Assets of all 23 banks currently operating in the country, according to the Bank of Ghana (BoG), totaled Ghs 152 billion as at end-February 2021. The recorded total assets value the BoG notes in its Banking Sector Development Report, represents a 18.5 percent year-on-year growth which is marginally higher than the annual growth of 17.8

Tax expert and lecturer at the University of Professional Studies Accra (UPSA), John Amoh, has described as retrogressive, the Value Added Tax (VAT). According to the tax expert, VAT is retrogressive in the sense that it impacts low-income earners and the poor the most, due to the fact low-income earners and the poor spend a

In 2020 the Nigerian economy shrank by 1.8%, its deepest decline since 1983. The COVID-19 crisis drove the economic slowdown; the external context was marked by capital outflows, intensified risk aversion, low oil prices and shrinking foreign remittances. Published by the World Bank, the Nigeria Development Update Resilience through Reforms states that reforms implemented by the Nigerian government

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.

The first full sovereign credit rating of Ghana for 2021 was delivered last week, and it left rating sentiment unchanged from last year. This came from global credit rating firm Moody’s Investor Services rating the country’s sovereign bond issuance at B3 negative, exactly the same as last year when the firm downgraded Ghana from B3 stable

Ghana’s planned Eurobond sale will be a key test of appetite for African issuers after a raft of nations sought debt relief, shaking investor confidence. Ghana’s planned Eurobond sale will be a key test of appetite for African issuers after a raft of nations sought debt relief, shaking investor confidence. “Strong demand for Ghana would

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

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

President of the World Bank Group, David Malpass, is advocating for interest rate deductions on loans made to poor countries by both private and sovereign creditors. According to him, interest rates of 6 or 7 percent on official bilateral debt of poor countries is simply to high and cannot be justified when compared to that

Nigeria’s inflation rate dropped further for the second consecutive month to stand at 17.93% in May 2021 from 18.12% recorded in April 2021. This is contained in the Consumer Price Index report, recently released by the National Bureau of Statistics (NBS). According to the report, the consumer price index, (CPI) which measures the inflation rate increased