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 implementation of some of the new tax policies introduced in the 2021 budget statement from 1st May is likely to contribute to fuel prices rising to GHS6 per litre in the near future. That’s according to the Chamber of Petroleum Consumers (COPEC). Of the new taxes that will be implemented from the beginning of next
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
The country’s banking sector holds half of the country’s domestic debt – meaning the financial sector has become more comfortable investing in government instruments than lending to the private sector, a situation that a financial analyst says is a threat to the recovery plan. According to the Bank of Ghana’s statistical bulletin (May) report, out
President of the World Bank Group (WBG), David Malpass, has described as problematic Ghana’s fast rising fiscal deficit. According to him, should Ghana’s fiscal deficit continue on an elevated path, the country would face access problems to market-based finance (capital market) as witnessed in other middle-income countries. “Many of them (middle-income countries) face access problems
Government is reported to have surpassed its revenue mobilization target for the first quarter of 2021 by more than Ghs 3 billion. The revenue mobilization performance posited by government for Q1 2021, according to the Bank of Ghana (BoG) is higher than pre-pandemic mobilised revenues. Speaking in a media interaction, Head of Research at the
Economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic and speed up vaccine rollouts, according to the World Bank’s biannual economic analysis for the
The Yapei-Kusawgu MP, John Abdulai Jinapor says the Akufo-Addo-led administration’s revenue target is simply unattainable. The former Deputy Energy Minister based his comments on the inability of government to meet any of its revenue targets in the past four years. According to him, government’s projection of adding about ¢20 billion more to Ghana’s current tax
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 Nigerian federal government spent a total of N1.8 trillion on debt servicing in the first five months of the year, representing about 98% of the total revenue generated in the same period. This is according to the budget implementation report presented by the Minister of Finance, Budget & National Planning, Mrs Zainab Shamsuna Ahmed.