Assets of all 23 banks currently operating in the country, according to the Bank of Ghana (BoG), totaled Ghs 152 billion as at end-February 2021. The recorded total assets value the BoG notes in its Banking Sector Development Report, represents a 18.5 percent year-on-year growth which is marginally higher than the annual growth of 17.8

A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. A campaign to prevent government from taking on more loans particularly through the issuance of debt-instruments – Eurobonds – on the international capital market has been launched. Adding

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

American credit rating agency, Fitch Ratings, has projected Ghana’s interest payments on debts to increase to 53 percent of total revenue this year. Interest payments Fitch however notes, will fall by 3 percentage points reaching 50 percent of total revenue in 2022. The projected interest payments for 2021 when compared to 2019’s interest payments of

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.

Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah, has accused the National Petroleum Authority (NPA) of unilaterally adding some Ghs 0.17 pesewas to the already Parliament approved Ghs 0.30 pesewas tax charge on fuel price as contained in the 2021 budget statement. In statement issued by the Chamber on Friday, April

Tax expert and lecturer at the University of Professional Studies Accra (UPSA), John Amoh, has described as retrogressive, the Value Added Tax (VAT). According to the tax expert, VAT is retrogressive in the sense that it impacts low-income earners and the poor the most, due to the fact low-income earners and the poor spend a

Government has been urged to slow down on excessive borrowing as a precaution to reduce the country’s debt to GDP ratio. According to the International Monetary Fund, Ghana’s debt to GDP ratio is higher than what was actually put out by the government. The nation’s debt to GDP ratio actually ended 2020 at 78% of

Ghana witnessed a surge in Foreign Direct Investments (FDI) inflows recording an impressive $2.6billion worth of inbound investments for the year 2020. The Ghana Investment Promotion Centre in its Investment report for the 4th quarter of 2020 said the significant FDI recorded was against expectations following the Covid – 19 outbreak but touted government policies

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.