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
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.
Effective April 1, 2021, the Ghana Revenue Authority (GRA) will convert all National Identification numbers into Tax Identification Numbers (TIN). This forms part of efforts to identify and rope in more eligible taxpayers, especially those in the informal sector and enable organizations to easily share important data with the Authority. President Nana Addo Dankwa Akufo-Addo
The implementation of some of the new tax policies introduced in the 2021 budget statement from 1st May is likely to contribute to fuel prices rising to GHS6 per litre in the near future. That’s according to the Chamber of Petroleum Consumers (COPEC). Of the new taxes that will be implemented from the beginning of next
Ahead of the presentation of the 2021 mid-year budget review today, Thursday, July 29, 2021, Energy Consultant, Dr. Yussif Sulemana, says he expects the government to review some taxes introduced in the petroleum sector. He argues that as oil prices on the global market continue to surge, the government stands to make up for any
The IMF Executive Board met today to conclude its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report. This was the eighth such Board meeting on this matter, as part of the Executive Board’s commitment to a thorough, objective, and timely review. In particular, the Executive Board had two extensive
Chief Executive Officer of Dalex Finance, Ken Thompson, has said that one of the reasons financial institutions shy away from giving loans to private sector is the lack of available information to verify borrower’s credit worthiness, hence, government should step up efforts in providing a strong database that will address this problem. He said government
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.
Global fiscal response to the Covid-19 pandemic in the last twelve (12) months according to the International Monetary Fund (IMF), has reached $16 trillion. In its April 2021 Fiscal Monitor, the Bretton Wood institution notes that prompt fiscal responses by world governments have strengthened health systems and provided emergency lifelines to households and businesses. Adding
Ghana witnessed a surge in Foreign Direct Investments (FDI) inflows recording an impressive $2.6billion worth of inbound investments for the year 2020. The Ghana Investment Promotion Centre in its Investment report for the 4th quarter of 2020 said the significant FDI recorded was against expectations following the Covid – 19 outbreak but touted government policies