The Yapei-Kusawgu MP, John Abdulai Jinapor says the Akufo-Addo-led administration’s revenue target is simply unattainable. The former Deputy Energy Minister based his comments on the inability of government to meet any of its revenue targets in the past four years. According to him, government’s projection of adding about ¢20 billion more to Ghana’s current tax

Government has been urged to slow down on excessive borrowing as a precaution to reduce the country’s debt to GDP ratio. According to the International Monetary Fund, Ghana’s debt to GDP ratio is higher than what was actually put out by the government. The nation’s debt to GDP ratio actually ended 2020 at 78% of

A new Afrobarometer report released by the Centre for Democratic Development (CDD) suggests that Ghanaians endorse taxation and are willing to pay higher taxes to support the country’s development. The report however stated that majority of Ghanaians find it difficult to know what taxes and fees they are supposed to pay and how the government

Last week, the latest Fiscal Monitor report from the International Monetary Fund, dated April 2021, generated headlines across Ghana for one reason – it put Ghana’s fiscal deficit for 2020 at 16.0 percent which is considerably higher than the 11.7 percent claimed by the Government of Ghana. Last week, the latest Fiscal Monitor report from

he members of the G20 have reached an agreement on a deal that would set a minimum tax rate for major companies, German Finance Minister Olaf Scholz said on Saturday. The comments came amid talks between the finance ministers from the world’s largest economies in Venice, Italy. While progress was made, a final agreement on

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.

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

Deputy Finance Minister-designate John Kumah has conceded that the Energy Sector Levy Act (ESLA) introduced by former Finance Minister Seth Terkper during the Mahama administration, has been helpful to the Akufo-Addo government in clearing a lot of energy sector-related debts. Now known as ESLA PLC, the company’s key objective is to resolve the energy sector

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

President of the World Bank Group (WBG), David Malpass, has described as problematic Ghana’s fast rising fiscal deficit. According to him, should Ghana’s fiscal deficit continue on an elevated path, the country would face access problems to market-based finance (capital market) as witnessed in other middle-income countries. “Many of them (middle-income countries) face access problems