Inflation for the month of July fell from 10 percent to 9.6 percent. This represents a 0.4 percentage decrease. Inflation measures the change in the general price level of goods and services over time. Speaking at a press conference, the acting Government Statistician, Baah Wadieh said the drop was due to the food component in …
This story from Uganda holds great lessons for Ghana that I believe culling it from the Monitor of Uganda and relating it to the progress we have made in Ghana is very important. Over the last 18months, there has been a consistent attempt by many Governments within Sub Saharan Africa to tax mobile money and …
The rural and community banks have a key role in making a positive contribution toward reduction of poverty. They also act as one of the key channels to distribute funds to businesses in their localities and encourage the spread of sound entrepreneurial activity. It is believed that rural and community banks (RCBs) can play a …
As part of measures to raise more revenue to meet its revenue target for the 2018 fiscal year, government has revealed that it will introduce a new tax known as the high net worth income tax. In line with the new tax, government will charge 35 percent on incomes that are over GHC 10,000. Presenting …
The inflation rate for June 2018 rises to 10 per cent as a result of increases in prices of non-food items in the country. This figure is an increase of 0.2 per cent as compared to the 9.8% recorded in May, 2018. According to the government Statistician Dr Baah Wadieh, prices of imported commodities continue …
Government’s budget deficit will be capped at 5 percent of GDP from 2019 as part of measures aimed at preventing fiscal slippages, Vice President Dr. Mahamudu Bawumia has revealed. He said the move will put to rest concerns over possible slippages in the fiscal space as the country prepares to exit its three-year Extended Credit …
The International Monetary Fund (IMF) has urged that the government’s midyear budget review focuses on how the government intends to cater for the shortfall in revenue targets for the year. In what seems to be the Fund’s prior knowledge of the focus of the presentation next month, it has welcomed the government’s decision and says …
Provisional figures released by the Ghana Statistical Service (GSS) show that Ghana’s Gross Domestic Product (GDP) for the first quarter of 2018 grew by 6.8 percent. This compares with the 6.7 percent recorded in the same period last year. For the first quarter of this year (2018), the Oil GDP estimate at current prices for …
The general price levels of goods and services, otherwise known as the Consumer Price Index, for May 2018 has increased slightly from 9.6 percent recorded in April to 9.8 percent, the Ghana Statistical Service (GSS) data has shown. Commenting on the increment, Acting Government Statistician, Baah Wadieh, said both the food and non-food baskets inflation …
The Bank of Ghana (BoG) has asked all local banks that may not meet the 400 million cedis capital requirement to present their plan for mergers. This, according to the central bank is to create space for the banks to consolidate their operations with the other entities after December 31st 2018. The Governor of the …