Browsing: Alex Mould

The release issued last week and signed by the Managing Director, Edwin Provencal, indicated that, “the revaluation which was a deliberate decision to enhance the reporting of the company led to a deferred tax obligation of GHC292,935,973 compared to the net loss of GHC291,017,758, a difference of GHC1,918,215 (Appendix 1). The increase in the value of the revalued assets also resulted in increased depreciation charges which further reduced the bottom-line or the profit for the year. But, the ‘deferred tax obligation’ aspect beats the financial reporting knowledge of the finance expert. This led him to ask questions in awe.

The cost of doing business is high – and most of this is deliberate and orchestrated by the organisations who sometimes deliberately make doing business cumbersome so that the people who work there – together with their middlemen interfacing with the clients – make money by “assisting” the self imposed cumbersome process.

He believes the current youngsters are good to be maintained for the national team.

The unexpected windfall could go a long way to help government cushion consumers from sharp price hikes that have characterized the cost of fuel at the pumps in the past months.

The former Executive Director at Standard Chartered Bank, Alex Mould has said, currently the country is practising “cash accounting”, that is, “we pay as we go”. This is ok for steady payments but not good for intermittent large payments like EuroBond principal repayments. 

A finance and energy analyst has assured Ghanaians to lose no sleep as the fallout from the Ukraine invasion will have no immediate effect on prices of our petroleum products. Rather, he advised the managers of the economy and the forex market regulators to put in measures to control the escalating exchange rate as witnessed in the past few weeks.