Parliament, throughAct 1068 passed into existence the 1% Covid Health Recovery Levy on all goods and services consumed in the country. The 1% Covid Health Recovery Levy according to government is to help raise revenue to support Covid-19 related expenditure and also help improve the country’s current fiscal situation. The introduction and subsequent passage of the

Government missed its target of Ghs 673 million for the 91-day and 181-day treasury bills auctioned on Friday, April 30, 2021. This would be the fourth consecutive week government has missed its targets for treasury bills auctions. Auctioning results published by the Bank of Ghana, indicate that government mobilized Ghs 573.22 million for both the

Social Entrepreneur, Vincent Dzokoto wants the suspension of exploration and production contracts on the Keta Delta Block. According to him, there hasn’t been a sustained effort to forge cooperation between the communities within the Keta constituency and the government about plans to advance the exploration of oil. Swiss African Oil Company and PET Volta Investments

Erstwhile Minister for Finance, Seth Terkper, has called for the introduction of sunset clause(s) in corrective temporary taxes introduced by government in times of crisis. Mr Terkper, a tax expert, touching on the introduction of taxes by governments as an austerity measure during times of economic crisis, opined that such corrective taxes having served their

The International Monetary Fund (IMF), will be be making available to Ghana, an additional $1 billion Rapid Credit Facility (RCF) funds to continue its fight against the Covid-19 pandemic when a formal request made by its Managing Director, Kristalina Georgieva, is granted by the institution’s Board of Governors. Ms Kristalina Georgieva, last week appealed to

American credit rating agency, Fitch Ratings, has projected Ghana’s interest payments on debts to increase to 53 percent of total revenue this year. Interest payments Fitch however notes, will fall by 3 percentage points reaching 50 percent of total revenue in 2022. The projected interest payments for 2021 when compared to 2019’s interest payments of

The teams focused their efforts on a few of the highest-value S&OP levers in order to review the current planning process, identify gaps in the planning infrastructure and analytically understand demand and supply variability.

Former Minister for Finance, Seth Terkper, has said, policy distortions to the country’s second-biggest tax handle – the Value Added Tax (VAT) – is impeding its ability to generate the needed revenue for government. Making the assertion at the second edition of the PFM Tax Africa Network Dialogue Series, the former Minister for Finance noted

The government says it is not under pressure to refinance the country’s maiden bond issued in 2007 “at any price”, hence the decision to pause in pricing a new 2016 Eurobond until market conditions improve. Speaking to the Daily Graphic about developments concerning the ongoing programme to refinance the balance of all or part of

In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and development to ensure economic stability. Speaking at the opening of the 59th ECOWAS Heads of State and Authority summit in