Taxpayers must be up to date with compliance before asking for assistance. At the National Treasury press briefing on the economic support package required to deal with the negative economic impact of the “recent disturbances”, Finance Minister Tito Mboweni gave assurance that the fiscal path announced in the 2021 February budget will be maintained. Mboweni

The World Bank Group is looking to deepen regional integration on the African Continent with an updated Regional Integration and Cooperation Assistance Strategy (RICAS) for the continent. The updated RICAS will support greater regional connectivity in the areas of transport, energy and digital infrastructure. It will also promote trade and market integration through trade facilitation in regional economic

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

The deficit in Nigeria’s infrastructure has brought a heavy cost to the economy. For instance, congestion due to poor port and associated transport infrastructure has created losses of N3.5 trillion at Nigeria’s maritime logistic hubs, according to a March 2019 report by the research group, African Centre for Supply Chain (ACSC). These losses are set to

The African Development Bank (AfDB) has been charged by the Minister for Finance, Ken Ofori-Atta, to tackle risks brought about by the pandemic and currently facing the continent to facilitate the continent’s successful recovery from the pandemic. Making the assertion at the virtual 2021 Annual Meeting of the African Development Bank, Mr Ofori-Atta opined that

Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has charged the Board of the Bank of Ghana to ensure that there is a balance when it comes to government’s source of borrowing. A look at the Summary of Economic and Financial Data released in July by the

A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. Adding

Data from the Bank of Ghana has revealed that the top 10 non-traditional commodities exported during the second quarter of 2021 saw a 15 percent increase in value. According to the Bank of Ghana’s second quarterly bulletin, the change in the value amounts to US$316.53 million, compared to US$273.44 million recorded for the same period

Ghana may have no option than to return to the International Monetary Fund (IMF) for financial support if its debt continues to rise. The debt, which is presently a little above ¢335 billion, continues to surge and create problems for the economy. According to a Bloomberg survey, the country may have to pay a higher

Total government expenditure for 2021 is projected to reach some GHS 113.75 billion, equivalent to 26.2 per cent of Gross Domestic Product (GDP). The increment in public expenditure represents a growth of 13.7 per cent above the outturn of GHS 100 billion recorded in 2020. Meanwhile, total revenue and grants for 2021 is projected to