Former Finance Minister Seth Terkper has urged government to use part of the Special Drawing Rights (SDR) money from the International Monetary Fund (IMF) to pay off the zero-coupon sovereign bond it issued earlier on in the year, as waiting for it to mature will be more expensive to the state. The IMF last month

KEY POINTS The South African Reserve Bank said the economy was continuing to rebound from a 2020 recession that saw gross domestic product contract by 7%, its steepest decline for over a century. But it warned the outlook remains highly dependent on the pace of the vaccine rollout and possible resurgence of the virus, suggesting

With the wide-spread use of mobile phone devices, the introduction of Mobile Money (MOMO) in Ghana since 2009 has had quite a significant impact on the Ghanaian economy by reducing unemployment to some extent, developing the payment ecosystem, providing a means of savings for people without access to banks, timely completion of financial transactions, among others. More than a decade down

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

Government fiscal deficit to Gross Domestic Product (GDP) at the end of July 2021 was estimated at 6.1%, higher than the budgeted target of about 4.5%. This is compared with 7.4% of GDP during the same period last year. According the Bank of Ghana’s Summary of Economic and Financial Data, Total Revenue and Grants in

The Speaker of Parliament Alban Bagbin is on a collision course with President Akufo-Addo over his decision to slash budget estimates for the Judiciary and the Legislature. Alban Sumana Bagbin during the presentation of the 2021 budget statement last Friday directed the Interim Finance Minister Osei Kyei-Mensah-Bonsu and the Vice President Dr Mahamudu Bawumia, who

The Bank of Ghana (BoG) has auctioned its own bills or short-term securities worth Ghs 5 million. The short-term security with a maturity period of 56 days was auctioned by the Central Bank on Monday, May 24, 2021. Per the auction results released by the BoG, it is unclear the value of bids made by

“The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.” – Peter Drucker.Then where is Ghana headed with the staggering statistics of road accidents that keep going from bad to worse?According to the National Road Safety Authority (NRSA), there has been a 14.8% increase in

A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. Adding

Efforts to close loopholes exploited by multinational corporations (MNCs) to reduce their tax bills came to a head on June 4-5. At a meeting in London, G7 finance ministers agreed to commit to a global minimum tax of at least 15% on a country-by-country basis. Efforts to close loopholes exploited by multinational corporations (MNCs) to reduce