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Editorials/Opinion

Africa as a pole of global growth

As the global economy totters from crisis to anemic growth, Africa is fast becoming a magnet for investments and a safe haven for international capital. Our two institutions, the United Nations Economic Commission for Africa and the African Union Commission, are working with African policy-makers to unleash the potentials that …

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Can government of Ghana implement proposed mining taxes?

Ghana’s 2012 national budget statement and economic policy proposes to reintroduce the following fiscal initiatives into the mining sector: increase corporate tax rate from 25% to 35%; install a windfall tax of 10%; and implement a uniform regime for capital allowance of 20% for five years. The budget also seeks …

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At Davos, debating capitalism’s future

Is 20th-century capitalism failing 21st-century society? Members of the global elite debated that unusual question on Wednesday at the annual World Economic Forum. There was a time, not long ago, when such a debate would have been held only among the protesters who annually shelter in igloos farther down the …

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Vice President John Mahama lies to Ghanaians about oil monies!

In an address to Ghanaians, Vice President  John Mahama explains that continuing to subsidize oil would cost $800million given that they had budgeted for (or betted on) $90/barrel but the current market price has disappointingly turned out to be $107/barrel. There are two major contradictions (or lies, to be blunt) …

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IMANI Ghana: $3b Chinese loan no easy panacea

It is highly doubtful that, in the short term, Government of Ghana shall be able to satisfy the strict credit requirements of the China Development Bank in order to secure the entire $3 billion mentioned in the government’s framework agreement with the state-owned Chinese bank. We suspect that the maximum …

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Ghana’s mining taxes: Are they new and adequate?

Ghana’s 2012 National Budget Statement and Economic Policy proposed, among others, to bring the following changes to mining operations in the country: increase corporate tax rate from 25% to 35%; install a windfall tax of 10%; and implement a uniform regime for capital allowance of 20% for five years. It …

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On the 2012 Budget: Ghana’s manufacturing sector is failing

Ghana’s real GDP growth rate (oil & non-oil) recorded for 2011 which was 13.6per cent puts Ghana ahead of its neighbours in the regional economic bloc, Economic Community of West African States (ECOWAS) and also fastest growing economy the on the Continent of Africa. It is therefore one the most …

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Rejoinder to Herald newspaper: “Ex-GJA boss runs from ¢15 billion case”

I was astounded, and saddened, to say the least, when my attention was drawn to your front page lead story, in the issue of Monday, December 5, 2011, with the headline “Ex -GJA Boss Runs From ¢15 Billion Case”. It was glaring evidence of yet another low for Ghanaian journalism …

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