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The GRA back tax conundrum and its impact on foreign direct investments

February 28, 2023 Ghana is in dire need of unconditioned revenue to keep its economy afloat and tax income is its surest bet. As talks with the International Monetary Fund drags, the state tax collector...

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February 28, 2023 / Comments (0)

Government postpones meeting with China on debt cancellation to March 2023

February 23, 2023 Finance Minister, Ken Ofori-Atta, has hinted that a planned high-level government delegation to China has been postponed to late March 2023. This is owing to the upcoming National...

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February 23, 2023 / Comments (0)

Development partners key contributors to Ghana’s growth agenda – Ofori-Atta to German delegation

February 23, 2023 The Minister of Finance, Ken Ofori-Atta, has held bilateral talks with the German Federal Minister for Economic Cooperation and Development (BMZ), Svenja Schulze, focusing on economic...

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February 23, 2023 / Comments (0)

Fitch downgrades Ghana again to ‘Restricted Default’ after failing to pay $40.6m coupon

February 21, 2023 Ratings agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’ after the country missed the...

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February 21, 2023 / Comments (0)

IMF assigns resident financial adviser to Bank of Ghana

February 15, 2023 The International Monetary Fund (IMF) has appointed Leonard Chumo as a financial adviser to the Bank of Ghana upon request. Funded by Switzerland’s State Secretariat for Economic Affairs...

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February 15, 2023 / Comments (0)

Ghana has expenditure deficit of $61b, while seeking $3b IMF deal

February 14, 2023 Ghana’s expenditure plan for the 2023 fiscal regime has a deficit figure of $61 billion revealing how meagre the $3 billion IMF deal could alleviate the economic woes of the country. At a...

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February 14, 2023 / Comments (0)

German Minister advocates support from Ghana’s creditors

February 8, 2023 The German Finance Minister, Christian Lindner, has called on Ghana’s international creditors to support the country’s quest to restructure its economy. That, he said, was important...

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February 8, 2023 / Comments (0)

Fitch reiterates position cedi will record strong performance in 2023

February 6, 2023 Fitch Solutions has reiterated that the Ghana cedi will record a strong performance against the US dollar in 2023. According to the UK based firm, this will come on the back of an expected...

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February 6, 2023 / Comments (0)

Domestic Debt Exchange Programme: Government exceeds 80% sign-on

February 1, 2023 The government has been able to achieve between 80 to 90 per cent sign-on to its Domestic Debt Exchange Programme (DDEP). A Deputy Minister of Finance, John Kumah announced this on an Accra...

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February 1, 2023 / Comments (0)

Deadline for Domestic Debt Exchange Programme extended to Feb 7

February 1, 2023 Government has extended the deadline for the Domestic Debt Exchange Programme (DDEP) to February 7, 2023. The Finance Ministry in a press release on Tuesday added that a new settlement date...

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February 1, 2023 / Comments (0)