The recently outdoored GH¢100bn COVID-19 Alleviation and Revitalisation of Enterprises Support (CARES) programme should be fully funded from domestic sources, economist and lecturer Dr. Raziel Obeng-Okon has said.
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.