals for our range of PFM and tax activities.
Read moreCAPACITY BUILDING
Our expertise is in designing and delivering professional staff development programs for staff of macro-fiscal institutions, CSOs, and the private sector.
Read morePFM ACADEMY
An important element of our capacity-building approach is our PFM Academy which collaborates with other institutions to offer training to individuals and institutions.
Read moreREPRESENTATION
PFM Tax Africa works with public and private sector clients and partners to coordinate advice and assistance to private sector and to Government Business Entities (GBEs).
Read morePFM NEWS & OPINIONS
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Trade in Turmoil
Despite geopolitical tensions, meaningful cooperation on trade remains possible “Globalization is a fact of life. But I believe we have underestimated its fragility,” United Nations Secretary-General Kofi Annan told the World Economic Forum almost a quarter century ago. Today, the fragility of the liberal international trading system that has underpinned peace and prosperity since the
June 1, 2023 -
Ghana and the IMF have struck a deal, but hard choices lie ahead
In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed the first tranche of US$600 million. This is the second time in the past eight years that the country has approached the IMF. And it’s the 17th time since independence in 1957 – that’s roughly once every
May 31, 2023 -
2023 Mid-Year Budget: Terkper calls for bold fiscal reforms to revitalize private sector investment
In a resounding call to action, Seth Terkper, former Finance Minister of Ghana, has urged the government to capitalize on the upcoming mid-year budget to embark on ambitious fiscal reforms that will create an environment conducive to increased private sector investment. Terkper’s warning about the waning confidence among the business community, primarily due to high
May 30, 2023 -
Ghana and Kenya show why giant infrastructure projects alone cannot drive industrial development
The African Union’s flagship Agenda 2063 initiative prioritises large-scale infrastructure development and promises to “link the continent by rail, road, sea and air”. This is being undertaken in parallel with efforts to improve economic integration. In 2021, the 54 countries on the continent made history when they began trading within the African Continental Free Trade Area. It is the largest
May 29, 2023 -
MPC stays policy rate amid easing inflationary pressures
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has opted to keep the key monetary policy rate unchanged at 29.5 percent, citing rapid easing of underlying inflationary pressures and decreasing inflation expectations. This decision comes amid calls from the International Monetary Fund (IMF) for the central bank to maintain a tight monetary
May 28, 2023 -
Leverage IMF programme to achieve long-term growth – gov’t urged
A knowledge partner of the 7th CEO Summit, Deloitte Ghana, has urged government to leverage the International Monetary Fund programme to develop a long-term growth agenda for the country. This, it believes, is crucial in an effort to wean the economy off significant donor dependence in the medium- to long-term. “Use the IMF programme as
May 27, 2023 -
IMF deal: Gov’t to restructure internal audit to check spending
The government has initiated processes to restructure the Internal Audit Agency to effectively prevent financial irregularities in the public sector, Director-General of the Internal Audit Agency, Dr Eric Oduro Osae, has disclosed. The move is part of measures to ensure judicious utilisation of the International Monetary Fund’s (IMF) US$3billion three-year-extended-credit-facility for the country, he stated.
May 26, 2023 -
Successful implementation of debt restructuring not sufficient to regain market access – IMF to government
The International Monetary Fund has pointed out that a successful implementation of the Government of Ghana’s debt restructuring strategy is not by itself sufficient to regain market access. According to its Staff Report on Ghana, there is also a need to restore market confidence in the sustainability of Ghana’s economic policies, which requires significant fiscal
May 25, 2023