Business in Ghana

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Posts Tagged ‘Seth Tekper’

Single Spine Konongo Kaya. Critical News, 11th August 2013

Posted by Business in Ghana on August 11, 2013

Sydney Casely-Hayford, sydney@bizghana.com

Gyeeda.  I have offered to forward copies of the GYEEDA report I have seen and hopefully let Ghanaians get a taste of freedom to information, if it could only happen the way it is meant.  That Parliament rose to a break after not doing anything significant about our right to information is a question we should pose soon as they are back to waste more time (they said, not me).  The GYEEDA report is freely available on the worldwide web, so our President can keep his copy in the bosom of PV Obeng.  What we are asking now, is this the real deal?  I know there is a lot more on GYEEDA than I read in the “draft report” so I am NOT waiting patiently for the final version, which might never be released.  It will be another EOCO judgment debt final report.

And we are still out there borrowing money for development.  In Turkey this week, our Government is yet again lobbying outsiders for funds to build East, West corridors, and much more.  But internally, we can do more with tax collection and creative schemes.

When the Center for Democratic Development (CDD) launched its 5th Afrobarometer report, it starkly revealed that Ghanaians are very aware they have to pay taxes to support Government.  Even more importantly the survey reported that Ghanaians would willingly and unreservedly pay more tax if they could get good service from Government.  They also saw the Ghana Revenue Authority as corrupt.  The overarching conclusion is that Ghanaians are not averse to paying taxes, but they want the cedi pro quo. Read the rest of this entry »

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More Bonds Needed

Posted by Business in Ghana on November 14, 2010

Ghana’s economy is 75 percent bigger than previously calculated, the country’s Statistical Service said, slashing the relative size of the fiscal deficit and the current-account shortfall.

The West African nation’s gross domestic product this year is 44.8 billion cedis ($31.2 billion), compared with the previous estimate of 25.6 billion cedis, Grace Bediako, head of the Accra-based agency, told reporters today.

“The revisions will be a huge positive for the relative risk matrix” of Ghana, Stephen Bailey-Smith, an analyst at Standard Bank Plc in London, said in a note to clients. The changes “should foster a rating upgrade.” Read the rest of this entry »

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