By Joshua Worlasi AMLANU The Minister of Finance has expressed confidence in the country's economic recovery trajectory, following International Monetary Fund (IMF) approval of the second review under its US$3billion Extended Credit Facility (ECF) arrangement. "I am confident that our economy is certainly on the path of sustained recovery, and...
A brief note on financing and policy alternatives By Dean ADANSI The answer to questions about how to unleash a long period of high sustainable growth in Sub-Saharan Africa remains largely elusive.  What we do know is that access to capital in the private sector remains problematic, and the public...
By Joshua Worlasi AMLANU Ghana expects to receive a third tranche of US$360 million by Monday, 1st July 2024, which will bring the total disbursement to US$1.56 billion, following the International Monetary Fund's (IMF) approval of the second review of the country's Extended Credit Facility (ECF) Arrangement. This latest development marks...
I would mention GCB Bank PLC as my bank of choice and get raised eyebrows. “Ghana Commercial Bank? But Why?” I’d get asked. To me, the Indigenous boy who left and returned to the land as an Indigenous man with an Indigenous team working to impact the Indigenous trade...
The Bank of Ghana (BoG) has in a statement firmly rejected assertions that the country lost  US$8billion over the past two years due to Financial Technology companies (FinTechs) and Money Transfer Operators (MTOs) withholding funds. This was meant to address recent media discussions regarding the involvement of Financial Technology companies...
…confronting governance failures in post-independence Africa By Marie-Noelle NWOKOLO Decades after achieving independence, many African nations continue to struggle with governance issues. Despite over fifty years of "teething problems," the lack of urgency in addressing poverty and creating prosperity is glaring. The phrase "sounding like a broken record" aptly describes the...
US$4.7bn in debt relief US$4.4bn in cash flow relief during IMF programme period By Joshua Worlasi AMLANU [email protected] Following the country’s successful negotiation of crucial debt restructuring agreements with its official creditors and a substantial portion of its Eurobond holders, it is expected that these developments will invigorate efforts toward...
Cost of government short-term borrowing is projected to decrease in second half of the year, coinciding with an anticipated decline in inflation. Interest rates tumbled once again across the yield curve, in line with falling inflation. Treasury bill (T-bill) yields resumed their decline following a 190 basis points (bps) decrease...
Understanding the burn rate is crucial in the fast-paced world of startups, where every cedi matters. This metric measures how quickly a company spends its cash, serving as a financial fuel gauge for a young business. Burn rate refers to the speed at which a company spends its cash reserves...
Provisional data from the Ghana Statistical Service (GSS) have shown that the economy grew by 4.7 percent year-on-year in the first quarter of 2024, significantly outpacing the 3.8 percent growth recorded for the same period last year. This performance underscored the resilience and dynamism of key sectors, positioning the nation...