Ghana economy

Ghana 2023 budget

This will be a big blow to Retailers and Wholesalers whose annual sales (turnover) exceeds GHC500,000. As Retailers and Wholesalers within this threshold are mandated to add an effective rate …

As government keeps innovating ideas to tackle the perennial depreciation of the local currency against the international trading currencies (especially, US dollar), a negotiation to allow importers use gold to …

This 2.5 percent increase in VAT would kill businesses and if it happens so, the government would not rake in the expected revenue, as it happened during the introduction of …

According to the Finance Minister Ken Ofori Atta, these comprise an agenda to: aggressively mobilize domestic revenue; streamline and rationalise expenditures; boost local productive capacity; promote and diversify exports; protect …

The sources of the slowdown were from construction and port activities.

The IMF has asked government to include, energy sector debt, GETFund, Sinohydro, and cocoa loans to the public debt. The country’s debt stock increased to US$393.4 billion, 78.3 percent of …

Investors may be compelled to sell their cedi holdings, if the MPC committee decides to hold the policy rate at 22 percent.

Last week, the Managing Director of the Fund assured the President of Ghana that, the deal would be finalized before the end of the year.

The cedi is also expected to appreciate further in the wake of the first tranche of the annual cocoa syndication loan which would hit the accounts of the BoG next …