Government’s bid to broaden the tax base to maximize its revenue will not yield the right results if revenue collection authorities keep to their intimidating and unfriendly approach, the Chief Executive Officer of Global Access Savings and Loans Company, Enoch Donkor has said. “When it comes to broadening tax net, I really would want government … Read more
Dr. Mark Assibey-Yeboah, the Chairman of the Finance Committee has rebuked the NDC government for failing to meet International Monetary Fund (IMF) targets aimed at ensuring macroeconomic stability. Contributing to a debate on the President’s State of the Nation Address in Parliament, the MP for New Juaben South, Dr. Mark Assibey-Yeboah enumerated missed targets which … Read more
The Senior Minister, Yaw Osafo-Marfo, has said that government and the International Monetary Fund (IMF) have reached an agreement for government to roll out its ‘one district, one factory project’ as part of the review of the Extended Credit Facility (ECF) programme. Speaking to the media in Accra, the Senior Minister said: “IMF has a … Read more
Ghana’s President Nana Akufo-Addo has taken power with ambitious plans to revive once spectacular economic growth, only to discover a $1.6 billion hole in the budget and a deficit twice as high as expected. He may have a strong sense of deja vu. The country has a vigorous democracy, with voters ready to eject any … Read more
Ghana’s overall fiscal deficit, on a cash basis, in 2016 deteriorated to an estimated 9 percent of GDP, instead of declining to 5¼ percent of GDP as envisaged under the IMF-supported program. The large deviation was mainly due to poor oil and non-oil revenue performance and large expenditure overruns the IMF has said adding that … Read more