The Debt Service Suspension Initiative (DSSI) instituted by the Group of Twenty (G20) has been further extended to the end of 2021. The extension of the DSSI initiative was agreed on by the G20, the International Monetary Fund (IMF) and the World Bank at the ongoing IMF/World Bank 2021 Spring Meetings. Welcoming the extension, President
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.
Supported by a robust sales force and tight cost controls, Pharm Ltd. experienced sustained double-digit growth over a number of years, only to find that their supply chain struggled to keep pace.
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 2021 African Development Bank Group Annual Meetings, held virtually starting on Wednesday, opened with discussions on African debt management. The pandemic has created huge financing needs for governments, widened budget deficits and driven governments into debt. On Wednesday, the African Development Bank hosted panel discussions on the issue. One knowledge event was titled “From
With concerns over the rising public debt stock bringing the nation’s poor and porous revenue mobilisation mechanisms under increased scrutiny, calls have intensified for a review and reform of the existing tax regime – particularly policy provisions for tax exemption. One such reform – the introduction of a publicly accessible tax exemption repository, has received
The World Bank is expressing worry that Ghana’s economy has begun to deindustrialize prematurely, according to its latest Ghana Economic Outlook Report. Traditionally, manufacturing is a marker of industrialization, but economic indicators show that the country’s economy may have begun to de-industrialize prematurely. “There are indications that Ghana has begun to deindustrialize prematurely. Traditionally, manufacturing
Taxpayers must be up to date with compliance before asking for assistance. At the National Treasury press briefing on the economic support package required to deal with the negative economic impact of the “recent disturbances”, Finance Minister Tito Mboweni gave assurance that the fiscal path announced in the 2021 February budget will be maintained. Mboweni
Tekper dismisses 10.8% fiscal deficit at end-2016; says economy now not better than it was in 2016 Former Finance Minister, Seth Tekper, has dismissed assertions that the fiscal deficit to Gross Domestic Product (GDP) stood at 10.8% in 2016, saying, the past administration actually left a budget deficit of 6.1% or 4.7%, depending on the
…as Telecos paid GH¢3.6bn tax in 2020 Total taxes borne, collected and other remittances made to government and allied agencies resulted in total payment of 3.6billion cedis. This contribution forms approximately 8.5% of Ghana’s 2020 tax revenue (Ministry of Finance, 2020 budget statement). This was revealed at the 18th Knowledge Forum organized by Ghana Chamber