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 office of the Auditor General has ordered the Social Security and National Insurance Trust, (SSNIT), to recompute some GHS9.2 million which stand as total penalty charges from nine agent banks for the year ended 2019. In a report by the acting Auditor General, Johnson Akuamoah Asiedu, on the public accounts of Ghana for the
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
The Ghana Grid Company (GRIDCo) says Ghanaians will have to deal with the intermittent supply of power until September this year when it will complete its system upgrade. GRIDCo had earlier indicated that it was working on a system upgrade to improve service delivery and had announced that it will come with some intermittent power
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.
Government is expecting to realize roughly US$886 million as petroleum revenue for 2021. This was announced by the caretaker Finance Minister and Minister of Parliamentary Affairs, Mr. Osei Kyei-Mensah-Bosnu during the 2021 budget presentation in Parliament on Friday, March 12, 2021. The amount is made up of royalties of US$201.0 million, Carried and Participating Interest
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
Public sector workers looking forward to a huge wage increment will not get it because the Finance Ministry says there is simply no money to meet such demands. And indeed this situation is likely to persist until 2024 as the Technical Adviser at the Ministry Dr Samuel Nii Noi Ashong called on the country to
Government continues to borrow aggressively on the domestic market to finance its budget, latest figures from the Bank of Ghana has revealed. Though there were more interest in the T-Bills, which could probably crowd out businesses and household consumers from getting access to loans, government also needs money to finance the budget. But interestingly, the
Tax expert with PFM Tax Africa, Seth Terkper, has opined that based on analysis and projections, government is very unlikely to attain its 16.7 percent tax revenue to Gross Domestic Product (GDP) target for this year. According to Mr Terkper, excluding the year 2015 when Ghana performed remarkably well in its tax revenue mobilisation achieving