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.
PFM Tax Africa views the 2021 mid-year budget review by Finance Minister, Ken Ofori-Atta as inadequate, failing to satisfy the legal requirement and obligations under section 28 of the Public Financial Management Act 2016 (Act 961). We classify the minister’s presentation, not lightly, as virtual non-review. See below our news release on the minister’s presentation
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
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.
First Deputy Governor of the Central Bank, Dr Maxwel Opoku-Afari, has proposed two short-term strategies to enable government reset Ghana’s economy following its disruption by the Covid-19 pandemic. According to the Deputy Governor, disruption in Ghana’s economy on the back of the Covid-19 pandemic, resulted in a slump in economic activity with GDP growth declining
Synopsis: South Africa’s recovery may well be on its way as the government finances showed a significant improvement in May due to rising tax revenue despite restricted economic activity SOUTH Africa’s recovery may well be on its way as the government finances showed a significant improvement in May due to rising tax revenue despite restricted
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
Energy think tank, the Institute for Energy Security (IES), has averred that the ongoing impasse between ENI Ghana Exploration and Production Limited – subsidiary of Italian oil major ENI – and Springfield Exploration and Production Limited, could prove costly for Ghana if not settled and allowed to end up in the International Court of Arbitration.
Minister for Finance, Ken Ofori-Atta, has made a justification for the sudden rise in the country’s public debt stock as a ratio of Gross Domestic Product (GDP). Speaking at a presser on Sunday, May 9, following the massive social media campaign dubbed #FixTheCountry by which the Ghanaian youth are demanding for good roads, quality education,
Former Minister for Finance, Seth Terkper, has said, policy distortions to the country’s second-biggest tax handle – the Value Added Tax (VAT) – is impeding its ability to generate the needed revenue for government. Making the assertion at the second edition of the PFM Tax Africa Network Dialogue Series, the former Minister for Finance noted