Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah, has accused the National Petroleum Authority (NPA) of unilaterally adding some Ghs 0.17 pesewas to the already Parliament approved Ghs 0.30 pesewas tax charge on fuel price as contained in the 2021 budget statement. In statement issued by the Chamber on Friday, April
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.
Erstwhile Minister for Finance, Seth Terkper, has noted that Ghana is likely to default on the servicing of its debts given its swelling debts and stagnant revenues. Ghana’s debt stock as a percentage of Gross Domestic Product (GDP) according to the International Monetary Fund (IMF) is expected to increase in the medium term. According to
Ghana, together with South Africa, Nigeria, the Democratic Republic of Congo, Zambia and Angola were the biggest recipients of the International Monetary Fund’s Special Drawing Rights in sub-Saharan Africa to aid their economic recovery after Covid-19, the 2021 Annual World Bank Report has revealed.The six countries claimed about half the amount of SDRs allocated to
The Ghana Stock Exchange which led the league of African stock exchanges as the best performing market in the first half of this year in dollar term, was beaten to the first position by the Lusaka Stock Exchange in the first nine months of this year. The impressive run by the Zambian kwacha against the
A Former Minister of Finance, Mr Seth Terkper, has bemoaned the increasing number of tax handles imposed on the citizens in recent times. He said the country needed to understand that it could not tax its way out of expenditure overruns that were leading to high deficits, borrowing and debts. He said while taxes were
The International Monetary Fund is responding to the policy challenges of a fast-changing global economy still reeling from the COVID-19 crisis: it is modernizing the way it provides its regular policy advice to member countries—a process known as surveillance. The regular health check of members’ economies, known as the Article IV consultations, will continue to cover
Says Morgan Fraud, the author of The Thinking Corporation, “Given that we are all capable of contributing new ideas, the question becomes how do you successfully generate, capture, process and implement ideas?” Becoming an organization capable of answering this question can benefit in a number of ways
Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset. What is this highly valuable asset? Its own people.
Total government expenditure for 2021 is projected to reach some GHS 113.75 billion, equivalent to 26.2 per cent of Gross Domestic Product (GDP). The increment in public expenditure represents a growth of 13.7 per cent above the outturn of GHS 100 billion recorded in 2020. Meanwhile, total revenue and grants for 2021 is projected to