Ghana and its East African counterpart Rwanda, are looking to explore bilateral opportunities in business, tourism and other mutually beneficial economic prospects under African Continental Free Trade Agreement (AfCFTA). A trade delegation from Ghana in March this year, paid a visit to Rwanda to promote trade between the two countries with anticipating a collaboration between
The size of Ghana’s economy is projected to swell from $62.8 billion in 2020 to $83.2 billion by the end of 2023. According to Fitch Solutions, research arm of credit rating agency, Fitch Ratings, the expansion of Ghana’s economy is expected to start this year, with the economy growing by $7.2 billion in monetary terms.
The International Monetary Fund (IMF) said on Tuesday it had approved a $2.7 billion line of credit for Panama to address the coronavirus pandemic. The IMF’s executive board approved the two-year arrangement under its Precautionary and Liquidity Line (PLL) to serve as “insurance against extreme external shocks” that the pandemic’s economic fallout causes. In determining
…as Telecos paid GH¢3.6bn tax in 2020 Total taxes borne, collected and other remittances made to government and allied agencies resulted in total payment of 3.6billion cedis. This contribution forms approximately 8.5% of Ghana’s 2020 tax revenue (Ministry of Finance, 2020 budget statement). This was revealed at the 18th Knowledge Forum organized by Ghana Chamber
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
The International Monetary Fund (IMF), has expressed worry over Ghana’s rising debt stock noting the country has to implement some drastic measures to contain the debt situation. Addressing the issue, Director of the African Department of the IMF, Abebe Amero Selassie, adviced government that it revise some of its debt sustainability programmes. “Our engagement with
Governor of the Bank of Ghana, Dr. Ernest Addison, has credited the strong resilience exhibited by the economy and the quick return to growth path amidst the ongoing coronavirus pandemic to credible homegrown policies. Speaking at the 10th edition of the Ghana Economic Forum in Accra, organised by the B&FT and themed: ‘Strengthening homegrown policies to underpin the
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
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.
Ahead of the presentation of the 2021 mid-year budget review today, Thursday, July 29, 2021, Energy Consultant, Dr. Yussif Sulemana, says he expects the government to review some taxes introduced in the petroleum sector. He argues that as oil prices on the global market continue to surge, the government stands to make up for any