The International Monetary Fund (IMF) has approved the Public Sector Reforms for Ghana to be implemented in 2018. The reforms are part of efforts to reduce the bureaucracies in Ghana’s public sector and improve efficiency. The Fund has been critical of Ghana’s rising public expenditure which it contends has partly contributed...
Dr Thomas Mensah Renowned US-based Ghanaian Scientist, Entrepreneur and Innovator of Fibre Optic Technologies, Dr Thomas Mensah, has lauded the government’s initiative of establishing a factory in each district to reduce the high unemployment rate. He, however, says the initiative can be sustained when the country is able to build...
Government promised in the 2017 Budget to remove some taxes to free additional capital for businesses and provide relief to consumers. In line with this, the following taxes were abolished: one percent Special Import Levy imposed on imported raw materials and machinery; 17.5 percent VAT/NHIL on Financial Services; 17.5 percent VAT/NHIL on domestic...
A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent in 2019. Borrowing costs...
Ghana and Finland are taking trade relations to the next level in the coming days with the Finish Minister for Foreign Trade due in the country next week. Pirjo Suomela Chowdhury Ghana and Finland are taking trade relations to the next level in the coming days with the Finish Minister for...
The annual consumer price inflation fell to 11.6 percent in October from 12.2 percent the previous month on the back of lower transport and health costs, the statistics office said on Wednesday. The major commodity exporter is following a $918 million credit programme with the International Monetary Fund that...
Ghana’s burgeoning online business community will once again meet in Accra for the 4th Ghana eCommerce Expo and Conference on 23-24 November 2017, under the theme, “Shaping Ghana’s eCommerce Landscape through Innovation, Regulation and Adoption. Together”. This important annual gathering of leading e-commerce retailers, fintechs, digital payment platforms, telcos,...
Finance Minister, Ken Ofori-Atta has stated that the 2018 budget which will be presented in parliament later this month will use innovative ways to improve domestic revenue collection for economic development. This follows calls from the Institute of Fiscal Studies, urging government to use the 2018 budget to improve tax...
Traders in Mankessim in the Mfantsiman Municipality of the Central Region have expressed hope and optimism about increased sales returns during this yuletide. According to them, last year's sales dipped due to the political tension and uncertainties that enveloped the nation before, during and after the election. Speaking in an interview...
E.S.L.A PLC, successfully closed its books for the issue of the ESLA bonds on Friday 3rd November 2017, after extending the timeline for the issue of the 10-year bond by one week. Investors may recall that E.S.L.A PLC successfully closed its books for the issue of the 7-yeafr bond...