The Finance Minister, Ken Ofori Atta, will today October 28 present to parliament the Expenditure in Advance of Appropriation for January 1, 2021, to March 31, 2021.
A survey conducted by the Africa Business Panel, a market research firm, has revealed that only 3 percent of business professionals in Ghana fear the company they work for will not survive the Covid-19 crisis.
The International Monetary Fund (IMF) is predicting that Ghana’s fiscal deficit will reach 16.4 percent of GDP this year, the largest in the country’s history.
Minister of Finance Ken Ofori Atta will present a budget to parliament on government's expenditure for the first three months of 2021 on Wednesday, October 28.
UK Export Finance, UKEF the UK government’s export credit agency, has placed its market risk appetite for Ghana at £1.5bn, which should support more investment and trade between the two countries, the West Africa regional representative of UKEF, Steve Gray, has said.
Ghana’s non-traditional exports, NTEs to the ECOWAS market increased by 12.8 percent in 2019, data from the Ghana Export Promotion Authority, GEPA have revealed.
Producer inflation for September 2020 inched upwards slightly to 9.6 percent, following a drop to 9.0 percent recorded in the previous month, new data from the Ghana Statistical Service (GSS) has shown.
Under the government’s National Mortgage Scheme, mortgage rates have been reduced by over 60 percent, affording low-income workers the opportunity to acquire their own homes, the Ministry of Finance has stated.
Customs duties on trading within Africa will be reduced from next year onwards when the African Continental Free Trade Area (AfCFTA) agreement comes into force on January 1, 2021.
Notwithstanding improvements to Ghana’s credit referencing system, the central bank has indicated that some financial institutions have refused to subscribe to credit bureau services, contrary to the Credit Reporting Act 2007 (Act 726).