Vice President Dr. Mahamudu Bawumia has acknowledged the adverse effects of COVID-19 on both local and global economies, saying it will result in low revenue mobilisation as prices of crude oil slump on the world market.
Dr. Bawumia said this when he launched the Universal QR Code and Proxy Pay...
Fast growth in e-commerce sales to consumers and cross-border purchases
More than 1.4 billion people shopped online in 2018
US, China and UK dominate e-commerce sales to consumers
E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by...
The country’s already struggling stock market has not been spared the impact of deadly coronavirus pandemic as a report by Databank Research shows that significant value has been wiped off the market once the first case was recorded in March.
The report, which analyses the economy for the first quarter,...
Tanzania’s President John Magufuli called on international creditors last week Wednesday to cancel debts owed by African nations to enable them use the savings to battle the coronavirus.
Tanzania has so far reported 284 confirmed cases of COVID-19, the disease caused by the new coronavirus. Authorities have been urging people...
…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,...
The global financial landscape has witnessed increased regulations and legislations following the 2008 financial crisis. Regulatory compliance in the financial sector implies strict adherence to policies and regulations surrounding the regulatory and supervisory environment of financial institutions.
This includes, but not limited to compliance with Anti-Money Laundering (AML), Anti-Terrorist Financing...
Policy think-tank, Imani Africa, has petitioned President Nana Addo Dankwa Akufo-Addo over a potential GH¢33m average daily revenue loss due to current challenges with the new integrated Customs Management Systems (ICUMS), otherwise known as UNIPASS, deployed at the country’s sea ports.
Imani, in the petition signed by its Founding President...
A senior partner at KPMG Ghana, Anthony Sarpong is advising businesses that may benefit from the government's stimulus package to spend it in critical projects that will help in reviving their operations.
According to him, the fund must not be seen as free money and spent on unplanned projects.
Anthony Sarpong...
On Monday, the B&FT published a story that showed that the second-largest sea port in the country, Takoradi Port, since April 1 has been struggling to electronically clear goods coming through due to technical challenges facing the UNIPASS/Integrated Customs Management Systems (ICUMS).
Sources at the port say that valuation is...