By Joshua Worlasi AMLANU [email protected]
Provisional real gross domestic product (GDP) witnessed a 3.8 percent increase in the fourth quarter (October to December) of 2023 compared to the same period in 2022, according to data released by the Ghana Statistical Services (GSS).
This represents the quickest growth rate in a year,...
By Korsi DZOKOTO
In the realm of economic management, Ghana stands as a stark example of the profound impacts of mismanagement and corruption on a nation's fiscal health. The story of Ghana's economic trajectory is one of promise overshadowed by poor governance, inflated project costs, and unchecked borrowing. As we...
By Joshua Worlasi AMLANU
Finance Minister Dr. Mohammed Amin Adam urged stakeholders to capitalize on the transformative potential of AI to propel African innovation to new heights. His remarks came during the inauguration of the Accra AI Summit themed 'AI as a Catalyst to Transform Economies in Sub-Saharan Africa'.
"I only...
…global players exploring opportunities within AfCFTA
By Kestér Kenn KLOMEGÂH
The scramble for the multidimensional control of the African continent by global players is a geopolitical reality. In order to be part of this geopolitical arena, foreign players have been devising different mechanisms for revitalizing partnership and strengthening cooperation with Africa,...
By Joshua Worlasi AMLANU [email protected]
Consumer inflation rate eased back to 23.2 percent in February 2024, down from 23.5 percent in January, according to data from the Ghana Statistical Services (GSS), defying market expectations of an increase.
Despite the drop, analysts warn that inflationary pressures remain elevated and March figures could...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected]/ [email protected]
Market analysts are cautiously predicting an upswing in the inflation rate for February 2024, fuelled by latest price developments.
The outlook for March 2024 appears even more elevated, attributed to an unfavourable base drift.
Today, Wednesday, March 13, 2024, the Ghana...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected]/ [email protected]
After weeks of sustained depreciation, the cedi has, in the past week, shown signs of recovery against some of its major trading counterparts.
This positive development comes amid a successful intervention by the Bank of Ghana (BoG) and Parliament’s approval of...
By Joshua Worlasi AMLANU [email protected]
Offshore investors have displayed an improving appetite for local currency (LCY) bonds on the secondary market in recent weeks, according to GCB Capital, an investment advisory firm.
In its February report, GCB Capital cautiously stated that this emerging offshore investor appetite may be a speculative strategy...
By Joshua Worlasi AMLANU [email protected]
Despite the sharp decline in inflation, ongoing macroeconomic recovery and robust demand levels for Treasury bills, market analysts have observed that the anticipated decline in T-bill yields has been slower than expected.
GCB Capital, an investment advisory firm, reported that year-to-date, the Treasury achieved an average...
Renewed increases in new business, employment and purchasing
Activity continues to fall, but at softer pace
Business confidence shows signs of improvement
The health of Ghana's private sector stabilised in February following a deterioration at the start of 2024. New orders returned to growth over the month, prompting renewed...