as inflation eats away 92% of currency’s value since 2007
The cedi's struggle to maintain value beyond the short term continues to raise concerns about the economy’s long-term transformation, financial expert Adjei Boateng has said.
Mr. Boateng, a chartered financial analyst (CFA), highlighted the cedi's significant devaluation, losing 91.6 percent...
The World Bank has approved a $300 million Development Policy Operation for Ghana. The First Resilient Recovery Development Policy Financing is a critical contribution by the Bank’s International Development Association (IDA) to help Ghana’s economic recovery and support the country’s resilient and inclusive growth.
“The Government of Ghana remains committed...
Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG), has expressed unwavering optimism regarding the nation's economic recovery, despite the challenges ahead.
His remarks came during a joint press conference with the International Monetary Fund (IMF) following the successful completion of the first review of Ghana's US$3billion, a...
Several countries and cities worldwide operate a 24-hour economy to varying extents. While not every business in these locations operates around the clock, they often have many services, shops, and facilities available 24 hours a day. The list of some of the countries and cities known for their active...
The government has successfully completed the first review of its US$3 billion, 36-month Extended Credit Facility (ECF) Arrangement with the International Monetary Fund (IMF). This accomplishment, along with the 2023 Article IV Consultation, signals a positive step forward for the country's economic recovery post-COVID-19.
The completion of the first ECF...
The government is making a concerted effort to enhance its appeal as a preferred base for Chinese businesses on the African continent, Finance Minister Ken Ofori-Atta has said.
He made this known during an engagement with the Chinese Business Community in Ghana under the Ghana Mutual Prosperity Partnership held in...
The Executive Board of the International Monetary Fund (IMF) has completed the First review of the $3 billion, 36-month Extended Credit Facility (ECF) Arrangement, which the Board approved on May 17, 2023, as well as the 2023 Article IV Consultation with Ghana.
Completing the first ECF review allows for the immediate disbursement...
Ghana is on the brink of progress, and it's time to embrace new ways of doing things. A 24-hour economy is not just a concept; it's an opportunity to unlock Ghana's full potential. It's a commitment to expanding productivity and prosperity beyond daylight hours. Imagine a Ghana where businesses...
We are on the brink of a technological revolution that could jumpstart productivity, boost global growth and raise incomes around the world. Yet it could also replace jobs and deepen inequality.
The rapid advance of artificial intelligence has captivated the world, causing both excitement and alarm - and raising important...
Domestic financial infrastructure is primed for a significant leap forward with the signing of a partnership agreement between the national switch, Ghana Interbank Payment and Settlement Systems (GhIPSS) and global electronic payment services provider, Visa.
The landmark collaboration, formalised at GhIPSS headquarters in Accra and set to launch in May...