Professor Steve Hanke has rejected Databank Research’s projection that the cedi will stabilise against the dollar and other major currencies in the coming weeks
Professor Steve Hanke has rejected Databank Research’s projection that the cedi will stabilise against the dollar and other major currencies in the coming weeks
The Ghana Revenue Authority (GRA) has blamed reports of wrongful and illegal deductions during the first day of the E-Levy implementation on technical hitches.
MTN Ghana and Vodafone Ghana have announced significant progress with plans for a national roaming service between their networks, starting in the Volta Region.
Ningo Prampram legislator, Sam Nartey George, has listed five technical reasons to support his view that implementing the E-Levy from May 1 is not possible.
UK-based Economist Intelligence Unit (EIU), a global economics analyst, has predicted that the Ghana cedi will depreciate to GH¢7.87 to $1 by end of this year.
Ghana's March 2022 inflation figure rose to19.4% driven significantly by high transport fares, and fuel and food prices, the country's highest in 13 long years.
As the May 1, 2022, E-Levy implementation date approaches, the Ghana Revenue Authority (GRA) has released a list of four institutions to charge the 1.5% tax.
The Finance Ministry has indicated it will borrow GH¢4.59 billion in new loans from April to June ths year to finance some projects outlined in the 2022 budget.
The passage of the E-Levy on Tuesday March 29 and recent austerity measures announced by the finance minister have boosted investor confidence in Ghana's bonds.
Seasoned economist, investment consultant Kwame Pianim has said Ghana's economy was very troubled and the economic environment was not an enabler of investment.
Economy
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