Calls grow louder for fiscal and structural adjustments
In recent years, Ghana has found itself in a state of economic crisis - brought on by excessive borrowing - and a resulting need for debt restructuring. As government seeks to navigate this difficult situation, it is important that they do not...
The country is on the brink of entering a period characterised by market stability and diminished uncertainties, following the International Monetary Fund’s (IMF) approval of the US$3 billlion deal.
The expected disbursement of around US$600million through the IMF programme, along with other anticipated concessional inflows, is anticipated to significantly bolster...
In a move expected to provide much-needed financial relief, the International Monetary Fund (IMF) has granted approval for a US$3 billion, three-year extended credit facility for Ghana.
The Fund in a note on its website indicated that it's Executive Board had on Wednesday, May 17, 2023, approved an Special Drawing...
Current challenges confronting the country present a great opportunity for investment advisors and fund managers to assist and contribute to resetting the economy by leveraging patient capital, Managing Director-Tesah Capital, Eugenia Basheer, has suggested.
Madam Basheer spoke to B&FT on the 2023 Money Summit’s sidelines, and maintained that the current economic situation...
African economies remain resilient with a stable outlook for 2023-2024 despite tightening global financial conditions, according to the African Development Bank. Globally, the signs of an economic winter are evident in figures from the International Monetary Fund - which projects 2.9 percent growth this year.
The outlook is more sobering...
As inflation continues to trend downward, the market anticipates the Bank of Ghana’s Monetary Policy Committee (MPC) to adopt a policy-hold strategy at its 112th meeting this week by retaining the rate at 29.5 percent.
Consumer prices slowed for the fourth month running in April 2023 to 41.2 percent year-on-year, -3.8...
Non-bank stocks are projected to be the driving force behind the equities market, potentially resulting in a 12.5 percent return by end of the year - compared to the 13 percent loss at end of 2022 - according to a Quarterly Strategy Report published by fund management house DataBank.
The...
The Paris Club's formation of an Official Creditor Committee (OCC) has given impetus to the nation’s efforts to restructure its debt and finally secure a US$3billion facility from the International Monetary Fund (IMF), following a staff-level agreement that was reached on December 12, 2022.
The OCC, which is composed of...
but inflation continues to erode real returns
As money market yields continue to rise, reigniting investor interest in government bills, the market is anticipating a potential decrease in yields by as much as 500 basis points (bps) if government can secure approval from the Executive Board of the International...
Hubtel, Ghana's first full-feature quick commerce platform, is celebrating its 18th anniversary as a trailblazing, wholly Ghanaian-managed tech company. From its inception in 2005 as SMSGH, the company has undergone a remarkable transformation; evolving from being the primary SMS solution-based messaging business to a fully-licenced payment and digital transformation...