Digitization is one of the niche subject matters in the field of information and communication technology. However, its use and application have reached other fields, including the economy, to accelerate growth and development in recent times. The application of digital technologies is expected to characterize future economies as it...
...as concerns linger over appetite for debt, effects on equities Amid the deterioration in investor confidence due to elevated concerns over the nation's sovereign fiscal and debt sustainability, which have resulted in a sudden tightening of the Eurobond market against Ghana, government in its 2022 budget must outline measures...
With the precarious nature of the country’s debt situation, the government cannot afford a slip in its implementation of a fiscal consolidation programme that seeks to bring the budget deficit below the 5 per cent of GDP ceiling set in the Fiscal Responsibility Act, an economist at the Institute...
Naira to hold firm on higher oil prices The Naira strengthened against the dollar on the unofficial market this week, appreciating to 560 from 563.5 at last week’s close amid rising crude oil prices and reduced demand for the greenback. Following the launch of the e-Naira in late October, the...
The Monetary Policy Committee (MPC) of the Bank of Ghana is projected to increase the policy rate to 14 percent, in the light of consistent increases in inflation for the past few months, since May 2021 low of 7.5 percent. For a fifth consecutive month, consumer inflation in the month...
The 2022 Budget Statement and Economic Policy of Government which was scheduled for 15th November has been shifted to 17th November, 2021. The 2022 Budget Statement and Economic Policy of Government which was scheduled for 15th November has been shifted to 17th November, 2021. The change of date has become necessary because Parliament...
Chairperson of the Business and Financial Times (B&FT), Dr. Edith Dankwa, says Ghana’s COVID-19-adjusted economic recovery will only be successful with the backing of a thriving Small and Medium Enterprise (SME) sector. Speaking on Joy FM’s morning show, the recently crowned Chartered Institute of Marketing GHANA (CIMG) Marketing Woman of...
Despite being one of the largest and reliable sources of revenue to the government of Ghana, tax revenue collection in Ghana is constrained by many factors. The tax to GDP ratio of Ghana remains far below what the government targets to achieve by 2023. The Government of Ghana’s target...
Cedi pressure to be eased by central bank FX support The Cedi depreciated slightly against the dollar this week to 6.107 from 6.103 at last week’s close, having briefly strengthened to 6.085. The renewed pressure comes amid concerns about rising inflation, which has been caused by consumer preference for imported...
ECOM Ghana, a leading agro-industrial company, has won two awards at the Ghana Business Awards, as the organization and its Country Director, Muhammadu Muzzammil, were adjudged Agribusiness Company of the Year and Personality of the Year (Private Sector) respectively. The Ghana Business Awards is a prestigious award that brings together...