According to Fitch, the possibility of new revenue measures could lead to a further shrinkage of deficit in 2023, but the government's slim majority in parliament could frustrate attempts to raise tax rates or implement new taxes.
The, current situation, if not addressed, could prove disastrous for the country as this could trigger a domino effect and even imports of essential commodities could come to a grinding halt.
The downgrade reflects deterioration of Ghana's public finances, which has contributed to a prolonged lack of access to Eurobond markets, in turn leading to a significant decline in external liquidity.
Prices of goods and services have shot up by a thousand percentage (100%) with fuel products being the most hit in record time in the country.
The NIA recently clash with the EC over the matter, where the Authority believe it has not sanctioned the EC to tease any such information either to Government or stakeholders in the Country's electoral body.
Ghana’s economy showed signs of serious challenges even before COVID-19 struck. The World Bank’s country director has been emphatic that our economic challenges persisted even before the COVID-19 crises.
The proposal is coming at time when there is a debate whether the policy should be reviewed or abolished since it’s consuming chunk of government revenue.
As part of activities to commemorate the 10th anniversary of the late President John Evans Atta Mills, the National Democratic Congress and the Board of the Atta Mills Memorial Heritage today friday organized Muslim prayers in some mosques for our *Country Ghana*; that Allah will continue to grant us peace and stability.
His lawyers insist that the Supreme Court lacks jurisdiction to entertain the originating writ seeking to invalidate the Assin North 2020 Parliamentary elections.
TUC in a statement signed by its Secretary General, Dr Yaw Baah kicking against the IMF bailout said IMF programmes have only imposed unnecessary hardships on Ghanaians with practically nothing to show for them.