A staff-level agreement (SLA) has been reached between government and the International Monetary Fund (IMF) about economic policies and reforms that will be backed by a new three-year Extended Credit Facility (ECF) arrangement, worth around US$3billion or SDR 2.242billion.
Although the SLA won't become legally enforceable until it has gained...
…due to favourable interest rates
Activities across the local debt market are at an all-time high as investors shift attention from equities on the back of rising inflation and interest rates, the latest fixed income report has shown.
Currently, across the medium to long term, securities on the market...
The inflation rate has decreased significantly, to 45 percent in March 2023 from the rates recorded for January and February 2023, which were 53.6 percent and 52.8 percent respectively.
Despite the drop, inflation is still four times higher than the Bank of Ghana's (BoG) upper policy target of 10 percent.
According...
Fiscal Gap Created by the COVID-19 Pandemic
In his fourth address to update Ghanaians on the country’s responses to the Coronavirus pandemic the President directed the Finance Minister to prepare for approval by Parliament, a Coronavirus Alleviation Program (CAP) to address the disruption of economic activities, hardship of the...
Countries may ban the exportation of certain commodities from time to time. It is not an altogether uncommon thing to do, and it may occur for several different reasons.
The length of time a commodity may remain banned is entirely relative to the reason or reasons it was banned for,...
The Gentlemen’s Salon at Kempinski Hotel Gold Coast City Accra is a tribute to the art of grooming. The #KempinskiAbranti3 campaign honours the modern gentleman who appreciates quality, elegance, and excellent service. As Ghana’s only 5-star hotel, Kempinski Hotel Gold Coast City offers an unmatched luxury grooming experience.
Located on...
cedi not out of trouble
The nation's gross reserves are expected to experience potential growth following approval and funding received from the International Monetary Fund (IMF) for a US$3billion Extended Credit Facility (ECF) arrangement.
According to the Bank of Ghana's summary of economic and financial data, there was a...
…as Africa loses US$80bn annually
The surest way to curb illicit financial flows (IFF) and its repelling effect on the economy is to ensure strict enforcement of laws and quality data accessibility, researchers have advocated.
Following findings of a study that looked into illicit financial flows in the gold and cocoa...
The discovery of gas resources in abundance and efforts to invest in the necessary infrastructure will guarantee the power sub-sector’s future in the medium-term, while ongoing investments in nuclear and clean energy will ensure the economy enjoys reliable and cheaper power in the long-term, Minister of Energy Peter Amewu...
Consumers will soon have to pay more than the current average pump price of GH¢4.01 per litre for fuel, the Institute of Energy Security (IES) has predicted, citing a surge in prices on the international market.
The energy think-tank believes that the national average price of Gh¢4.01 per litre for...