IFS sounds alarm on IMF-induced revenue mobilization strategies

By Patrick Paintsil

The Bank of Ghana has cautioned unlicensed entities that are engaged in the provision of loans through mobile applications to the Ghanaian public.

The central bank said this was in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

In a notice, the BoG said it would continue to take action against these entities in collaboration with relevant state agencies to promote the integrity of nancial service delivery.

“The general public is therefore advised to desist from doing business with all unlicensed loan pro-

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Economic policy think tank Institute for Fiscal Studies (IFS) has blown the whistle on government’s tax-laden domestic revenue mobilization approach under the three-year extended credit facility-supported programme with the International Monetary Fund (IMF) saying it is inimical to private sector growth and a drawback to the