Ahead of the presentation of the 2021 mid-year budget review today, Thursday, July 29, 2021, Energy Consultant, Dr. Yussif Sulemana, says he expects the government to review some taxes introduced in the petroleum sector. He argues that as oil prices on the global market continue to surge, the government stands to make up for any

Nigeria received a sum of $2.78 billion as foreign inflows in the first half of 2021, representing a 61.1% decline compared to the $7.15 billion received in the corresponding period of 2020. This is contained in the capital importation report, recently released by the National Bureau of Statistics (NBS) for Q1 and Q2 2021. According to the report, foreign direct investments stood

Ghana is set to commence the piloting of its electronic currency by September this year. This was disclosed by the First Deputy Governor of the Bank of Ghana, Maxwell Opoku-Afari. According to him, the introduction of the Central Bank’s Digital Currency (CBDC) is crucial as the pandemic has quickened the drive towards a cash-lite economy

Ranking Member of the Finance Committee in Parliament, Cassiel Ato Forson, has said the recorded fiscal deficit of 15.4 percent at end-2020 is a complete outlier when compared to other countries in the sub-saharan region. Making the assertion at a policy dialogue forum on Ghana’s economy held by the Minority in Parliament on Monday, July 26, the former Deputy

India, Nigeria’s largest destination for oil exports, has suffered a drop in oil imports by 7% to 3.9 million barrels per day (BPD), paving the way for lower government revenues for the next couple of months. This is because the country represents 16.79% of Nigeria’s total revenue generated from exports in the first quarter of

he members of the G20 have reached an agreement on a deal that would set a minimum tax rate for major companies, German Finance Minister Olaf Scholz said on Saturday. The comments came amid talks between the finance ministers from the world’s largest economies in Venice, Italy. While progress was made, a final agreement on

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), made the following statement today regarding the Executive Board’s decision supporting the general allocation of Special Drawing Rights (SDRs): “The IMF Executive Board yesterday concurred in my proposal for a new general SDR allocation equivalent to US$650 billion – the largest allocation in the IMF’s

Kenya could register a small primary surplus in 2023-2024, the first in two decades, buoyed by an economic recovery after the coronavirus pandemic, according to the World Bank. The primary deficit, which excludes interest payments, could come in at 4.6% of gross domestic product in the fiscal year through June, and swing to a 0.3%