Government has better resources; it has no excuse in running economy – Tekper Former Finance Minister, Seth Tekper says the present government does not have any excuse in managing the Ghanaian economy well because it presently has better resources than the previous NDC administration in which he was in charge of government’s finances. According to
Ghana has lost its status as a Middle-Income Country (MIC). This follows the reclassification of the country as a Low-Income Country (LIC) by the International Monetary Fund (IMF) in its April 2021 Fiscal Monitor Report. According to the IMF, it no longer recognises Ghana as a MIC despite achieving the status in 2010. The downgrade
With concerns over the rising public debt stock bringing the nation’s poor and porous revenue mobilisation mechanisms under increased scrutiny, calls have intensified for a review and reform of the existing tax regime – particularly policy provisions for tax exemption. One such reform – the introduction of a publicly accessible tax exemption repository, has received
The end result of the two world wars, coupled with a Great Depression was enormous physical and economic destruction in both Europe and the United States. These necessitated the drive to create a new international monetary system that would stabilize currency exchange rates without backing currencies entirely with gold; to reduce the frequency and severity of balance-of-payments deficits;
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.
Deputy Finance Minister-designate John Kumah has conceded that the Energy Sector Levy Act (ESLA) introduced by former Finance Minister Seth Terkper during the Mahama administration, has been helpful to the Akufo-Addo government in clearing a lot of energy sector-related debts. Now known as ESLA PLC, the company’s key objective is to resolve the energy sector
Some $885 million is expected to be accrued to government in revenues from crude oil production this year. The expected $885 million is a significant recovery from the $666.4 million (GH¢3.8 billion) petroleum revenue received by government at end-December 2020 due to the impact of the Covid pandemic. Anticipated increment in petroleum revenue is expected
Social Entrepreneur, Vincent Dzokoto wants the suspension of exploration and production contracts on the Keta Delta Block. According to him, there hasn’t been a sustained effort to forge cooperation between the communities within the Keta constituency and the government about plans to advance the exploration of oil. Swiss African Oil Company and PET Volta Investments
After a year of havoc, wreaked on the economy by COVID-19, the government has laid a blueprint of bold policies and programmes to stop the spread of the virus and contain its effects; revert the economy onto the path of transformational growth and ensure prosperity for all Ghanaians. In the country’s first budget since the
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.