Inflation for April 2018 dropped its lowest in more than five years, to 9.6 percent from 10.4 percent in March, the Ghana Statistical Service has announced.
According to the Acting Government Statistician, Baah Wadieh, the significant drop can be largely attributed to happenings in the non-food basket.
“We realised that inflation...
Budget deficit hits 3.4% against 1.9% target
Unbudgeted expenditure, largely occasioned by emergency spending to contain spread of the coronavirus pandemic that was first recorded on March 12 in the country, has astronomically shot up the budget deficit by nearly double in the first quarter of the year.
The Fiscal...
...as concerns linger over appetite for debt, effects on equities
Amid the deterioration in investor confidence due to elevated concerns over the nation's sovereign fiscal and debt sustainability, which have resulted in a sudden tightening of the Eurobond market against Ghana, government in its 2022 budget must outline measures...
The Commodity Brokers Association of Ghana (CBAG) president, Yaw Ohemeng Kyei, has called on government to introduce a 20 percent quota on rice imports into the country.
Mr. Ohemeng Kyei said he does not understand why the Ghana Rice Development Strategy (G-NRD) projects to end rice imports by the year 2023 but...
A new report dubbed ‘Equipment Leasing in Africa’ has urged Small and Medium-Scale Enterprises (SMEs) to leverage the opportunity offered by leasing, as it is becoming increasingly difficult for them to access finance through the banking sector.
The report, which was jointly launched by Africa Lease and the International Finance...
Records further loss of US$4.3m in 2019
Shareholders still awaiting dividends after many years
Cocoa Processing Company (CPC) Limited hopes to take advantage of the African Continental Free Trade Area (AfCFTA) agreement to turn around the ill-fortunes which have beset the company for many years - leading to the...
Nigeria’s currency is expected to come under pressure on the black market this week, with Uganda’s seen firming and Kenya and Zambia’s holding stable.
NIGERIA
Nigeria’s naira is seen weakening on the black market as dollar shortages at official sources cause investors and importers to channel demand to the parallel...
African economies remain resilient with a stable outlook in 2023-2024 despite the tightening global financial conditions, the African Development Bank has projected in a new report.
The report, Africa’s Macroeconomic Performance and Outlook (MEO) 2023, estimates Africa’s average GDP to stabilise at 4 percent in the next two years, up...
The Ghana National Canoe Fishermen’s Council and eight NGOs have called on President Nana Akufo-Addo to intervene to end the damaging illegal fishing practice known as ‘saiko’.
This practice, according to them in an open letter sent to the president, is driving crucial fish stocks to the point of collapse...
as GFZA launches Investment Week
Thirty-nine new free zones companies licenced to operate within the last year and a half are expected to inject some US$230million into the economy, says Chief Executive Officer (CEO) of the Ghana Free Zones Authority (GFZA), Ambassador Michael Oquaye Jnr.
“Since I took over as...