Banks will have to combine both digital and brick and mortar customer support efforts in their quest to enhance and sustain customer experience in a digital banking era, banking consultant and Chief Executive Officer of Alkan Business Consult, Alberta Quarcoopome, has said.
Ghana’s target of achieving tax-to-GDP of 20 percent by 2023 is unrealistic unless the country’s tax collection and administration is improved significantly, the Institute for Economic Affairs has cautioned.
The Finance Ministry’s bid to nearly double the amount of taxes collected over the next three years has been described as ambitious by Abeku Gyan-Quansah, a Tax Partner at PwC Ghana, the accounting and audit firm.
The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that the bank is still in talks with the Ministry of Finance regarding the deferment of interest payment of about GH¢1.2bn on some non-marketable domestic government bonds.
The shortfall in actual airport taxes realised for the first half of the year has eroded government revenue, pushing the Ghana Airports Company and other agencies that draw funding from airport tax receipts to the brink.
Finance Minister Ken Ofori-Atta has revealed that more than 64,000 small businesses have received financial support to help alleviate the economic impact of the COVID-19 pandemic.
The Ranking Member of Parliament’s Finance Committee, Cassiel Ato Forson, says continuous borrowing by government will not only increase the public debt but hurt the economy.
The mid-year budget review expected to be delivered by the Finance Minister on Thursday to the legislature does not present an opportunity to account for the Coronavirus Alleviation Programme (CAP) funds, chairman of Parliament’s Finance Committee, Dr. Mark Assibey-Yeboah, has said.
