The central bank stands ready to safeguard the financial sector with plans to provide exclusive liquidity arrangements to banks, aside from the Ghana Financial Stability Fund (GFSF), that may be affected by the Domestic Debt Exchange Programme (DDEP), Bank of Ghana Governor, Dr. Ernest Addison, has assured.
The Bank’s intervention,...
Databank Research is projecting an economic slowdown this fiscal year, on the back of the impending International Monetary Fund (IMF) deal which it says will result in compelled austerity.
It is estimating growth to range from 2.3 percent to 3.3 percent in 2023 - lower than the real gross domestic...
When a market liquidity and/or funding liquidity crisis occurs at a moment when inflation is above-target, tension between the objectives of central banks – price stability and financial stability – is inevitable. In such cases, I believe that financial stability must come first, because it is a precondition for...
proposes Parliamentary Budget Office, others in constitution review
The Institute of Economic Affairs (IEA) has proposed a significant increase in the amount of foreign exchange cover for currency issued by the Bank of Ghana. The IEA has recommended that this increase should be enshrined in law, as part of...
As the nation charts a recovery from a series of crises occasioned by COVID-19, the inclusion of climate-compatible and resilient infrastructure is crucial for promoting economic opportunities, expanding social protection and enhancing the overall quality of life for all residents of Ghana.
Consequently, it is imperative that the national development...
The interconnectedness of economic elements can often create a domino effect, where a ripple in one sector can trigger a tidal wave in another. This is notably observed in the relationship between inflation and poverty. Recent events in Ghana provide a stark illustration of this phenomenon. The country, celebrated...
CREDIT INSURANCE
In the intricate ballet of the business world, sustaining a harmonious flow between trade receivables and ensuring that the cash flow remains uncompromised is pivotal. In this delicate dance, credit insurance takes centre stage, acting as a formidable shield against the potential pitfalls of non-payment and unforeseen financial...
The Ghana Stock Exchange (GSE) has recorded its longest-ever drought without an Initial Public Offering (IPO) on its main board, as the country’s worst economic crisis in decades continues to weigh on the market.
The GSE has gone five straight years without an IPO - the sleepiest stretch since 1991...
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...
Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG), has expressed unwavering optimism regarding the nation's economic recovery, despite the challenges ahead.
His remarks came during a joint press conference with the International Monetary Fund (IMF) following the successful completion of the first review of Ghana's US$3billion, a...