The decision to extend the Domestic Debt Exchange Programme (DDEP) to the last day of this month, following the expiration of the January 16, 2023 deadline, could raise questions over the programme’s credibility, banking consultant, Dr. Richmond Atuahene and Dean of University of Cape Coast Business School, Professor John...
Despite the coronavirus smashing business confidence and unsettling the private sector, especially before and during the three-week lockdown in April, a market report has indicated that confidence has rebounded some few weeks after the restrictions were eased.
The report, authored by IHS Markit Ghana PMI, shows the headline seasonally adjusted...
We have consistently and unapologetically characterized the country’s economy as import dependent since the Guggisberg times. Sixty- five years of independence is also long enough to have changed the structure of the economy if we cared enough about the true meaning of political and economic independence, rather than sloganeering.
From...
The king and overlord of Dagbon, Ya-Na Abukari II, has been praised for bringing peace to the Dagbon kingdom - and by extension the entire Northern Region.
The Executive Chairman of Jospong Group of Companies (JGC), Dr. Joseph Siaw-Agyepong, made the commendation when he led a high-powered delegation accompanied by...
The 2023 budget must be one that has good plans which will bring restoration to the economy and hope to Ghanaians, and not one that focuses on the achievements of government within past years, Director at the Institute of Statistical, Social and Economic Research (ISSER), University of Ghana, Prof. Peter...
The African Continental Free Trade Agreement (AfCFTA) secretariat and the UK government have signed a Memorandum of Understanding (MoU) to formalise their shared commitment to success of the agreement.
UK Minister for Africa, James Duddridge MP, joined His Excellency Secretary-General of the African Continental Free Trade Area secretariat, Wamkele Mene,...
The value of deposits and withdrawals using mobile phones for banking almost doubled in 2017, according data published by the central bank.
The value of mobile transactions rose to 155.8 billion cedis ($34.6 billion) last year from 78.5 billion cedis in 2016, Bank of Ghana said in a statement on...
His Excellency the President of Ghana, Nana Addo Dankwa Akofu-Addo and the Ghana Integrated Aluminium Development Corporation (GIADEC) have made claims intending to show how plans to mine Atewa Forest for bauxite abide by Ghana’s laws and international best practices for protecting the environment and people’s rights. Notwithstanding these...
Challenges facing the banking sector have taken a toll on businesses, with private sector credit dropping to a four-year low according to Bank of Ghana data.
The banking sector, as revealed by the data, is at a critical juncture; and this unsettling trend, persisting over the past four years, highlights...
Business sentiments at the end of 2022 showed signs of recovery, leading to increased optimism in the economy - largely on the back of cedi-stability at the time, along with the staff level agreement (SLA) with the International Monetary Fund (IMF).
The Bank of Ghana’s latest survey is consistent with...