The first full sovereign credit rating of Ghana for 2021 was delivered last week, and it left rating sentiment unchanged from last year. This came from global credit rating firm Moody’s Investor Services rating the country’s sovereign bond issuance at B3 negative, exactly the same as last year when the firm downgraded Ghana from B3 stable
The International Monetary Fund (IMF), will be be making available to Ghana, an additional $1 billion Rapid Credit Facility (RCF) funds to continue its fight against the Covid-19 pandemic when a formal request made by its Managing Director, Kristalina Georgieva, is granted by the institution’s Board of Governors. Ms Kristalina Georgieva, last week appealed to
In particular, the initial state of the company’s sales and operations planning capabilities limited their ability to account for demand variability or raw material lead times in production and distribution. Improve sales and operations and production planning.
Adds detail, quote, shares JOHANNESBURG, June 7 (Reuters) – South African lender FirstRand FSRJ.J on Monday said its second-half earnings would be higher than previously guided citing a quicker-than-expected economic rebound. The bank warned investors in March, when it said its first-half performance had beaten its expectations, not to expect a similar level of absolute earnings in the final six
Parliament’s Minority Leader, Haruna Iddrisu, has taken issue with the practice whereby the Auditor General publishes his audit reports even before the Legislature gets the opportunity to scrutinise them. Though he acknowledges that the practice is backed by law, the Tamale South MP laments that the practice has dire implications on people’s reputation and dignity.
Banks in the country going forward are expected to pay 5 per cent of gross profits to government. The new directive contained in the 2021 Budget Statement and presented to Parliament on March 12, by Minister for Parliamentary Affairs, Osei Kyei Mensa-Bonsu, is to help defray outstanding commitments – locked up funds – in 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.
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mauritius. While the pandemic has hit the Mauritian economy hard, the authorities have been successful in containing the virus and mitigating the economic impact of the crisis. With tourism halted, real GDP contracted by 15 percent in 2020, and the
Global fiscal response to the Covid-19 pandemic in the last twelve (12) months according to the International Monetary Fund (IMF), has reached $16 trillion. In its April 2021 Fiscal Monitor, the Bretton Wood institution notes that prompt fiscal responses by world governments have strengthened health systems and provided emergency lifelines to households and businesses. Adding
Former Minister for Finance, Seth Terkper, has said revenue projections for Ghana over the medium term fall below the 17.8 percentage points total revenue of Gross Domestic Product (GDP) attained in 2015. According to Mr Terkper, total revenues as a percentage of GDP attained over the medium term will be in the region of 16