In particular, the initial state of the company’s sales and operations planning capabilities limited their ability to account for demand variability or raw material lead times in production and distribution. Improve sales and operations and production planning.
President of the World Bank Group (WBG), David Malpass, has described as problematic Ghana’s fast rising fiscal deficit. According to him, should Ghana’s fiscal deficit continue on an elevated path, the country would face access problems to market-based finance (capital market) as witnessed in other middle-income countries. “Many of them (middle-income countries) face access problems
The Minister designate for Finance, Mr Ken Ofori-Atta, has said no wrong was committed in the Agyapa Royalties Transaction. He said the then Special Prosecutor, Mr Martin Amidu, did “a disservice” to Ghana’s democracy by releasing his Corruption Risk Assessment on the Agyapa Transaction without a response from the Ministry of Finance. Responding to questions
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
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
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.
As the discussion around the International Monetary Fund’s (IMF) classification of Ghana as a low income developing country continues, the Head of the Institute for Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has called on the government to focus on building a resilient economy that will thrive after the COVID-19 pandemic is dealt
Ghana has lost its status as a Middle-Income Country (MIC). This follows the reclassification of the country as a Low-Income Country (LIC) by the International Monetary Fund (IMF) in its April 2021 Fiscal Monitor Report. According to the IMF, it no longer recognises Ghana as a MIC despite achieving the status in 2010. The downgrade
Cryptocurrencies have been tipped to revolutionalize remittances to developing countries as they promise lower service fees than cash transfers. Experts at Trust Payments hold that apart from lower fees, cryptocurrencies, as a means of money transfers across borders, has other advantages over cash. The advantages include the fact that cryptocurrencies are decentralize money, provide better
Effective April 1, 2021, the Ghana Revenue Authority (GRA) will convert all National Identification numbers into Tax Identification Numbers (TIN). This forms part of efforts to identify and rope in more eligible taxpayers, especially those in the informal sector and enable organizations to easily share important data with the Authority. President Nana Addo Dankwa Akufo-Addo