The Bank of Ghana (BoG) has announced on Wednesday August 12 that in 2019, the banking industry reported a total number of 2,295 fraud cases as compared to 2,175 fraud cases reported in 2018. The central bank said the marginal increase in the number of fraud cases reported may partly be attributed to the improved …
Month: August 2020
Credit to the private sector declined by GHc1.24 billion in May 2020, according to the latest Bank of Ghana (BoG) Statistical Bulletin. This occurred during the peak of the coronavirus pandemic in the wake of government’s partially lockdown of the economy’s two biggest hubs for three weeks. According to the data, banks and other financial …
Parliament has approved GH¢11.896 billion as supplementary estimates for the 2020 financial year to meet government expenditure. The approval followed the request made by government in the Mid-Year Fiscal Policy Review of the 2020 Budget Statement and Economic Policy to Parliament pursuant to Section 28 of the Public Financial Management Act, 2016 (Act 921). Mr …
A recent study on C-Suite perceptivity of the economic impact of COVID-19 revealed that revenue connected to tourism, aviation, property sales and entertainment all decreased by over 90% in the first and second quarters of 2020. Conducted by industrialisation and supply chain expert Professor Douglas Boateng, the purposive study also explored the perceptions of Ghanaian …
The Ministry of Gender, Children and Social Protection (MGCSP) is considering paying the Livelihood Empowerment Against Poverty (LEAP) beneficiaries through mobile money to ease the stress of receiving their cash. Mrs Cynthia Mamle Morrison, the sector Minister made this known when she supervised payment to 120 LEAP beneficiaries at Nyakrom in the Agona West District …
Financial and risk advisory firm, Deloitte Ghana is proposing for an additional corporate tax deduction incentive for the worst-hit companies as a result of the coronavirus pandemic. According to the firm’s latest report in view of the 2020 mid-year budget review, the tax deduction policy when implemented will maintain at least 85 percent of employees …