By Adnan Adams Mohammed Developers and homebuilders across Ghana are experiencing a rare period of cost predictability as the country’s building materials inflation held completely steady at 2.2 percent for …
Economy and Finance
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Business, Small BusinessEconomy and FinanceNews
GRA rolls out ITAS to drive ‘digital tax’ transformation …tightens compliance, closes revenue leakages
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed The Ghana Revenue Authority (GRA) has officially launched a major media engagement drive to introduce its new Integrated Tax Administration System (ITAS), marking a decisive shift …
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Agric and EnvironmentBusiness, Small BusinessEconomy and FinanceNews
Gov’t to lay ‘radical’ COCOBOD reform bill in Parliament soon … amid IMF demands for flexible farmgate pricing
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed In the most sweeping legislative intervention in the history of Ghana’s cocoa sector, the government is set to introduce a landmark bill in Parliament within the …
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Business, Small BusinessEconomy and Finance
Govt retreats from high Eurobond costs, FX risks …settles for domestic bond issuances for now
by Adnan Adamsby Adnan AdamsBy Toma Imirhe The Government of Ghana is deliberately staying away from the international bond market despite the sharp improvement in the country’s macroeconomic indicators, and consequent sovereign credit ratings, …
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Agric and EnvironmentEconomy and FinanceNews
Ghana among ‘most promising’ African nations for investment – Dangote
by Adnan Adamsby Adnan AdamsGhana among ‘most promising’ African nations for investment – Dangote Africa’s richest person and foremost industrialist, Aliko Dangote, has named Ghana among a select group of countries on the continent …
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Business, Small BusinessEconomy and FinanceNews
BoG’s dynamic CRR is a liquidity management upgrade
by Adnan Adamsby Adnan AdamsThe decision by the Bank of Ghana as announced last week, to introduce a 20 percent dynamic Cash Reserve Ratio (CRR) framework for commercial banks marks one of the most …
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Business, Small BusinessEconomy and FinanceReligion
Catholic expert’s appointment to NIB Advisory Council crushes ‘Islamisation’ fears
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed In a historic move that signals the imminent launch of Ghana’s first fully licensed Non-Interest Banking (NIB) institution, the Bank of Ghana (BoG) has announced the …
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Business, Small BusinessEconomy and Finance
GRA’s AI System triggers historic GH¢1bn Customs revenue surge in April amid deepened engagement
by Adnan Adamsby Adnan AdamsBy Adnan Adams Mohammed Publican AI eliminates human discretion at the ports, smashing initial targets; May collections on track to eclipse April’s record milestone. In what has been described as …
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Agric and EnvironmentEconomy and Finance
IMF okays COCOBOD’s overhaul; demands farmgate prices align with world market to secure sector
by Adnan Adamsby Adnan AdamsThe International Monetary Fund (IMF) has strongly endorsed the sweeping structural reforms currently being aggressively pursued by the Ghana Cocoa Board (COCOBOD). However, to ensure the long-term financial sustainability of …
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Economy and Finance
BoG rejects artificial market intervention …focuses on reserve accumulation to anchor cedi and check volatility
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BoG) has firmly ruled out executing artificial or heavy-handed interventions in the foreign exchange market to manage recent demand pressures on the local currency. Instead, the …