The International Monetary Fund (IMF), will be be making available to Ghana, an additional $1 billion Rapid Credit Facility (RCF) funds to continue its fight against the Covid-19 pandemic when a formal request made by its Managing Director, Kristalina Georgieva, is granted by the institution’s Board of Governors. Ms Kristalina Georgieva, last week appealed to

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

Ghana is set to commence the piloting of its electronic currency by September this year. This was disclosed by the First Deputy Governor of the Bank of Ghana, Maxwell Opoku-Afari. According to him, the introduction of the Central Bank’s Digital Currency (CBDC) is crucial as the pandemic has quickened the drive towards a cash-lite economy

Rising energy sector costs if not properly and decisively addressed, would add to and ultimately drive the country’s already unsustainable debt stock. This is according to the IMF’s May 2021 Article IV Consultation paper on Ghana’s economy. “Despite progress in rationalizing power generation, the financial viability of the energy sector affects people’s daily life and

Tax consultant and Senior Lecturer at the University of Ghana (UG), Dr Abdallah Ali-Nakyea, has decried the inconsistencies in government’s implementation of tax policies. According to him, inconsistencies in implementation of tax policies affect the overall revenue generation ability of tax handles. To drive home his point, Dr Ali-Nakyea made reference to the many amendments made

The International Monetary Fund (IMF) has said Ghana’s debt service relative to tax revenues is expected to continue on an elevated path increasing by 20 percent in the medium-term. According to the Bretton Wood institution in its April 2021 Fiscal Monitor Report, despite the country’s debt stabilizing over the medium term, its debt service payments

Multilateral institution, the International Monetary Fund (IMF) has projected Ghana’s total debt stock to hit 86.6 percent in 2025 According to the IMF, Ghana’s debt stock is expected to continue on an elevated path reaching 81.5 percent this year, 83.2 percent in 2022, and further to 84.8 percent, 86.0 percent and 86.6 percent in 2023,

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

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

Despite pandemic-induced supply chain challenges and construction delays, renewable capacity additions in 2020 expanded by more than 45% from 2019, and broke another record. An exceptional 90% rise in global wind capacity additions led the expansion. Also underpinning this record growth was the 23% expansion of new solar PV installations to almost 135 GW in 2020.