What an IMF Program Means to the Government of Ghana


On Friday July 1, 2022, the president of Ghana authorised the finance minister Ken Ofori-Atta to commence formal engagement with the International Monetary Fund (IMF), inviting the Fund to support an economic program put together by the Government of Ghana. We, at Tesah Capital, expect the government to request for an Extended Credit Facility (ECF) […]
Artificial Intelligence and Machine Learning for Operational Excellence in Business: The Role of the Board of Directors


This article discusses how businesses can incorporate artificial intelligence and machine learning into their operations to improve business performance taking into consideration the role of the Board of Directors. What is Corporate Governance and the Role of the Board? Corporate governance refers to how companies are directed and controlled. The Board of Directors is at […]
Monetary policy rate must go up to deal with rising inflation and depreciation of the Cedi


The 105th Monetary Policy Committee (MPC) meetings of the Bank of Ghana, will now take place a week earlier than scheduled, starting from Wednesday, March 16, 2022, to Friday, March 18, 2022. The Governor of the Bank of Ghana is therefore expected to address the press on Monday, March 21, 2022. In the last MPC […]
Budget 2022 and Ghana’s Public Debt: The Effect of E-Levy on Debt Sustainability


In the previous two parts of this essay, I discussed the governments plan to achieve debt sustainability by 2025 and the realism of this plan. Crucial to the plan is realising “oil discovery-like” change in revenue. I also argued that the plan is unrealistic, and the government of Ghana is likely to request for an […]
Budget 2022 and Ghana’s Public Debt: The Realism of the Plan to Achieve Debt Sustainability


In the first part of this essay, I discussed the government of Ghana’s path to achieving debt sustainability by 2025 as presented in budget 2022. Crucial to the path is realising “oil discovery-like” change in revenue. In this part of the essay, I will discuss how realistic budget 2022 is in achieving less than 70% […]
Budget 2022 and Ghana’s Public Debt: The Plan to Achieve Debt Sustainability


Ghana’s parliament approved the 2022 budget on November 30th, 2021, reversing an earlier rejection by opposition lawmakers after MPs from the majority side staged a walkout. Budget 2022 has been the most contentious in recent history. At the center of the contention is the new 1.75% levy on all electronic transactions including mobile money (Momo) […]
Tesah Capital sets up investment funds for KETASCO NSMQ finalists


Tesah Capital has set up investment accounts for finalists of National Science and Maths Quiz (NSMQ) from Keta Senior High School. The three contestants, Bright Senyo Gadzo, Francisca Lamini and James Lutterodt beat all odds to establish KETASCO as one of the most successful at the just ended 2021 NSMQ, being the first Volta-Oti team […]
2022 Budget: Projected 42.9% increment in revenue necessary for debt sustainability – Tesah Capital


Asset management company, Tesah Capital, has described as bold and necessary for debt sustainability, government’s plan to raise GHS100.5 billion in total revenue for the 2022 fiscal year. Tesah Capital notes the projected revenue which represents a 42.9 percentage points increment (GHS30.5 billion) on the 2021 revenue outturn of GHS70.34 billion will increase the revenue […]
Monetary Policy Update: Bank of Ghana increases policy rate to 14.5% in response to elevated inflationary risks


The monetary policy committee (MPC) of the Bank of Ghana (BoG) on November 22,2021 decided to increase the policy rate by 100 basis points to 14.5%. The decision at the just ended 103rd MPC meeting is the first monetary policy rate (MPR) increase since November 2015. In the MPC press release, they attributed the decision […]