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Finance
BoG Governor: Pressures on economy fueling cedi depreciation
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said, several factors account for the depreciation of the local currency.
He, therefore, attributed the depreciation of the…
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Domestic Debt Exchange is worse than a 100% haircut on principal
On Monday, 5th December 2022 the Republic of Ghana announced that it was inviting eligible bond holders to exchange approximately GHS137.3 billion of domestic bonds for a package of new…
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GRA defends GH₵8.2bn tax bill issued to MTN Ghana
The Ghana Revenue Authority (GRA) says it followed due process in serving a notice of tax assessment on MTN Ghana.
It said it had also engaged MTN Ghana as required by law to ensure…
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Individual bondholders risk losing 88.2% of investments
at current inflation rate and it will affect 1.3m livelihoods-Forum
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Public sector workers get 30% base pay increment for 2023
Government has agreed to increase the base pay on the Single Spine Salary Structure by 30% for all public sector works.
This comes after several negotiations it had with Organized…
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Individual bondholders told to ditch Domestic Debt Exchange
The Ghana Individual Bondholders Forum (IBF), a group of voluntary bondholders, has appealed to individual bondholders to reject and refrain from complying with the mandatory deadline…
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E-levy: Convert MoMo accounts into bank accounts
And slap 5% turnover tax on account holders without TIN
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Ofosu-Dorte calls for upper limits law on taxation, borrowing
Lawyer David Ofosu-Dorte, Chairman of AB & David Africa is calling for laws to impose limits on government borrowing as well as imposing upper limits beyond which government cannot…
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Debt exchange targets 80% of eligible bonds, ropes in individuals
Government has modified the GH₵137.3 billion domestic bond exchange programme to include individuals, as part of efforts to restructure its debt.
Other modifications to the debt…
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Domestic Debt exchange: deadline extended, terms amended
Government has announced a further extension of its Domestic Debt Exchange expiration date to January 16, 2023.
The terms of the Domestic Debt Exchange have also been amended.…
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