The Ghana Statistical Service revealed on Wednesday that Ghana’s economy experienced a 2.9% growth in 2023, marking a decline from the 3.8% growth seen in 2022. Highlighting the specifics, the Statistical Service noted that the final quarter of 2023 showcased the highest real GDP growth rate at 3.8%, mirroring the growth rate observed in the […]
The International Monetary Fund (IMF) has given thumbs up to the country’s recovery, saying growth this year has proved more resilient than initially anticipated. “Although all the challenges are not going to be solved overnight, and there is still a lot of work ahead, what makes us very optimistic is that these actions are already […]
Ratings agency, Standard and Poor’s Global Ratings (S&P), has maintained the country’s creditworthiness score at ‘B’ negative and ‘B’ over its solid growth prospects in the short to medium term. The agency also left the outlook at stable, saying that it was convinced that measures put in place to arrest the debt growth would yield […]
The country’s total debt stock has now hit GHS200 billion as at the end of May 2019. This was contained in the Bank of Ghana’s summary of financial and economic data that reviewed the health of the economy. Details of the debt numbers The new debt stock figure means that since May 2018 the total debt stock […]
Professor of economics and finance, Godfred Bokpin has stated that tax revenue can be increased from the GH₵37.8 billion collected in 2018 to a whopping GH₵89 billion annually if government rationalises the many tax exemptions that are granted multinational companies operating in the country. He said the GH¢89 billion in taxes would mitigate the debt-to-Gross […]
By Elvis DARKO, Accra Ghana is among eleven countries labeled as at high risk of debt distress in Africa. Ghana’s Public debt stock as at the end of 2018 stood at GH₵173.2 billion, according to the Summary of Economic and Financial data of the Bank of Ghana. High risk of debt distress The Economic Commission […]
New Patriotic Party (NPP) strongman, Gabby Asare Otchere-Darko is advocating tax compliance at the right rates in order to ensure a prosperous Ghana. He said ‘’we must begin as a nation to focus on the issue of how we can all pay our taxes, at the right rates (even if lower but wider), so that […]
