Due to general slowdown across economy’s three major sectors
Finance Minister Ken Ofori-Attah has made an announcement regarding the revision of the projected Real GDP growth for 2023.
The overall growth rate has been adjusted downward to 1.5 percent from the previous estimate of 2.8 percent, and the non-oil Real...
Finance Minister Ken Ofori-Atta says the economy is “showing signs of recovery”.
During the presentation of the 2023 mid-year budget review, he highlighted the stabilization of the exchange rate, accompanied by a decrease in inflation and interest rates since December 2022 as evidenced by the recovering economy.
“These outturns are the...
Ghana, the Heart of Africa, has long been celebrated for its stable political environment and progressive democratic governance. The nation’s commitment to conducting regular, peaceful presidential elections stands as a beacon for other developing countries seeking to strengthen their democratic institutions.
In 2016, Ghana witnessed a notable presidential election that...
As the highly anticipated 2023 mid-year fiscal policy review approaches, sources indicate that government is confident in its ability to maintain economic stability and foster growth without the need for a supplementary budget.
Set for presentation to parliament next week, the review is expected to focus on solidifying economic measures...
Government must use the 2023 mid-year budget review to demonstrate its commitment to restoring economic stability, former Finance Minister Seth Terkper has said - noting that narrowing the widening fiscal gap also remains paramount.
Minister of Finance Ken Ofori-Atta is expected to present government’s mid-year budget review statement before parliament...
The Monetary Policy Committee (MPC) of the Bank of Ghana has implemented a tighter monetary stance in response to emerging upside risks to inflation.
This move will have significant implications for Treasury securities, particularly 91-day to 365-day T-bills as they will endure an extended period of higher yields.
During its July...
The Bank of Ghana (BoG) remains committed to maintaining a managed floating exchange rate regime with minimal interventions by the central bank, its Governor Dr. Ernest Addison has said - noting that it represents the most ideal framework for the domestic economy’s growth and stability needs at this stage...
The mid-year budget review - to be presented by finance minister Ken Ofori-Atta in the coming days - must outline a precise blueprint for maintaining the cedi’s current stability, which is crucial for the country's economic recovery, says Professor Peter Quartey, Director-Institute of Statistical, Social and Economic Research (ISSER)...
The Bank of Ghana Monetary Policy Committee (MPC) has raised the monetary policy rate by 50 basis points, bringing it to a record high of 30 percent at the start of H2-2023 - an action it hopes will address underlying inflationary pressures.
This is the third time the Committee has...
For a time, in the aftermath of the global pandemic of COVID-19 and coupled with the Russia-Ukraine war, the world faced possibly the worst economic outlook for a generation. However, their effect on the Ghanaian economy is so pervasive, contrary to the evidence in the context of African nations...