Ranking Member of the Finance Committee in Parliament, Cassiel Ato Forson, has said the recorded fiscal deficit of 15.4 percent at end-2020 is a complete outlier when compared to other countries in the sub-saharan region. Making the assertion at a policy dialogue forum on Ghana’s economy held by the Minority in Parliament on Monday, July 26, the former Deputy

Woodfields Energy Resources Limited, an indigenous Ghanaian petroleum company, has refuted claims of its indebtedness to the Tema Oil Refinery (TOR) to the tune of five million dollars. According to the company, they have honoured all their payment obligations for processing fees to TOR and is not indebted to the refinery for any processing fee

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.

Total liabilities recorded by the Central Bank for the year ended 2020, amounted to Ghs 115 billion. As contained in the Quarterly Statistical Bulletin released by the Bank and perused by norvanreports, the Central Bank’s liabilities on a year-on-year basis increased by some Ghs 35.6 billion, as liabilities recorded by the Central Bank at end-December 2019, stood

The Minister designate for Finance, Mr Ken Ofori-Atta, has said no wrong was committed in the Agyapa Royalties Transaction. He said the then Special Prosecutor, Mr Martin Amidu, did “a disservice” to Ghana’s democracy by releasing his Corruption Risk Assessment on the Agyapa Transaction without a response from the Ministry of Finance. Responding to questions

Tax expert and former Minister for Finance, Seth Terkper, has shared his thoughts on some findings made by Pan-African and nonpartisan survey research network, Afrobarometer, in its latest survey on the willingness of Ghanaians to pay taxes to government. According to Afrobarometer in its latest survey, it observed that about 72 percent of Ghanaians are willing

Efforts to close loopholes exploited by multinational corporations (MNCs) to reduce their tax bills came to a head on June 4-5. At a meeting in London, G7 finance ministers agreed to commit to a global minimum tax of at least 15% on a country-by-country basis. Efforts to close loopholes exploited by multinational corporations (MNCs) to reduce

In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and development to ensure economic stability. Speaking at the opening of the 59th ECOWAS Heads of State and Authority summit in

The Ghana Grid Company (GRIDCo) says Ghanaians will have to deal with the intermittent supply of power until September this year when it will complete its system upgrade. GRIDCo had earlier indicated that it was working on a system upgrade to improve service delivery and had announced that it will come with some intermittent power

Many countries are experiencing a combination of high public debt and low interest rates. This was already the case in advanced economies even prior to the pandemic but has become even starker in its aftermath. A growing number of emerging market and developing economies are likewise enjoying a period of negative real rates—the interest rate minus