20 articles
An advisor to the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG), Dr John Kwakye, has said that the recent Cedi appreciation is the result of a cluster of factors, many of which are calculated and enduring. He mentioned fiscal discipline, tight monetary policy, Gold Purchase Program, Gol
At a time that the government is seeking to increase the Growth & Sustainability Levy on mining companies, the Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, has described that particular tax as obsolete. He however welcomed the government’s decision to increase the
An Economist, Dr John Kwakye believes that the 18 per cent tax revenue proposal by Finance Minister-designate Dr Cassiel Ato Forson can be achieved by plugging numerous tax loopholes. Similarly, he said, it can be done through widening the tax net and transforming of tax administration. "The tax rev
The Cedi shows marginal gains against major currencies ahead of Ghana's elections, with analysts questioning the sustainability of this resurgence.
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, has called for a national dialogue on how to rescue the Cedi from further fall. Dr. Kwakye has invited all economists to offer solutions to the woes of the local currency. In a series of posts on his X page, he [&he
The Institute of Economic Affairs is calling on Parliament not to ratify the sale of Newmont’s Akyem Gold Mine to China’s Zijin Mining Group in its current form. The IEA has questioned the planned sale of Newmont’s Akyem Gold Mine to China’s Zijin Mining Group for $1 billion. According to the think-
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash re
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, has stated that the strong defense of the New Patriotic Party (NPP) economic record by Vice President Dr Mahamudu Bawumia was expected because he was touted as the “economic Messiah” by President and chaired the Eco
An economist, Dr John Kwakye, has observed that that over the years, the Ministry of Finance appears to have been increasingly headed by tax specialists and less by economic planners. He wants this narrative changed by creating a Ministry of the Economy alongside the Ministry of Finance that will be
The Bank of Ghana (BoG) must immediately reduce the policy rate because the current rate of 30 percent is not helpful to businesses, an economist, Dr John Kwakye, has said. Dr Kwakye, also Director of Research at the Institue of Economic Research (IEA), observed that no economy can thrive at the rat
Any action that is taken by the government in dealing with the power cuts in parts of the country, apart from paying the debts owed to Independent Power Producers (IPPs) to keep the lights on, will only postpone the looming energy crisis to the next administration, the Director of Research at the In
Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has warned the government against actions that can disturb the release of the second tranche of the 3 billion IMF cash. This was after he said that the Mid-Year budget review that was presented by Finance Minister Ken Ofo
The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has called for urgent interventions by the Bank of Ghana (BoG) and the Ministry of Finance to stop the woes of the Cedi. The Cedi has been reported by Bloomberg to be the world’s worst-performing currency this year as
The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said that the government is currently going through some credibility deficits. This, he said, is due to the sharp U-Turn to the International Monetary Fund (IMF) for support at a time the government had told all G
Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye has said that it is a fact that Covid-19 and the ongoing Russia-Ukraine war impacted negatively on the Ghanaian economy. Also, he said, it is a fact that the New Patriotic Party (NPP) administration inherited economic ch
Stabilizing the exchange rate in Ghana is all about export and how much is being derived from it, Director of Research at the Institute of Economic Affairs (IEA) , Dr John Kwakye has said. In his view, it is not the function of the Bank of Ghana (BoG) to control exchange rate because the central [&h
Head of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye says the decision by government to proceed to the International Monetary Fund (IMF) for a possible bailout came as a surprise to some of them. He said given the stance taken by some key government officials, it was surprising
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye has said he was surprised at the decision by the government to go to the International Monetary Fund (IMF) for assistance. Dr Kwakye who earlier advised the government against going to the IMF said the managers of th
Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has asked the government not to make any attemt to borrow from the international market to support the Cedi. In his view, borrowing will further create economic challenges for the country. Dr Kwakye was reacting to the de
Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has dismissed suggestions to the government go the International Monetary Fund (IMF) for support. He said Ghana has already been to the Bretton Woods institution sixteen times but with nothing to show for. Dr Kwakye state
