“Businesses were also concerned about the effects of the third wave of the Covid-19 pandemic, particularly the success or otherwise of the vaccine rollout and the general decreased economic activity due to the pandemic.”
The rate at which banks lend to each other on emergency basis is a good indicator of liquidity levels in the money market, going up when liquidity tightens and falling when the market is flush with shillings.
The majority of organisations surveyed, especially in the banking sector, either had a fully-fledged tax function
The most relaxed region, Dubai, allows high-income earners to keep all their pay – while Italy ended up taking the biggest slice at 49%.
SOME experts have expressed confidence that the Bank of Ghana (BoG) will leave its benchmark rate, the policy rate, unchanged tomorrow (Monday) to help dampen the inflationary pressures that the new tax policies portend.
He contended that the tax was ill-timed, wrongly intentioned and targeted, saying that if implemented, it would make the local banking sector the most taxed in West Africa.