Rising inflation weighs on Cedi
The Cedi strengthened marginally against the dollar this week, trading at 7.035, recovering from a record low 7.060 at the end of last week. Inflation ticked higher in February to 15.7% from 13.9% in January as a result of rising food prices, exacerbated by Russia’s...
as it unveils digital portal to tax online trading
The Ghana Revenue Authority (GRA) has launched an E-commerce and Digital Service Registration Portal, as it anticipates to mobilise GH¢1.7 billion revenue from taxing online businesses beginning April this year to increase the chances of meeting its 2022 tax target.
The...
With the recent hikes of petroleum prices in the country, year-on-year inflation is expected to rise further over the coming months. It is inevitable that the fuel price increases will have a severe impact on both food and non-food inflation in the Consumer Price Index (CPI) basket.
“The March fuel...
African currencies net losers in oil spike
Russia’s war in Ukraine has sent oil skyrocketing to more than $130 a barrel—its highest price since the global financial crisis. Elevated oil prices alongside limits on Russian oil exports are likely to benefit African crude producers including Algeria, Angola, Nigeria, Libya and...
With global crude oil prices remaining elevated and their pass-through effects on ex-pump petroleum prices, utilities and transport, consumer inflation continued its upward ascent as cost-push factors continue to bite.
Data from the Ghana Statistical Service (GSS) show that consumer prices in the country have risen to their highest level...
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has called on women to leverage opportunities that digitisation provides - as she says this is a sure way of bridging the gender equality-gap and increase their participation in economic activities.
Speaking on the theme ‘Women as Builders of...
The Ghana Investment Promotion Centre (GIPC) has set the tone and momentum toward attracting a target of US$3billion in Foreign Direct Investments (FDIs) this year, leveraging the UAE as a key investment market through the ongoing Dubai Expo.
Last year, Ghana raked in an FDI of US$1.4billion - an amount...
Yields on Ghana’s Eurobonds have risen to their highest level in 10 years, as international investors continue to dump the country’s bonds amid fiscal and debt challenges - and now the Russian-Ukrainian war.
Data from the CBonds indicate that the country’s sovereign US$ yield to maturity (YTM) index had risen...
Implementing agencies of the YouStart initiative have indicated that they are ready to fully roll-out government’s flagship Youth Entrepreneurship Programme.
According to the Ghana Enterprises Agency (GEA), the National Entrepreneurship and Innovation Programme (NEIP) and partner financial institutions, they have been working together to develop a good, viable product that...
While the Ghana Card will boost the confidence of financial institutions to lend to businesses and individuals without much fear, the painstakingly slow judicial process could derail expected gains the national identification card could bring in terms of exponential growth of credit, Managing Director of Dalex Finance, Kenneth Kwamina...
