State-owned enterprises (SOEs), particularly those with internally generated funds, remain largely ineffective because they are manned by politicians seeking their own interest and not that of the state, Professor H. Kwasi Prempeh, Executive Director of the Centre for Democratic Development-Ghana (CDD-Ghana), has said.
Prof. Prempeh believes most persons are appointed...
Sends wrong signal to investors
Former Finance Minister Seth Terkper has waded into the controversies surrounding the Agyapa Royalties Limited deal, saying the current structure of the company whereby it operates as an off-shore company will raise red flags about the country’s commitment to fighting money laundering – a...
The European Union (EU) delegation to Ghana in collaboration with the National Authorising Officer’s (NAO), Office of Ministry of Finance has donated Personal Protective Equipment (PPE) to selected basic and senior high schools as well as Non-Governmental Organisations (NGOs) in the Greater Accra Region.
The initiative is one of the...
To make doing business attractive to both local and foreign investors, government has launched a Business Regulatory Reforms Portal, aimed at furnishing enterprises with needed information and assistance in order to reduce the stress they go through in getting the needed certification and permits to operate smoothly.
Ghana has moved...
Data from the Ghana Investments Promotion Centre (GIPC) has revealed that foreign investors in the country recorded revenue losses of around US$75,000 in the second quarter to challenges brought upon by the coronavirus pandemic.
According to the report dubbed ‘Survey on the Impact of Coronavirus (COVID-19) on Foreign Investors in...
African Customs are working towards eliminating substantial amount of tariffs upon commencement of the African Continental Free Trade Area (AfCFTA). Chief Revenue Officer of the Customs Technical Services Bereau, Customsd Division of the Ghna Revenue Authority (GRA) Fechin Akoto has reveal.
These initiatives are efforts the Ghana’s Revenue Authority as...
The “Unknowns Unknowns’’ has presented today's economic crisis, which is mainly attributed to Covid-19 pandemic ‘a priori’ recession, unemployment, low wages, fiscal deficits etc. The effect of this global pandemic is insurmountable with similar economic weakness witnessed during the Great Depression of the 1930s which saw the stock market...
We have each been involved in the Ghana mining sector for almost four decades, including participating in critical reforms of its regulatory regime. We are gravely concerned about the transaction by which 75.6% of royalties payable to government over the life of a number of mining operations are being...
Accumulation and sustainability of debt relative to gross domestic product (GDP) in the Ghanaian economy have been a major concern to some citizens, financial and economic analysts in recent years. The debt-to-GDP ratios recorded by Ghana in recent years are as follows: 2012 = 35.58%; 2013 = 43.22%; 2014...
