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Job unavailability rises

By Elorm Desewu The number of jobs advertised in selected print and online media, which partially gauges labour demand in the economy, decreased in December 2021 relative to the corresponding period a year ago. In total, 2,588 job adverts were recorded as compared with 3,157 for the same period in 2020, indicating a year on […]
Business

Online businesses to be taxed from April 2022

Adnan Adams Mohammed The Ghana Revenue Authority (GRA) has indicated preparation towards implementing a tax regime for online businesses (e-commerce) from April 1, 2022. This new tax introduction is geared towards widening the tax net as milions of cedis is recorded on the several e-commerce platforms. This will mean that, the likes of Netflix, Facebook […]
Business News

NALAG President Hopeful Thanks Members For Warm Reception

Hon. Kusi Kwaku Eric, NALAG President Hopeful, is grateful to all members for the warm reception accorded him by members during his tour in all the sixteen regions of Ghana.The Adansi North District Chief Executive (DCE) indicated that,the way and manner he was welcomed anywhere he went during his tour cannot be underestimated.He is however […]
Business

Banks close tap for lending

By Elorm Desewu Banks are beginning to close their tap for lending to the private sector, as its credit to the sector contracted by 1.3 percent at the end of December, 2021 compared with a modest growth of 0.2 percent recorded during the same period in 2020. Private sector credit growth is steadily picking up […]
Business News Politics

E-Levy fallout: Experts disagree on IMF bailout

Adnan Adams Mohammed As Ghana’s economy is torn in the flesh of either passing and implementing the Electronic Transaction Levy or going to the IMF for a bailout, many finance and economic experts have shared their views on the way-forward in savaging the collapsing economy. The Chief Executive Officer of Dalex Finance wants the government […]
Business News Politics

Ghana’s trade surplus narrows to US$1b

 By Elorm Desewu  Ghana’s trade surplus has narrowed significantly recording a surplus of USw$1.1 billion representing 1.6% of Gross Domestic Product ( GDP) compared to a surplus of US$2.0 billion which was 2.8% of GDP in 2020.   The decline in the trade surplus was due mainly to increased imports as the economy rebounded.   Total exports […]
Business News

Interest rates remain unchanged

Interest rates in the country are expected to remain steady, after the seven member Monetary Policy Committee, (MPC) decided to hold the policy rate at 14.5 percent for the next couple of months. According to the Committee chaired by the governor of the Bank of Ghana, (BoG), Ernest Addison, the dynamics associated with the November […]
Business News Politics

Govt misses fiscal deficit target

By Elorm Desewu The government’s fiscal deficit has widened further, recording an end year deficit of 9.7 percent o Gross Domestic Product, (GDP), slightly higher than the target of 9.4 percent of GDP for 2021. Total revenue and grants for 2021 was 15.4 percent of GDP. Domestic and tax revenue also recorded 15.2 percent and […]