Gov’t Has Failed To Properly Account For Oil Revenues — Seth Terkper

Former Finance Minister, Seth Terkper says government has failed to properly account for oil revenue generated since it came to power. Speaking on the 2020 Budget Statement and Economic Policy that was presented to Parliament Wednesday, he stated that the…

Gov’t Grabs US$250m World Bank Cash For National Development Bank In 2020

The National Development Bank is expected to commence operations next year to provide access to cheaper and long-term funding to some key companies operating in the agriculture and manufacturing sectors. The Finance Minister delivering the 2020 budget statement to Parliament…

Parallel Wireless Helps To Deliver On MTN OpenRAN Vision 

NASHUA, N.H. – November 12th, 2019 – Parallel Wireless, Inc., the leading U.S.-based OpenRAN company delivering the world’s only software-defined end-to-end OpenRAN solution for coverage and capacity, today announced that MTN, one of the largest telecommunications companies in the world,…

SSNIT Committed To Paying Past Credit

The management of the Social Security and National Insurance Trust (SSNIT) says it is fully committed to paying all Past Credit based on an agreement reached by the Ministry of Employment and Labour Relations, the Ministry of Finance, the National…

Analysis On Ghana’s Tax Structure And The 2020 Budget

Finance Minister Ken Ofori-Atta has hinted that, among other policies, a key element of the 2020 budget to be presented in Parliament today Wednesday, will be reforms in the country’s tax structure. Government boost private sector growth with the review…

Free Zones Board Boss Worried Tight Tax Exemption Could Scare Investors

The Chief Executive Officer of the Ghana Free Zones Authority (GFZA), Michael Okyere Baafi, has warned that any attempt to review Ghana’s tax exemption laws to make it tighter could incite investors to leave the country. The Institute for Fiscal…

BoG Gets $71.5m In Bids For Third Forward Forex Auction

The Bank of Ghana (BoG) has received $71.5 billion in bids from dealers, businesses and banks that participated in its third forex forward sale. This means the Central Bank got more in bids than the $25 million that it was…

Checks Highlights Of 2019 Budget

In November last year, this same Finance Minister Ken Ofori-Atta presented the 2019 Budget and Financial Policy Statement that highlighted key projects and interventions intended to improve infrastructural development and better the lives of Ghanaians. He also announced plans to…

New Market Borrowing Guidelines Launched

Mr Ken Ofori-Atta (right) shaking hands with Dr Ernest Addison as Vice-President Dr Bawumia looks on at the ceremony Vice-President, Dr Mahamudu Bawumia, has launched guidelines for the Global Master Repurchase Agreement (GMRA) and the Ghana Fixed Income Market (GFIM)…

[List] Designated CBG Branches To Validate Claims Of Collapse Fund Management Firms

The Securities and Exchange Commission (SEC) has appointed the Consolidated Bank of Ghana Limited (CBG) to validate claims of affected customers of the 53 Fund Management Companies (FMCs) whose licences have been revoked. The validation process is expected to start…