Government has witnessed a significant increase in revenue generated from the country’s downstream petroleum sector due to the improved monitoring of in-flows and out-flows at the various oil marketing company depots nationwide. Within a period of ten months, the monitoring service being provided by a private revenue assurance firm; Strategic Mobilization Ghana Limited, SML, raked
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
Ranking Member of the Finance Committee in Parliament, Cassiel Ato Forson, has said the recorded fiscal deficit of 15.4 percent at end-2020 is a complete outlier when compared to other countries in the sub-saharan region. Making the assertion at a policy dialogue forum on Ghana’s economy held by the Minority in Parliament on Monday, July 26, the former Deputy
The new kids on the oil block—Guyana, Suriname, and Ghana—have no plans to let their newly discovered oil wealth go to waste by joining global decarbonization efforts. They plan to exploit them as best as they can before they become worthless, Reuters has reported, citing statements by government officials made at this week’s Offshore Technology Conference in Houston.
Erstwhile Minister for Finance, Seth Terkper, has called for the introduction of sunset clause(s) in corrective temporary taxes introduced by government in times of crisis. Mr Terkper, a tax expert, touching on the introduction of taxes by governments as an austerity measure during times of economic crisis, opined that such corrective taxes having served their
58 Replies As of today, the five year constant maturity Treasury yield has stabilized for the last month at about 0.9%. The inflation breakeven implied by the spread between Treasurys and TIPS has plateaued at 2.52%. After accounting for the estimated term premium and liquidity premium, the implied inflation rate is 1.90% . Figure 1. Five year inflation
Growth through innovation/creativity. Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
Former Finance Minister, Seth Tekper says the present government does not have any excuse in failing to manage the Ghanaian economy well because it has better resources than the previous NDC administration did. According to Mr. Terkper, the Akufo-Addo administration is enjoying three oil fields, compared to one in the previous administration, whilst global oil
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
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