Bank of Ghana Governor, Dr. Ernest Addison, has expressed commitment to restoring order and bringing stability to the country’s foreign exchange market through stringent measures.
Month: October 2022
The Association of Ghana Industries (AGI) has expressed its readiness to support President Nana Addo Dankwa Akufo-Addo to steer the country from the current economic stress.
The Bank of Ghana is scheduled to engage managers of commercial banks and forex bureau operators today as part of measures to halt rapid depreciation of the cedi and also curb the undue speculation on forex rates in the country.
The government says it is working to reach a Staff-Level Agreement with the International Monetary Fund (IMF) for a support programme by the end of this year.
A Tax Policy Expert, Mr Alex Ampaabeng, has proposed to the government to impose a 40-per cent income tax on individuals who earned above a cedi equivalent of $4000.00 monthly.
The Coalition for Cocoa Sector Reforms (CCSR) GH has called on the government through COCOBOD to reconsider the 2022/23 producer price announced to avoid the negative impact the new GH¢800.00 per bag of cocoa beans will have.
If steps are not taken to curb the rampant increase in the prices of fuel at the country’s filling stations, the Chamber of Petroleum Consumers Ghana (COPEC) predicts that fuel prices could reach GHS18 per litre by the end of the year.
88% of Small and Medium Scale Enterprises across the country do not have international certification to take advantage of the African Continental Free Trade Area (AfCTFA).
The Controller and Accountant General’s Department (CAGD) staff across all sixteen regions of Ghana are threatening to withdraw validation services to public sector workers and subsequently boycott the forthcoming production of third quarter national accounts of the Consolidated Fund, over nonpayment of Special Duty Allowance (SDA) and other administrative issues.
Finance Minister to preside over Ministerial Dialogue of Economies Most Vulnerable to Climate Change
Finance Minister Ken Ofori-Atta of the Republic of Ghana will preside over the V20 Ministers of Finance Annual Dialogue IX this coming Sunday, 16 Oct 2022.
Deputy Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, says the Ghanaian Small and Medium Enterprises (SMEs) sector is the solution to the economy’s sustainability.