Deputy Finance Minister, John Kumah has said that the GH₵100 limit for the e-levy is meant to protect the poor and vulnerable in society. According to Dr. John Kumah, the Ministry conducted a survey, the outcome of which informed the decision to exempt transactions up to GH₵100 from the levy.

News from the world of business.

News from the world of business.

News from the world of business.

News from the world of business.

News from the world of business.

Former Finance Minister, Seth Terkper, is charging government to take debt repayment very seriously since any delay would further increase interest costs on loans and escalate the country’s debt burden.

Ghana’s economic outlook will remain negative until the fiscal economy which will be reviewed alongside its Sovereign Credit Rating in the first quarter of next year improves, Fitch Ratings has said in its latest report on Sub-Saharan Africa Sovereign Credit Overview. This is coming few days to the presentation of the 2022 Budget, in which investors, analysts and market watchers are keenly watching and waiting for economic policies that will help stabilise the economy.

Ghana is jointly ranked 12th with Madagascar, out of 50 countries on the African continent with the high mortgage interest rate in acquiring a house, the 2021 Centre for Affordable Housing Finance in Africa Report has revealed. This is coming despite the cost of a standard 2 bedroom house in Ghana is about $30,000, and as a result places the country in the 23rd position with the cheapest price of housing on the continent.

Government could turn to the Bank of Ghana for financing if it fails to enter the international capital market next year to issue a Eurobond, international research institution, REDD Intelligence has said. This is coming despite the Governor of the Bank of Ghana, Dr. Ernest Addison, ruling out provision of more loans to the government to help narrow the budget shortfall, saying, it would put exchange rate stability at risk.