{"id":1557,"date":"2024-04-09T11:59:57","date_gmt":"2024-04-09T11:59:57","guid":{"rendered":"https:\/\/sotnews.agency\/?p=1557"},"modified":"2024-04-09T13:48:47","modified_gmt":"2024-04-09T13:48:47","slug":"i-agree-with-bawumia-that-the-future-of-the-economy-is-digitalisation-godfred-bokpin","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=1557","title":{"rendered":"I agree with Bawumia that the future of the economy is digitalisation \u2013 Godfred Bokpin"},"content":{"rendered":"
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A professor at the University of Ghana Business School, Godfred Bokpin has described the e-levy that was introduced by the Akufo-Addo administration as backward.<\/strong><\/p>\n

For him, the future of the economy and businesses is digitalization hence tax handles that affect electronic transactions should not be welcomed.<\/p>\n

\u201cI agree with Dr Bawumia that the future is digitalisation, and the future of business is digitalization so why do we introduce tax handles to affect digitralisation?\u201d he said while speaking at a national dialogue forum on the theme \u201cBuilding an economy beyond IMF bailouts, organized by Media General Incolboration with Africa Center for Energy Policy (<\/strong>ACEP) on Tuesday, April 9.<\/p>\n

Regarding the support from the International Monetary Fund (IMF), Prof Godfred Bokpin said that from all indications Ghana will go back to the Fund again after the 17th one has ended.<\/p>\n

He says the fundamental factors that result in the country going to the Bretton Woods institution for a bailout have not been tackled.<\/p>\n

He cited poor management of the public finances and corruption as some of the reasons for the economic challenges that resulted in Ghana to the Fund.<\/p>\n

\u201cIf a pregnant woman tells me she won\u2019t give birth again I will believe it but if Ghana tells me we won\u2019t go to the IMF again won\u2019t believe it,\u201d he said.<\/p>\n

\u201cOur discussions should be how do we influence expenditure under the Public Financial Management Act? How do we solve the procurement issues? About 80 percent of the large-scale contracts are done through sole souring,\u201d he added.<\/p>\n

For his part, the Executive Director of ACEP Ben Boakye asked civil society organizations (CSOs) and Ghanaians, in general, to be vigilant and ensure that the ongoing programme with the IMF works for the people.<\/p>\n

To him, playing an effective watchdog role by CSOs will ensure that the programme achieves its objective.<\/p>\n

\u201cWe must be vigilant and play the watchdog well,\u201d he stressed.<\/p>\n

\u201cWe are reaching out to everybody for us to have a conversation from the defects that keep us going back to the IMF and to ensure we can build on the economy that thrives on our efforts,\u201d he added.<\/p>\n

1st Dep Governor assures IMF team of commitment to stay within targets to sustain gains<\/a><\/p>\n\n

Regarding the IMF deal, the Minister of Finance Dr Mohammed Amin Adam earlier assured that the Ministry, the Bank of Ghana (BoG) and the IMF team had a fruitful opening meeting on Tuesday, April 2 to commence the 2nd Review mission.<\/p>\n

The mission staff from the IMF arrived in the country to commence the assessment of Ghana\u2019s performance against the program\u2019s objectives. This evaluation will span the next two weeks.<\/p>\n

\u201cThe Ministry of Finance, the BoG and the IMF team had a fruitful opening meeting to commence the 2nd Review Mission,\u201d the Ministry wrote on its X platform on Tuesday.<\/p>\n

Dr Mohammed Amin Adam earlier said said that a Preliminary assessment undertaken by the Ministry and the central bank showed that they were on course to meet most of the targets under the Programme with the\u00a0 Fund.<\/p>\n

In his first monthly press briefing on the economy in 2024, held last week, Dr Amin Adam said \u201cThe Ministry of Finance is working with the BoG in preparation for the IMF 2nd Review Mission. Preliminary assessment undertaken by MoF and BoG shows that we are on course to meet most of the targets under the Programme.\u201d<\/p>\n

\u201cDuring the 2nd Review, the IMF mission will engage the authorities in technical and policy discussions to enable them to assess Ghana\u2019s performance on programme objectives, the 6 Quantitative Performance Criteria (QPCs), the 3 Indicative Targets (ITs), 1 Monetary Policy Consultation Clause (MPCC), and the Structural Benchmarks (SBs) with respect to end Dec 2023 targets. They will also review performance towards upcoming QPCs, ITs, and SBs,\u201d he added.<\/p>\n

The finance minister emphasised that the approval of the 2nd Review by the IMF Executive Board, potentially in June 2024, will trigger the release of the 3rd tranche of US$360 million, increasing the total disbursements under the programme to US$1.56 billion.<\/p>\n

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The post I agree with Bawumia that the future of the economy is digitalisation \u2013 Godfred Bokpin<\/a> first appeared on 3News<\/a>.<\/p>

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A professor at the University of Ghana Business School, Godfred Bokpin has described the e-levy that was introduced by the Akufo-Addo administration as backward. For him, the future of the… <\/p>\n","protected":false},"author":1,"featured_media":1582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-1557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/1557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1557"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/1557\/revisions"}],"predecessor-version":[{"id":1584,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/1557\/revisions\/1584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/1582"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}