The central bank Governor Dr. Ernest Addison has said a longer period of “sustainability” is needed before commercial banks’ lending rates will trend downwards to reflect the central bank’s loosening of monetary policy.
With the Monetary Policy Committee of the central bank reducing its policy rate by 100 basis points...
Tax and Audit consultancy PricewaterhouseCoopers has said the 2018 budget statement and economic policy offers businesses the breathing space to focus on boosting their growth.
Speaking at PwC’s post 2018 budget forum, its Senior Country Partner, Vish Ashiagbor, said the budget “gives certainty and clarity to businesses so they can...
Credit ratings agency Moody’s has warned that Ghana faces a severe risk of financing stress as a number of sovereign bonds issued by government in the past few years reach their maturity in the early 2020s.
According to a report issued by the ratings agency, Ghana faces principal payment worth...
Government has asked Danish investors to take advantage of the numerus opportunities that exist in various sectors of the economy, as the country prepares to move from aid to trade and become Africa’s manufacturing hub.
Speaking to Danish investors who are currently on a two-day visit with Queen Margarethe II...
The only way Ghana can benefit fully from trade agreements with other countries across the world is when it increases it production of goods for export, Trade and Industry Minister, Alan Kyerematen, has said, asking industrialists to up their game.
The country’s low level of production, the Trade Minister said,...
The Ghana Investment Promotion Centre (GIPC) has said it is confident of meeting its 2017 target of registering foreign direct inflows to the tune of US$5 billion, a more than 108 percent increase from the US$2.4 billion recorded last year.
The GIPC’s third quarter report indicates that close to US$3.4billion...
The Ghana Stock Exchange (GSE) has urged start-up businesses to take advantage of the Ghana Alternative Market (GAX) to raise capital to expand and take their businesses to higher heights.
With lending rates above 30 percent, it has become a major challenge for small businesses in the country to access...
Government intends to use its revenue and expenditure measures in the 2018 budget to continue to stabilise the economy, offer reliefs to make the private sector competitive and create more employment.
But without the needed revenues, these objectives will not be realised. Funding for most of government’s developmental projects is...
Government’s target of achieving a growth rate of 6.8 percent in the 2018 fiscal year is not ambitious enough given the strong economic performance recorded this year, a Partner at KPMG, Andy Akoto, has said.
According to Mr. Akoto, government has so far posted a strong macroeconomic performance with all...