Graphic Business/Stanbic Bank Experts discuss ways to fix domestic revenue mobilisation challenges on Tuesday
Leading members of the business community and policy makers on the economy will converge on the Labadi Beach Hotel on Tuesday, February 18, 2020 to discuss ways of fixing the country’s domestic revenue mobilisation challenges.
Experts in the field have been selected as panel members to lead the discussion on the subject at the first Graphic Business/Stanbic Bank Breakfast meeting for the year.
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To be held on the theme “Breathing a new lease of life for our economy: Fixing the revenue-income conundrum,” the forum will discuss pertinent and critical issues that confront the Ghanaian economy.
Speakers at event include the Resident Representative of the International Monetary Fund (IMF), Dr Albert Touna-Mama, who will speak on ways to create fiscal space.
The Vice-President of IMANI Africa, Mr Kofi Bentil, will speak on realigning expenditure priorities while a Partner at PwC, Mr Abeku Gyan-Quansah, will touch on innovative ways to increase revenue.
Reason for the theme
The Editor of the Graphic Business, Mr Theophilus Yartey, said the theme for this quarter’s meeting was chosen because of the peculiar nature of the Ghanaian economy, especially because it is typically characterised by budget deficits particularly in election years.
He said it was important to note that the structure of the economy regarding government’s expenditure and revenue pattern “leaves very little room for capital expenditure because of the revenue shortfall.”
According to him, capital expenditure was, therefore, critically needed to ensure increase in productivity in all sectors for accelerated and sustained growth and development of the Ghanaian economy.
About breakfast meeting
The quarterly breakfast meeting is a thought leadership forum that discusses very pertinent and critical issues affecting the various sectors of the economy.
It discusses issues of monetary and fiscal policies, pensions, agriculture value chain, national equity fund for SMEs, deposit insurance, among others.
The aim of the forum is to collate ideas and recommendations that can inform and influence policy in an impactful way to yield real dividends for the various economic actors including individuals, businesses and the country as a whole.
Captains of industry, chief executives of banks and other financial institutions, the top hierarchy of the central bank, policy makers, ministers of state, Members of Parliament, economists, the academia and civil society organisations have always participated in the discussions.