The IMF fiscal targets require Ghana to reduce the deficit by cutting subsidies, decreasing the bloated public sector wage bill, strengthening revenue administration, boosting tax revenues, and improving the health of Ghana’s banking sector. Priorities for the new administration include rescheduling ...
The average inflow of FDI from 2010 to 2018 was about USD 3.1 billion, accounting for 6.75% of the country's GDP. In 2018 alone, MNEs contributed Ghanaian cedis (GHS) 7.5 billion (equivalent to USD 1.6 billion) in tax, amounting to approximately 62% of total domestic revenue (Ghana ...
Challenges for large-scale investment in agribusiness start with the difficulty in finding enough land to grow fruit in a vertically integrated operation. Land ownership is fragmented and culturally sensitive in Ghana, as well as elsewhere in sub-Saharan Africa. Pile, and others who have managed to...
Gross primary school enrollment ratio in Ghana 2008-2021 + Politics & Government Government spending on education a share of GDP in Ghana 2008-2022 Access all statistics starting from$1,788 USDyearly* * For commercial use only Basic Account ...
ACCRA, Aug. 7 (Xinhua) -- Government of Ghana seeks to pass a law that will limit annual fiscal deficit to Gross Domestic Product (GDP) ratio to five percent, Senior Minister Yaw Osafo Maafo disclosed here on Monday. Opening the Ghana Economic Forum, the Senior Minister, who is the mos...
Ghana imports a more significant share of its energy needs. Due to this occurrence, Ghana continues to maintain a negative current account (% GDP), which increased from −2.73% in 2019 to −3.04% in 2020, mainly driven by sluggish oil production, cocoa production, and higher energy import...
thereby stimulating sustainable development. Moreover, the government can boost ecological quality in the country by advocating for the adoption of environmentally friendly technologies in all establishments. This objective can be achieved if the government gives incentives like tax rebates to local entities...