Officials of the International Monetary Fund (IMF) are expected to arrive in the country on Wednesday, July 6th to begin negotiations with the government on the bail-out the Akufo-Addo administration is seeking.
The Chairman of the Finance Committee of Parliament, Kweku Kwarteng says E-Levy will not be scraped off despite suggestions from a section of the public that Ghana’s decision to go to the IMF for a bailout would lead to the scrapping of the unpopular E-levy tax.
A Deputy Minister of Finance, Mr John Kumah has said an International Monetary Fund (IMF) programme will help the country to come out from the economic challenges faster.
The Deputy Ranking Member of Parliament’s Finance Committee, Isaac Adongo says the government’s decision not to seek an IMF bailout early enough will make its negotiations with the fund difficult.
The Economic and Organized Crime Office (EOCO) has warned that fraudsters are taking undue advantage of the exercise to link the Ghana Card to bank accounts.
The total losses to fraud suffered Banking, Specialised Deposit-Taking Institutions (B&SDI) and Electronic Money Issuers in 2021 amounted to GH¢61million as compared to GH¢25 million in 2020.
Consumers of petroleum products, can heave a sigh of relief as the price of petrol is expected to go down by about 4 percent per litre at the various pumps in the 1st pricing window of July.
The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) is pledging a capital injection of GH¢2billion from now till 2027 in support of financial institutions’ lending to players in the agricultural sector.
The issue of private-sector lending continues to remain a problem as stakeholders in the banking sector have expressed worry about the high cost of borrowing for the actors in the private sector.
Trade and Industry Minister Alan Kyerematen has asked the private sector to help government in solving the country’s troubling unemployment challenge – warning that the country is sitting on a time-bomb.
