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E-Levy fallout: Experts disagree on IMF bailout

February 6, 2022 66 0

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

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Mould, Assibey-Yeboah charge gov’t to start IMF bailout process now

February 6, 2022 55 0

Adnan Adams Mohammed In the wake of calls on the government to abandon the idea of forcing an Electronic Transaction Levy (E levy) on Ghanaians against all odds and massive opposition from the citizens, a former Chair of the Finance Committee of Parliament, Dr. Mark Assibey Yeboah, is urging the government to reconsider its decision […]

Business News Politics

Ghana’s trade surplus narrows to US$1b

February 6, 2022 60 0

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 […]

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Banks profit growth dip

February 6, 2022 62 0

By Elorm Desewu Banks’ year on year profitability growth have declined recording 22.1 percent or GHC7.4 billion compare with 27.2 percent in 2020. Notwithstanding the decline in the profit growth, the industry remained solvent with the average industry Capital Adequacy Ratio (CAR) of 19.6 percent which is well above the 11.5 percent regulatory minimum

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Moody’s downgrades Ghana’s rating to Caa1; outlook stable

February 5, 2022 48 0

Adnan Adams Mohammed Moody’s Investors Service (“Moody’s”) has downgraded the Government of Ghana’s long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative. The international rating agency has also downgraded the senior unsecured MTN programme ratings to (P)Caa1 from (P)B3 and the

Business News Politics

Govt misses fiscal deficit target

January 31, 2022 58 0

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 […]

Business News Politics

E-levy: gov’t intensifies sensitization amidst strong opposition

January 31, 2022 57 0

Adnan Adams Mohammed The Government has doubled its effort on public sensitization as it holds town hall meetings on intended introduction of the ‘controversial’ Electronic Transactions Levy (E-levy) bill. The exercise forms part of a series of engagements the government has planned with the aim of explaining the importance of the E-levy as well as […]

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E-levy is ‘most nuisance tax’ – Terkper

January 31, 2022 43 0

Adnan Adams Mohammed A former minister of finance has described embattled Electronic Transactions Levy policy (E-Levy)as the most nuisance of all nuisance taxes in the history of Ghana’s economic management. The former minister takes strong opposition against the most controversial tax policy in the fourth republic governance of Ghana. In a statement reacting to a […]

Politics

E-Levy fallout: Experts disagree on IMF bailout

Mould, Assibey-Yeboah charge gov’t to start IMF bailout process now

Ghana’s trade surplus narrows to US$1b

Banks profit growth dip

Moody’s downgrades Ghana’s rating to Caa1; outlook stable

Govt misses fiscal deficit target

E-levy: gov’t intensifies sensitization amidst strong opposition

E-levy is ‘most nuisance tax’ – Terkper

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