After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic.
The local currency was on top of its game...
The Alliance for Social Equity and Public Accountability (ASEPA) has described the proposed 2.5 percent upward adjustment of the Value Added Tax (VAT) rate as contradictory to efforts employed to curb inflation, especially those of the central bank’s monetary policy interventions.
Presenting the 2023 Budget Statement and Economic Policy on...
Chief Executive Officer of Dalex Finance, Ken Thompson, has said that one of the reasons financial institutions shy away from giving loans to private sector is the lack of available information to verify borrower’s credit worthiness, hence, government should step up efforts in providing a strong database that will...
Hospitality sector shattered
The country’s economy in the second quarter of 2020 faced the full rigours of the coronavirus pandemic, as growth for the first time in about four decades contracted – largely occasioned by the hospitality sector’s abysmal performance.
Data from the Ghana Statistical Service (GSS) show that despite...
The Bank of Ghana has called on banks to foster collaboration with the soon-to-be established Ghana Development Bank in order to hasten the economic recovery efforts of government amid the pandemic.
Speaking at the 24th National Banking Conference organised by the Chartered Institute of Bankers (CIB), Head of Banking Supervision...
The Northern Regional office of the Ministry of Trade and Industry (MOTI) has kicked start the implementation of the one district one factory (1F1F) programme with the establishment of implementation teams across the 26 Metropolitan, Municipal and District Assemblies of the region.
The teams are to oversee the work of...
The Bank of Ghana has reaffirmed its policy stance by increasing the Monetary Policy Rate to 29.5 percent, by 150 basis points(bps), citing the need to anchor inflation expectations towards the medium-term target of 8±2 percent.
Cumulatively, the MPC has hiked the policy rate by 1500bps on concerns to moderate...
By José Antonio OCAMPO
Since the onset of the COVID-19 pandemic, the developing world has faced growing public-sector debt vulnerabilities. Interest-rate hikes and limited access to international capital markets have only exacerbated the problem – so much so that even solvent countries are now grappling with liquidity challenges. Furthermore, the...
Farmers cultivating cucumis melon, also known as yellow melon, say a chunk of their produce is left to go waste because of the lack of market - a situation they say is adversely affecting their livelihood.
The farmers from the Northern, North East and Central Regions were hoping to cash-in...
The 10th edition of the Ghana Economic Forum (GEF) is underway in Ghana’s capital, Accra.
The most anticipated economic conference is being held under the theme— ‘Strengthening Home-grown Policies to Underpin the National Digitisation drive and Shared Financial Prosperity’.
The three-day event is being chaired by the Chief Executive of the...