Ghana, together with South Africa, Nigeria, the Democratic Republic of Congo, Zambia and Angola were the biggest recipients of the International Monetary Fund’s Special Drawing Rights in sub-Saharan Africa to aid their economic recovery after Covid-19, the 2021 Annual World Bank Report has revealed.The six countries claimed about half the amount of SDRs allocated 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
Developing targeted intervention to attract young people to become ‘creators’ rather than ‘seekers’ of jobs, Green Economy Ghana is on a job creation mission to help in the increment of the economic growth of the country. Its mission is to adopt new approaches to work that requires the workforce in acquiring new skills. Green Economy
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.
Government is expecting to realize roughly US$886 million as petroleum revenue for 2021. This was announced by the caretaker Finance Minister and Minister of Parliamentary Affairs, Mr. Osei Kyei-Mensah-Bosnu during the 2021 budget presentation in Parliament on Friday, March 12, 2021. The amount is made up of royalties of US$201.0 million, Carried and Participating Interest
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
Former Deputy and Substantive Finance Minister under the Mills-Mahama administration says he is happy to see the Nana Akufo-Addo administration begin to take some of the initiatives launched by his predecessors seriously. These apply particularly to petroleum-based funds under the PRMA and the role of ESLA in resolving the Banking Sector crisis. In an interview
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.
The global economy is making progress returning to its pre-pandemic growth trajectory, though supply challenges and quicker inflation continue to make for a bumpy recovery. In the U.S., rising prices are weighing on sentiment and risk restraining the pace of consumer spending growth. China’s economy is already showing a hit from the surging delta variant
Former Minister for Finance, Seth Terkper, has said revenue projections for Ghana over the medium term fall below the 17.8 percentage points total revenue of Gross Domestic Product (GDP) attained in 2015. According to Mr Terkper, total revenues as a percentage of GDP attained over the medium term will be in the region of 16