11/08/2023
Warning over Eskom debt bailout – new rules, new problems
Amidst the utility’s dire financial performance, Godongwana announced in the February Budget that R254 billion would be given to Eskom as debt relief over the medium term.
11/08/2023
Amidst the utility’s dire financial performance, Godongwana announced in the February Budget that R254 billion would be given to Eskom as debt relief over the medium term.
11/07/2023
This tightening of financial conditions adds to the expectations that the US has seen its last interest rate hike, weighing on the greenback.
11/07/2023
Finance Minister Ken Ofori-Atta is expected to present the country’s 2024 budget statement next week, November 15.
11/07/2023
All payments made to international bodies are centralised at the National Treasury, with ministries forwarding invoices for their subscriptions.
11/07/2023
In Ghana, the lack of a regulatory body to manage the real estate industry has stifled the formal establishment of the sector over the past decade.
11/03/2023
Commentators pointed out that this requirement would be administratively cumbersome and potentially unenforceable.
11/03/2023
Responding to questions in Parliament this week, the president said that the Reserve Bank’s mandate is set out in section 224 of the Constitution, and it is successfully pursuing it.
11/02/2023
Revenue collections have also underperformed significantly, with tax coming in close to R57 billion lower than anticipated.
11/02/2023
“The total facility of the projects and programmes under the borrowing plan is 7,864,508,559 dollars and then in Euro, 100 million euros respectively.”
11/02/2023
Other reforms included in Godongwana’s address are improving the legislative environment in areas such as financial management and financial governance.
11/01/2023
The other component recognizes the paramount importance of the private sector in the green and digital transition.
10/31/2023
Nigeria's cabinet has approved the sum of $2.77 billion
10/26/2023
The grant will be implemented in four regions
10/26/2023
Due to the magnitude of the reform and the desire to ensure that when implemented, the system operates as seamlessly as possible
10/26/2023
Chief finance officer Yusuf Omari has been added responsibility to provide oversight of the bank’s treasury, strategy, transformation and sustainability functions.
10/25/2023
Although Ramaphosa previously said that lifestyle audits could be a key tool in tackling corruption, the process is yet to find anything of note.
10/25/2023
Specifically, the telecommunication operators complained that the sector was one of the most taxed in the country with over 40 taxes directed at telecom firms.
10/25/2023
Other members of the panel were P. A. Olayemi, Babatunde Sobamowo, Samuel N. Ohwerhoye and Terzungwe Gbakighir.
10/24/2023
Microfinance banks have been drifting into the loss-making territory between 2016 and 2022
10/24/2023
Others are the Financial Sector Ombudsman and the Financial Sector Tribunal.