Browsing: Economy and Finance

The recommendation aligns with a broader tax reform proposal from New Patriotic Party presidential candidate Dr Mahamudu Bawumia, who advocates a flat-rate tax as a central component of his vision for a business-friendly tax system.

According to the bank’s unaudited Q3 2024 financial statements, ADB’s profit after tax also climbed dramatically, hitting GH₵111.827 million compared with GH₵2.040 million for the same period in 2023.

“Our growth prospect remains positive,” Prof Quartey said, adding that Ghana could surpass the IMF’s latest 4% forecast with effective fiscal oversight.

This adjustment suggests a cautious pivot by insurers, responding to the DDEP’s financial impact.

If I want to drive the dollar-cedi rate to GHS 10, I can do that tomorrow.

Absa noted, is its ongoing collaboration with Women in Tech South Africa, through which it proudly sponsors the Philippi Village Learning Centre, empowering women and youth with cutting-edge digital skills.

Overall, the SB ATB trade attractiveness rankings reveal a dynamic shift in trade standings among the 10 African nations it covers, with Tanzania (moving from 8th to 4th ranking), Mozambique (4 to 3), Nigeria (6 to 5) and Zambia (9 to 8) recording improvements in their positions, while declines were recorded for Ghana (3 to 7), Uganda (7 to 9) and Kenya (5 to 6). Meanwhile South Africa, Namibia and Angola retained their rankings, at positions 1, 2 and 10, respectively.

The coalition argues that ECG’s recent engagement of Fidelity Bank as the “single account” custodian, alongside its large-scale foreign exchange transactions with the bank involving millions of dollars, should have been subjected to public procurement procedures.

Ms Awadzi emphasised that beyond encouraging women to open bank accounts, there should be incentives for them to use these accounts to grow their businesses.

The meetings deliberated on potential collaborations for Ghana’s economic sustainability, with mutual benefits for both the country and the development partner.