Kenya could register a small primary surplus in 2023-2024, the first in two decades, buoyed by an economic recovery after the coronavirus pandemic, according to the World Bank. The primary deficit, which excludes interest payments, could come in at 4.6% of gross domestic product in the fiscal year through June, and swing to a 0.3%
An energy expert and analyst says the Finance Ministry has contributed to the intermittent power outages the country is presently experiencing. Kojo Opoku told Evans Mensah on Joy FM’s Top Story Thursday that most often in the discourse of energy crisis, the Finance Ministry is barely introduced into the picture. According to him, “the Finance
Energy think tank, the Institute for Energy Security (IES), has averred that the ongoing impasse between ENI Ghana Exploration and Production Limited – subsidiary of Italian oil major ENI – and Springfield Exploration and Production Limited, could prove costly for Ghana if not settled and allowed to end up in the International Court of Arbitration.
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
Minister for Food and Agriculture, Dr Owusu Afriyie Akoto, has said the quality of Ghana’s cocoa is unmatched making China no competition in terms of cocoa exports to the international market. “Ghana’s cocoa in terms of quality is matchless to none globally, hence, the international market’s decision to pay up to 25 percent premium on
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
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
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
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.
First Deputy Governor of the Central Bank, Dr Maxwel Opoku-Afari, has proposed two short-term strategies to enable government reset Ghana’s economy following its disruption by the Covid-19 pandemic. According to the Deputy Governor, disruption in Ghana’s economy on the back of the Covid-19 pandemic, resulted in a slump in economic activity with GDP growth declining