 A number of market analysts - including public policy think-tank the Institute of Economic Affairs Ghana (IEA) - do not anticipate a further hike in the Bank of Ghana’s (BoG’s) benchmark monetary policy rate (MPR) when it announces the decision of its 108th Regular Meetings on Monday, September 26,...
About fourteen (14) bilateral trade deals and memorandums of understanding (MoUs) aimed at deepening economic ties between Africa and the Caribbean have been signed at the just-ended three-day AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) hosted in Bridgetown, Barbados, in the Caribbean.
The agreements - expected to form the foundation...
Political parties rely heavily on financial assistance to sustain their activities. This has led to a situation where financiers of a party can unduly influence the outcome of elections and the policies of political parties.
The question we ponder over is whether the state should sponsor political parties or whether...
The Cedi recovered marginally against the dollar this week after the Bank of Ghana on Tuesday sold $60m of dollars into the market through its forward FX auction. Having revisited its record low 10.08 on Monday, the currency is currently trading at 10.05, in line with last week’s close....
Rising inflation continues to dampen the outlook for many currencies in Africa. The Bank of Ghana is battling 21-year high inflation at 33.9%, making the Cedi the world’s second worst performing currency this year (see Ghana report below). In Malawi, inflation has more than doubled since the start of...
Consumer inflation further increased to 33.9 percent in August 2022 - signalling a reversal in the cool-off of inflation momentum and a 15th consecutive monthly increase.
The rise represents a 2.2 percentage point surge from the 31.7 percent recorded in the previous month, July 2022.
This may signal a reversal in...
Amid the macroeconomic developments during August 2022, market watchers anticipate a 33 to 35 percent (± 0.5) consumer inflation for the month.
This will further place inflation about 3.5x over the Bank of Ghana’s upper policy target of 10 percent, and substantially well outside the long-maintained medium-term policy bracket.
Although the...
Northern Innovation Lab (NIL), in partnership with Ghana Tech Lab, has recognised three start-ups — Agricom, Agritech, and Peace Innovation for finishing at first, second and third places respectively — at its fourth Local Startup Summit under the Pathways to Sustainable Employment Programme to focus on the role of...
But warns country must live within its means post-bailout
The decision to seek a bailout programme from the International Monetary Fund (IMF) will restore investor confidence and economic stability, says celebrated business leader, Dr. Ishmael Yamson.
Having reversed a policy of not seeking aid from the International Monetary Fund, the government...
