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Economist proposes alternative strategies for BOG to grow the economy

BoG maintains policy rate at 30%

By: Roselyn Gayaglo  An Economist and Professor of Finance,  Professor Godfred Bokpin has advised the Bank of Ghana to consider alternative strategies to strengthen the economy, rather than relying on measures like the mopping up of excess liquidity, which incurs additional costs for banks.  In an interview with Business News he explained that fluctuations in […]

Mid-year Budget Review: Government pledges no new taxes; experts push for streamlining

Mid-year Budget Review: Government pledges no new taxes; experts push for streamlining

The government says it will not introduce new taxes or a supplementary expenditure in today’s review of the 2024 budget, which will be presented to Parliament. Rather, implement measures to make Ghana’s tax regime fit-for-purpose to engender compliance and increase domestic revenue. Dr Alex Ampaabeng, a Deputy Finance Minister, said this at the launch of […]

Kwaku Kwarteng chairs new Economy Committee in Parliament

The Member of Parliament for Obuasi West, Kwaku Kwarteng has been moved to chair the newly created Economy Committee of Parliament. Kwarteng was the chair of the Finance Committee of Parliament but the Majority Leader in Parliament, Alexander Afenyo-Markin, announced on Friday that the majority caucus has moved him to chair the new committee on […]