Traders Advocacy Group Ghana has commended the government for not introducing new taxes in the 2021 mid-year budget review. The government as part of efforts towards reviving the economy amidst the Covid-19- pandemic earlier in the year introduced some new taxes, including the Energy Sector Recovery Levy. In an interview with Citi Business News, General Secretary
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
Restructuring domestic debt is like surgery: You only do it if you must, and you avoid it if it might do more harm than good. With rising debt vulnerabilities and growing stocks of sovereign domestic debt in emerging and developing economies, the questions of when and how to restructure such debt are now more acute than ever.
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
Assets of all 23 banks currently operating in the country, according to the Bank of Ghana (BoG), totaled Ghs 152 billion as at end-February 2021. The recorded total assets value the BoG notes in its Banking Sector Development Report, represents a 18.5 percent year-on-year growth which is marginally higher than the annual growth of 17.8
South Africa has one of the highest unemployment rates in the world. This was true even before unemployment increased as a result of the global financial crisis in 2008. And before COVID-19. The country’s youth unemployment rate is even higher than the average. The (youth) employment tax incentive was supposed to help in addressing the problem. The
Cryptocurrencies have been tipped to revolutionalize remittances to developing countries as they promise lower service fees than cash transfers. Experts at Trust Payments hold that apart from lower fees, cryptocurrencies, as a means of money transfers across borders, has other advantages over cash. The advantages include the fact that cryptocurrencies are decentralize money, provide better
Government fiscal deficit to Gross Domestic Product (GDP) at the end of July 2021 was estimated at 6.1%, higher than the budgeted target of about 4.5%. This is compared with 7.4% of GDP during the same period last year. According the Bank of Ghana’s Summary of Economic and Financial Data, Total Revenue and Grants in
With inflationary pressures intensifying and Omicron generating new uncertainties, monetary policymakers are facing new and challenging tradeoffs. The resurgence of the pandemic and the latest variant, Omicron, have sharply increased uncertainty around global economic prospects. This comes as several countries grapple with inflation well above their monetary policy targets. It is however evident that the
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.