1. Introduction
The Bank of Ghana (BOG) Monetary Policy Committee (MPC) Report for May 2020 curiously puts the end-March 2020 public debt at 59.3 percent. Since the 2019 Debt Report and the IMF show the end-2019 debt level as 63 percent, it is unlikely to decline substantially to 59.3 percent....
Government’s target of achieving a growth rate of 6.8 percent in the 2018 fiscal year is not ambitious enough given the strong economic performance recorded this year, a Partner at KPMG, Andy Akoto, has said.
According to Mr. Akoto, government has so far posted a strong macroeconomic performance with all...
Although they are waiting to see whether the expected power tariff reduction will be in respect of levies or cumulative tariffs, players in the industrial sector have said a 25 percent reduction, as Vice President Bawumia has hinted, would be most welcome - at least for a start.
“That would...
The Ghana Water Company Limited (GWCL) may struggle to meet its objective of serving Ghanaians better if a debt of GH₵840m owed it by Ministries, Departments and Agencies (MDAs) and domestic customers is not paid in the near-future.
Addressing stakeholders at the launch of GWCL’s e-billing system in Accra, the...
A policy analyst with the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw, has been elected to chair the Public Interest and Accountability Committee (PIAC) whilst Dr. Thomas Kojo Stephens, of the Ghana Bar Association (GBA), was elected Vice Chair.
PIAC, established in 2011, under the Petroleum Revenue Management Act...
…A Finance and Investment perspective.
From a small market in Wuhan, China, the novel Coronavirus, now named COVID-19 began an inexorable march around the world and is now truly a global health crisis. Half a century of globalization has brought us closer, for good or for worse. Integrated financial markets,...
GH¢17.8bn to be borrowed
Only GH¢2bn in fresh issuance
Government plans to borrow a total of GH¢17.8billion between June 20 to August 20, but 89% of the debt, GH¢15.8billion, will be used to roll-over maturing loans, with only GH¢2billion in fresh issuances.
According to the Ministry of Finance’s issuance calendar,...
A government constructed warehouse facility, under the One District One Warehouse (1D1W) initiative, partly funded with ‘oil money’, at Atasikrom in the Dormaa Municipality of the Ahafo Region, has stalled nine months after the construction deadline.
The project, which is now projected to be about 98 percent completed, was awarded...
There is no past or future in Arts - Pablo Picasso
Ghana’s art industry, usually border around music and dance, pottery, metal, wood carvings and textile work among others with fine art relegated to the background.
It is against this background that the Ghana Export Promotion Authority, the trade promotion agency...
The Ghana Investment Promotion Centre (GIPC), as part of its ‘Ghana on the Go CEO’s breakfast meeting’, hosted CEOs and Business leaders to discuss laws and sanctions that come with Technology Transfer Agreement.
The Technology Transfer regime relates to a relationship between a parent company or an external company and...