The Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana is calling on government to review the 1.75 percent proposed Electronic Levy (E-Levy) in next year’s budget which has been ‘rejected’ by Parliament, saying the rate is overly punitive. In its post budget analysis, Director of ISSER, Professor Peter Quartey, said …
Month: November 2021
Mr Kwaku Kwarteng, Chairman of the Finance committee of Parliament has appealed to Members to support government’s policies. He urged them not to create the impression that the imposition of taxes was against the interest of the people. According to him members must partner government in cutting cost and raising revenue, adding that it was …
The Securities and Exchange Commission (SEC) has issued the first credit rating licence to an indigenous company in Ghana, which will allow for an independent evaluation of the creditworthiness of debt securities on the Ghana Fixed Income Market. This will be a boost to development of the corporate bonds market, given that corporate bond issuers …
…..as inflation bares teeth Quartey says it is right decision for now The Monetary Policy Committee of the Bank of Ghana has, for the first time since May 2018, hiked the policy rate by a 100 basis points, citing inflationary pressures as the main reason. Inflation for October climbed above the medium-term target band of …
Mobile money transactions far outstripped cheque transactions by approximately GHS232 billion in the first four months of 2021, Right Reverend Patricia Sappor, President Chartered Institute of Bankers(CIB), has disclosed. She said according to the data from the Bank of Ghana, the value of mobile money transactions for the first four months of 2021 totaled GHS301.1 …
Mr. Denys Denya, Afreximbank’s Executive Vice President Finance and Banking Services, has revealed that the African Union in collaboration with the Afreximbank, are rolling out the Pan-African Payments and Settlement System (PAPSS).He said PAPSS would provide alternative to current high-cost and lengthy correspondent banking relationships to facilitate trade and other economic activities among African countries …
The Finance Minister says government is looking to introduce innovative ways of raising revenue after it scrapped the payment of tolls on tolled roads. Ken Ofori-Atta said government is proposing a 1.7% phone transactions levy payable by mobile money users per transaction above ¢100. He said this will help government to shore up revenue inflows …
The Chief Executive Officer (CEO) of Vodafone Ghana, Patricia Obo-Nai, has tasked policymakers to make fundamental changes to Africa’s macroeconomic environment to position the continent as a preferred investment destination. According to her, policymakers in Africa must introduce innovative ways to change the African narrative to help attract investors. “Africa should be more deliberate in …
Standard Chartered Bank Ghana PLC has once again bagged the prestigious Digital Bank of the Year award while its groundbreaking banking platform, SC Mobile, was named the Mobile Banking App of the Year at the 2021 Ghana Information Technology & Telecom Awards (GITTA). These accolades were extended to Standard Chartered during the 11th GITTA Awards …
The Institute of Economic, Statistical and Social Research (ISSER) at the University of Ghana is calling on government to turn its attention to efficiency in collection of taxes as a means of improving the revenue situation, rather than introducing new ones or increasing those existing. As of the second quarter of the year, data from …