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Tag Archives: Dr. Lord Mensah

Menzgold customers do not need compensation – Dr. Lord Mensah

Dr Lord Mensah - Lecturer, University of Ghana Business School

Economist, Dr. Lord Mensah has kicked against any form of compensation for embattled customers of gold dealership company, Menzgold. He explains that such a support is likely to encourage other forms of financial activities that breach the country’s financial laws. Dr. Lord Mensah’s comments come in the wake of recent calls by customers of Menzgold to be relieved of their plight. ...

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Avoid hasty tax policies with rebased economy – Economist

Economist Dr. Lord Mensah

Economist, Dr. Lord Mensah has called for a count by count assessment of all sectors of the economy before undertaking any tax reform following the rebasing of the economy. According to him, such a move will make up for the shortfall in revenue generation. The Ghana Statistical Service recently announced that the economy had expanded by 32.4 % following the ...

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Classify $2bn bauxite barter deal as a loan – Dr. Lord Mensah

Economist Dr. Lord Mensah

Economist Dr. Lord Mensah has backed calls seeking that Ghana’s $2bn bauxite agreement with China, be classified as a loan. His view follows the Minority in Parliament’s move to petition the International Monetary Fund (IMF) on the matter. The side is seeking that the Fund determines to decide whether the 2 billion dollar Chinese deal agreed by the government in ...

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Compliance level for banks’ recapitalisation risky – Economist

Economist Dr. Lord Mensah

Economist, Dr. Lord Mensah has described as quite disappointing, the number of banks that are yet to meet the minimum capital requirement. According to him, the development shows how most of the banks are struggling to meet the deadline by end of year [2018]. “It is quite disappointing because banking operations is basically sourcing for funds and uses of funds,” ...

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Gov’t, poor credit practices cause of high NPLs – Economists

debt npl

Some Economists have attributed the continuous rise in Non-Performing Loans (NPLs) in the banking sector to poor credit risk practices on the part of banks. In their opinion, credit to businesses in the country will continue to be high if the banks fail to do due diligence when giving out credit. The comments follow the latest Bank of Ghana report ...

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PFMA to tame excess borrowing – Economist

debt

Some Economists have told Citi Business News they expect the Public Financial Management Act (PFMA) to restrict government’s future borrowing to specific needs. According to Lecturer at the University of Ghana Business School, Dr. Lord Mensah, this should regulate spending and avoid budget overruns. The comment follows the formulation of regulations to guide the implementation of the PFMA. This also ...

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‘Reduced’ policy rate not good for businesses – Economist

Economist Dr. Lord Mensah

Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the policy rate. Though he has lauded the Bank of Ghana (BoG)’s decision to reduce the rate, he describes the figure as marginal. According to Dr. Lord Mensah, businesses must therefore be guarded in their expectations of a reduction in interests charged on ...

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MPC announces policy rate today

Bank of Ghana

The Monetary Policy Committee (MPC) of the Bank of Ghana will announce its policy rate today as it concludes its 72nd regular meeting for this year. Today (Monday)’s media briefing on the policy rate which will be addressed by the Governor of the central bank, Dr. Abdul Nasir Issahaku, is among other things expected to address some major issues affecting ...

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