The Minister designate for Finance, Mr Ken Ofori-Atta, has justified the need to introduce new taxes at a time Ghanaians are coping with the negative impact of the coronavirus disease. Responding to a question during his vetting on Thursday by the Appointments Committee of Parliament, Mr Ofori-Atta said it was necessary for Ghanaians to learn
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.
Chief Executive Officer of the Chamber of Independent Power Producers and Bulk Consumers (CIPDiB), Elikplim Kwablah Apetorgbor, has suggested to the Ghana Grid Company Limited (GRIDco) a solution to the incessant power outages witnessed across the Greater Accra Region. Calling on the management of GRIDCo to ensure that power transmission equipment are well upgraded with obsolete
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 global economy is projected to grow at 6 percent this year, moderating to 4.4 percent in 2022 after a contraction of –3.3 percent in 2020 The revised 6 percent growth projection follows an earlier growth projection of 5.5 percent by the IMF. According to the IMF, the contraction of the global economy for 2020
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 collective debt of African countries according to the African Development Bank (AfDB), now stands at 70 per cent of the continent’s Gross Domestic Product (GDP). Speaking at the launch of the African Development Bank’s 2021 edition of its annual African Economic Outlook, President of the AfDB, Dr Akinwumi Adesina, called for a quick and
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
The Debt Service Suspension Initiative (DSSI) instituted by the Group of Twenty (G20) has been further extended to the end of 2021. The extension of the DSSI initiative was agreed on by the G20, the International Monetary Fund (IMF) and the World Bank at the ongoing IMF/World Bank 2021 Spring Meetings. Welcoming the extension, President
Total government expenditure for 2021 is projected to reach some GHS 113.75 billion, equivalent to 26.2 per cent of Gross Domestic Product (GDP). The increment in public expenditure represents a growth of 13.7 per cent above the outturn of GHS 100 billion recorded in 2020. Meanwhile, total revenue and grants for 2021 is projected to