Finance Minister, Ken Ofori-Atta, has informed pensioner bondholders that opting out of the Domestic Debt Exchange Programme means they cannot trade their papers in case of crisis.
“This means that in the event of a crisis, your ability to trade your papers is diminished. But, that’s the choice you made,”...
Given that government Debt Sustainability Analysis is yet to be known there are lots of concerns - especially from persons and institutions with high exposure to government debt. The Chief Executive Officer of Crescendo Consult Ltd., Doris Ahiati, holds that transparent conversation between both parties is crucial for minimum...
The economy loses an estimated GH¢3billion yearly to the 50 percent import discount on general goods and 30 percent on vehicles policy, Commissioner of Customs Division Ghana Revenue Authority, Colonel Kwadwo Damoah, has said.
The policy, which provides discounted duty on imports was introduced in April 2019, was reviewed downwards...
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 14.5 percent, citing elevated risk to inflation and debt sustainability challenges which have triggered some negative reactions from foreign investors.
The decision however comes as no surprise at all, as various analysts predicted same...
Purchasing power parity approach
Context
The production of official statistics for national policy guidance and decision-making by households and firms is expected to follow both national and international quality assurance processes which are transparent and publicly accessible. The dispensation of the professional and technical functions of the Ghana...
The nation’s Eurobond prices recorded significant gains following the news that a staff-level agreement with the International Monetary Fund (IMF) on a three-year Extended Credit Facility (ECF) arrangement worth around US$3billion, or SDR 2.242 billion has been reached.
This development comes on the back of similar positives that have seen...
Finance Minister Ken Ofori-Atta has disclosed in the 2023 budget that as part of measures to boost local productive capacity, government intends to cut the imports of public sector institutions which rely on them - either for inputs or consumption - by 50 percent.
This, he said, will be enforced...
If you speak to most migrant workers you will hear of the extended financial support they provide to their families back home, as well as the large development projects they are funding. This they achieve by hiving off a portion of their income and sending it to their respective...
The IMF at its annual meetings in Washington this week indicated incrased support for economic recovery in Africa. The IMF wants to speed up long-delayed debt restructurings for Zambia and Chad to institute by year-end. In Zambia, a combination of tighter monetary and fiscal policies and the elimination of...
Despite the rhetoric and the one hundred-billion-cedi Ghana CARES ‘Obaatampa’ Programme President Nana Addo Dankwa Akufo-Addo, is facing a choice between “the Devil” and “the deep blue sea” with respect to the economy. These are hard choices, because whichever path he chooses, the NPP, all things being equal will...