AmCham Ghana

01 Mar

Address Economic Challenges, Outright Harassment By GRA Officials On Our Members – Bilateral Chambers Of Commerce To Government

wontumionlineBusinessAmCham Ghana, Canada Ghana Chamber of Commerce, CCI France Ghana, European Chamber of Commerce, European Chamber of Commerce in Ghana, UK Ghana Chamber of Commerce

A group of bilateral chambers of commerce have expressed worry about the threat the current economic challenges is having on the country as a leading and favorable destination for business and investment in Africa. Made up of the American Chamber of Commerce Ghana, the UK Ghana Chamber of Commerce, Canada Ghana Chamber of Commerce, CCI France Ghana and the European Chamber of Commerce in Ghana, they also want government to address the perceived predatory nature and outright harassment by Ghana Revenue Authority (GRA) officials in the conduct of audits and the resulting imposition of penalties as part of efforts to…

24 Feb

Expect More Downgrades Until IMF Deal Is Reached – Prof. Osei-Assibey

wontumionlineBusinessAmCham Ghana, fitch, imf, Prof. Eric Osei-Assibey

A Senior Lecturer at the Department of Economics of the University of Ghana, Prof. Eric Osei-Assibey says Ghana should expect more downgrades from rating agencies until a deal is reached between government and external debt holders, as well as the International Monetary Fund (IMF). Speaking to Joy Business at the American Chamber of Commerce-Ghana 2023 Economic Outlook Report, Dr. Osei-Assibey described the recent downgrade by ratings agency, Fitch on Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating to Restricted Default from ‘C’ as worrying. “This is not good but once you have this negative information coming up every now and then…