Ghana’s Gross Domestic Product, (GDP), is most likely to hit a double digit in the next couple of years if the private sector is given the need financial support.
According to the Alliance for Development and Industrialization, (ADI), “the country‘s GDP is poised to record double digit, if industries are...
The Managing Director of ARB Apex Bank PLC, Alex Kwasi Awuah, has advised Rural and Community Banks (RCBs) to redesign and integrate their systems to assist them cope and position themselves properly in the face of economic uncertainties facing the world.
He explained that after almost fifty years since the...
BoG assures of further appreciation
The country’s ailing currency, for the first time in memorable weeks, has seen no weekly loss in value against the US dollar - with assurance from the Bank of Ghana that the recent appreciation will see a further improvement, given measures it has rolled...
The Institute of Economic Affairs (IEA) has advised government of the need to rebalance its budgetary allocations from compensation to capital expenditure in a bid to drive economic growth.
Government spending is currently strongly biased toward recurring expenses rather than capital ones - which results in incorrect prioritisation of expenses...
There are early indications to suggest that the currency and debt markets are responding favourably to details of the Ghana Domestic Debt Exchange Programme, with the cedi recording a respectable appreciation against the US dollar following announcement of the programme.
A note published by the research arm of Rand Merchant...
Ghana's economy showed mixed results in the third quarter of 2022, with the country's provisional real quarterly gross domestic product (QGDP) growth rate including oil and gas coming in at 2.9 percent year on year, according to data released by Ghana Statistical Services.
This marks a slowdown from the 6.5...
Government has been urged to also pay attention to getting a better deal with regard to the country’s external debt while it engages stakeholders on the Domestic Debt Exchange Programme.
Given the proportion of external debt to domestic debt, experts who made this call say it has become imperative as...
cites averting ‘disorderly’ defaults, ensuring critical imports
Amid public criticism for what is seen as an "excessive" level of government borrowing – which stood at GH¢44.5 billion at the end of December 2022 – the Bank of Ghana (BoG) has defended its actions, saying that the financing of the...
Government has successfully concluded the Domestic Debt Exchange Programme (DDEP) for GH-denominated notes and bonds issued by the state, the Energy Sector Levy Act (E.S.L.A. Plc.) and Daakye Trust Plc.
This achievement is an important milestone for government in implementing the Post-COVID-19 Programme for Economic Growth (PC-PEG) during the current economic...
Ghana’s domestic debt exchange programme (DDE) can have significant implications for financial institutions, particularly banks and non-bank financial institutions, and can pose challenges to financial stability. The potential impact on banks' balance sheets and earning potential as well as the risk of capital shortfalls and liquidity pressures requires careful...