Wednesday, February 8, 2023
Why is Ghana where it is now? How did we get here and why? Was our present situation caused by the rise in the rate of the almighty dollar? Did we borrow too much of it, swelling our debt to an unsustainable level? Did the lack of the Eurodollar...
Government has extended the Domestic Debt Exchange Programme (DDEP) for a final time to make way for all stakeholders to participate in the programme, based on the ‘last leg’ amendments. The Ministry of Finance, in a statement, mentioned these amendments have necessitated a final extension of the deadline from January...
The Ghana Revenue Authority (GRA) has revealed that some leading shopping malls and eateries are duplicating electronic VAT serial numbers in an attempt to evade tax. The Head of Accra Central Enforcement Area-GRA, Joseph Annan, speaking to the B&FT in Accra after a visit to some retail departmental shops said:...
Business sentiments at the end of 2022 showed signs of recovery, leading to increased optimism in the economy - largely on the back of cedi-stability at the time, along with the staff level agreement (SLA) with the International Monetary Fund (IMF). The Bank of Ghana’s latest survey is consistent with...
It is beyond doubt at this point that Ghana Government’s efforts through the Ministry of Finance to convince holders of government bonds to buy into the Domestic Debt Exchange Programme (DDEP) has run into challenges and the earlier these are addressed, the better for everyone. The purpose of this...
Economic targets of US$8.7 trillion over the next decade Agenda aims to double the size of Dubai's economy and consolidate its position among the top 3 global cities The new Dubai Economic Agenda includes 100 transformative projects ‘D33’ aims to double the emirate’s foreign trade to USD 6.9...
Decisions to bridge inflation target gap Anticipates return to target band in 4 to 5 years Cost of borrowing to go up The Monetary Policy Committee (MPC) of the central bank has further raised the policy rate by 100 basis points to 28 percent from 27 percent, in an...
When you drive through the city, you cannot fail to notice the number of construction projects going on in Accra. With each year the designs get more interesting due to some fantastic work by indigenous Ghanaian architects. While that is exciting, it is even more delightful to learn that...
Both at the individual and institutional level, debt can be a powerful instrument for good or bad effects. States rely on borrowed funds to build or repair vital infrastructure aimed at improving quality of life and to spur economic growth. All over the world, long-term debt - bonds maturing...
Following the successful finalisation of agreements between government and key bondholders - the Ghana Association of Bankers (GAB) and Ghana Insurers Association (GIA) - regarding their participation in the debt exchange programme, analysts are predicting a stable outlook for the cedi. This will be a major boost for businesses and...
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