Bank of Ghana (BoG) Governor Dr. Ernest Addison has expressed confidence regarding the economy’s outlook going into 2024.
Highlighting his optimism, the Governor said he expects “significant improvement in the operating environment for businesses” next year.
Speaking at the BoG’s end-of-year cocktail event, Dr. Addison affirmed the policy mix under the...
Consumer inflation saw a significant drop in November 2023 - dropping to 26.4 percent from the previous month's 35.2 percent. The 8.8 percentage point decline falls in line with market forecasts, providing a welcome respite amid high and persistent inflation rates.
This remarkable downturn comes as a favourable outcome -...
Oxford Business Group (OBG) and Koranteng & Koranteng Legal Advisors have formalised a strategic collaboration aimed at unveiling a comprehensive insight into Ghana's legal framework in The Report: Ghana 2024. This partnership signifies a concerted effort to provide investors, policy-makers and businesses with essential insights into Ghana's evolving legal...
…as GIPC Club 100 Awards celebrate outstanding businesses
Vice President Dr. Mahamudu Bawumia has underscored the importance of transitioning from a predominantly informal economy to a fully formalised one in strengthening economic growth.
He explained that a formalised economy will ensure a disciplined and transparent ecosystem as well as support the...
Investor confidence in the domestic economy appears to be returning, as evidenced by a resurgence of activity in the secondary bond market.
Following a period of stagnation after the Domestic Debt Exchange Programme (DDEP), the market is showing signs of a rebound. Last week, total market turnover in the secondary...
Introduction
In accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921), the Minister for Finance presented the budget statement on behalf of the President on Wednesday, 15th November 2023. The 2024 budget is critical for the country as it...
My favourite definition of economics is that by Lionel Robbins. According to Robbins, economics is “a science that studies human behaviour as a relationship between ends and scarce means that have alternative uses”. Microeconomics on the other hand relates to the study of choices made by individuals and households...
The Institute of Statistical, Social and Economic Research (ISSER) has called for a dialogue between Mobile Money (MoMo) stakeholders to address the current impasse and arrive at fair and sustainable compensation for MoMo agents.
ISSER emphasises the critical role of MoMo agents in driving financial inclusion in the country, and...
THE FUNDRAISER’S MINDSET
I am always first to admit that upon returning home from London to Accra (Tema, to be precise), I was so eager yet so unknowingly green. I set sail with a cargo of dreams and ‘book-long’ strategies, ready to conquer the vast ocean of the African Business...
Despite recent progress on restructuring the country's debt, short-term interest rates exceeding 30 percent are undermining the savings achieved according to Leslie Dwight Mensah, an economist at the Institute for Fiscal Studies (IFS).
With domestic markets as the sole financing source, he said, government remains vulnerable. "If stronger fiscal consolidation...