Vice President of Imani Africa, Bright Simons has said it has become critical for more public sector borrowing in order to survive as a country. According to him, the country’s fiscal space is currently under enormous fiscal pressure, a situation he believes makes a strong case for the country to borrow in order to survive.
Growth through innovation/creativity. Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
The International Monetary Fund (IMF) said on Tuesday it had approved a $2.7 billion line of credit for Panama to address the coronavirus pandemic. The IMF’s executive board approved the two-year arrangement under its Precautionary and Liquidity Line (PLL) to serve as “insurance against extreme external shocks” that the pandemic’s economic fallout causes. In determining
Ghanaians might soon be paying more for electricity as the Electricity Company of Ghana (ECG) is proposing an increment in tariffs. The Company says it needs more funds to support its operational activities, hence the request. The Managing Director of the company, Kwame Agyeman-Budu at a public forum on Thursday, April 8, 2021, said while
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
Synopsis: South Africa’s recovery may well be on its way as the government finances showed a significant improvement in May due to rising tax revenue despite restricted economic activity SOUTH Africa’s recovery may well be on its way as the government finances showed a significant improvement in May due to rising tax revenue despite restricted
The Bank of Ghana (BoG) has released the list of regulated companies approved to operate as electronic money issuers and payment service providers for business transactions in the country. They include five dedicated electronic money issuers and 21 payment service providers. This follows the passage of the Payment Systems and Services Act, 2019 (Act 987)
Banks in the country going forward are expected to pay 5 per cent of gross profits to government. The new directive contained in the 2021 Budget Statement and presented to Parliament on March 12, by Minister for Parliamentary Affairs, Osei Kyei Mensa-Bonsu, is to help defray outstanding commitments – locked up funds – in the
The exchange rate between the naira the US dollar closed at N411.25/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated against the US dollar on Friday, having lost 55 kobo to close at N411.25/$1 compared to N410.7/$1 recorded on Thursday, 1st July 2021. The local currency fell at the official
The Ranking Member of Parliament’s Finance Committee, Dr. Ato Forson, has warned that the minority in parliament will not support the approval of the 2021 budget statement because the government has been “insensitive” and continues to misreport public debt figures. Contributing on the floor of the house during the debate on the budget, Dr. Forson stated