Government has made savings of GH¢1.5billion in underdeclared taxes since implementation of the Common Platform (CP) in the telecommunications sector since 2017.
“The introduction of the CP has uncovered that, prior to the introduction of the policy, GH¢470million in taxes was lost from potential underdeclarations between 2015 to the first...
To support businesses come out of the pandemic’s quagmire and hasten the so much needed economic recovery, some reforms aimed at lessening the tax burden on businesses must be implemented, global auditing giant Deloitte has proposed.
In its post-Mid-year Budget analysis report, the auditing firm has proposed a raft of...
B&FT yesterday held its fifth in the series of ‘Ghana’s Most Respected CEOs Breakfast Series’ with the theme ‘Bringing the Economy Back to Life: The Role of Banking and Finance’, where the Country Director for Deloitte Ghana, David Kwadwo Owusu, who was a panel speaker noted that with the...
The issue of Cocoa Produce Buying Companies (PBCs) adjusting their scales to cheat cocoa farmers of their due is not only sad but unconscionable.
A private broadcasting station’s latest investigative documentary ‘Missing Kilos’ exposed the stealing of cocoa beans by clerks in licenced cocoa buying companies of the country. The...
Introduction
Since the outbreak of COVID-19 in Ghana in March 2020, economic policymaking has been dominated by measures to address the many impacts of the pandemic. In particular, fiscal policy has been deployed on a massive scale to shore up the public health response to COVID-19 and also lessen...
Parliament has approved the request from the Finance Minister for the suspension of the Fiscal Responsibility due to the dire effects of Covid-19 on the economy.
Finance Minister Ken Ofori-Atta in his mid-year budget presentation to Parliament requested that the Act which requires the country’s fiscal deficit to be kept...
Government’s policy to reduce the Communications Service Tax (CST) to 5 percent, provide free water for another three months, and pay the electricity bills of lifeline consumers and other fiscal populist strategies should be scrapped as the economy cannot raise enough revenue to support it, hence, increasing debt levels,...
Key findings of Ghana PMI
New orders rise, but companies continue to lower activity
Employment scaled back again, but at a reduced pace
Purchase costs increase at the fastest rate since January
Business conditions in Ghana's private sector were broadly stable again in July, mirroring the picture seen in June,...
Banks in the country are ready to finance projects and programmes in the private and public sectors with potential to revive the economy irrespective of COVID-19 prevalence, panellists at the fifth edition of the B&FT-organised Ghana’s Most Respected CEOs Breakfast Series, have said.
The panel, made up of bankers, economists...