Browsing: Tax-to-GDP

Economy and Finance

Tax-to-GDP to peak at 16.5%; inflation of 16.3% in 2022 – IMF

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IMF’s April 2022 Fiscal Monitor also revised its forecast of an end year inflation of 16.3% from an initial forecast of 8.8%. This means the country will miss the Bank of Ghana target of 8%+\-2. It indicated that, the rising inflation has been triggered by higher commodity prices such as crude oil and cereals as a result of the Russia/Ukraine conflict.