The African Development Bank is set to launch a comprehensive five-year Strategy for Economic Governance in Africa (SEGA). This was disclosed by AfDB in a statement seen by Nairametrics. According to AfDB, the strategy will serve as the Bank’s operating manual for fostering public sector effectiveness at national and sub-national levels by stimulating structural transformation
The implementation of some of the new tax policies introduced in the 2021 budget statement from 1st May is likely to contribute to fuel prices rising to GHS6 per litre in the near future. That’s according to the Chamber of Petroleum Consumers (COPEC). Of the new taxes that will be implemented from the beginning of next
President of the World Bank Group, David Malpass, is advocating for interest rate deductions on loans made to poor countries by both private and sovereign creditors. According to him, interest rates of 6 or 7 percent on official bilateral debt of poor countries is simply to high and cannot be justified when compared to that
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.
The first full sovereign credit rating of Ghana for 2021 was delivered last week, and it left rating sentiment unchanged from last year. This came from global credit rating firm Moody’s Investor Services rating the country’s sovereign bond issuance at B3 negative, exactly the same as last year when the firm downgraded Ghana from B3 stable
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
Last week, the latest Fiscal Monitor report from the International Monetary Fund, dated April 2021, generated headlines across Ghana for one reason – it put Ghana’s fiscal deficit for 2020 at 16.0 percent which is considerably higher than the 11.7 percent claimed by the Government of Ghana. Last week, the latest Fiscal Monitor report from
Tax expert and lecturer at the University of Professional Studies Accra (UPSA), John Amoh, has described as retrogressive, the Value Added Tax (VAT). According to the tax expert, VAT is retrogressive in the sense that it impacts low-income earners and the poor the most, due to the fact low-income earners and the poor spend a
Parliament’s Minority Leader, Haruna Iddrisu, has taken issue with the practice whereby the Auditor General publishes his audit reports even before the Legislature gets the opportunity to scrutinise them. Though he acknowledges that the practice is backed by law, the Tamale South MP laments that the practice has dire implications on people’s reputation and dignity.
The collective debt of African countries according to the African Development Bank (AfDB), now stands at 70 per cent of the continent’s Gross Domestic Product (GDP). Speaking at the launch of the African Development Bank’s 2021 edition of its annual African Economic Outlook, President of the AfDB, Dr Akinwumi Adesina, called for a quick and