The Institute for Statistical, Social and Economic Research (ISSER) has called on the government to develop a strategy to reduce the debt stock to sustainable levels. The research institute of the University of Ghana said with debts hitting GH¢296.1 billion, equivalent to 76.1 per cent of gross domestic product (GDP) in December last year, the […]

Finance Minister-designate, Ken Ofori-Atta The banking sector cleanup that was undertaken by the government of Ghana did not target any individuals, Finance Minister-designate Ken Ofori-Atta has said. According to him, it was done without malice and in good faith. Some nine local banks, 23 savings & loans companies, 347 microfinance institutions, 39 finance houses and […]

Government has been advised to automate toll booths in Ghana Director of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey has called on the government to limit human contact in the country’s revenue mobilization by introducing automated and computerized tax collection systems. According to him, human […]

Finance Minister-designate Ken Ofori-Atta The Minister-designate for Finance, Mr Ken Ofori-Atta , has refuted claims that Ghanaian taxpayers are worse-off today because the Akufo-Addo-led administration has imposed so many taxes on them. Responding to questions before the Appointments Committee of Parliament, on Friday, on the second day of his vetting, Mr Ofori-Atta stated that a […]

Chief Executive Officer of the Ghana Bankers Association, John Awuah The Chief Executive Officer of the Ghana Bankers Association, John Awuah has disclosed that no consultation whatsoever was made with the banks before the government imposed the 5% Levy. “We are not going to war with them at the end of the day we must […]

THE government plans to procure eight fishing vessels to utilise the special zone of deep sea resources as one of the key steps to revive the Tanzania Fisheries Corporation (Tafico). Speaking in Dodoma after a fisheries stakeholders’ roundtable meeting with financial institutions, the Permanent Secretary in the Ministry of Livestock and Fisheries in charge of […]

Chandigarh, Feb 3 (PTI) In a relief for distressed farmers, Punjab State Cooperative Agricultural Development Bank on Wednesday launched a loan restructuring scheme, whereby defaulting borrowers can repay in easy instalments. Punjab Cooperation Minister Sukhjinder Singh Randhawa said the bank has launched a loan restructuring scheme for the defaulting borrowers who could not pay their […]

In a relief for distressed farmers, Punjab State Cooperative Agricultural Development Bank on Wednesday launched a loan restructuring scheme, whereby defaulting borrowers can repay in easy instalments. “The Bank has launched a loan restructuring scheme for the defaulter borrowers who could not pay their installments in the past few years because of their distressed financial […]