Browsing: Economy

In the current economic climate—marked by inflationary pressures and a depreciating currency—these levies are seen as critical sources of revenue.

In its recently published State of the Ghanaian Economy Report 2023 and Q3 2024 Review, ISSER suggests that a simplified tax structure could streamline compliance, ease administrative burdens on businesses, and potentially improve tax collection.

According to the bank’s unaudited Q3 2024 financial statements, ADB’s profit after tax also climbed dramatically, hitting GH₵111.827 million compared with GH₵2.040 million for the same period in 2023.

“We admonish the government not to overspend, especially with 2024 being an election year,” ISSER stated in its latest State of the Ghanaian Economy report.

Our growth prospect remains positive,” Prof Quartey said, adding that Ghana could surpass the IMF’s latest 4% forecast with effective fiscal oversight.

Newmont’s Akyem operation, located in the Birim North District of the Eastern Region, improved on last year’s ranking, placing fourth overall and third in the extractive sector.

With Ghana currently spending around $400 million monthly on fuel imports from Europe, Dr. Hamid expressed optimism that accessing Nigeria’s production could cut costs.

Subsequently, Benjamin Nsiah, Executive Director of the Center for Environmental Management and Sustainable Energy (CEMSE), in a recent interview also pointed to severe financial constraints in Ghana’s energy sector as the cause of the ongoing intermittent power outages, commonly referred to as “Dumsor.”

This adjustment suggests a cautious pivot by insurers, responding to the DDEP’s financial impact.

We have $7 billion in foreign exchange reserves. If I want to drive the dollar-cedi rate to GHS 10, I can do that tomorrow.