Market analysts rightly predicted a rise in the rate of inflation for June 2023, as consumer inflation again rose to 42.50 percent in June 2023 from 42.2 percent the previous month.
The Ghana Statistical Service (GSS) attributes the rise to renewed price risks stemming from implementation of revenue and utility...
Ghana’s Finance Ministry yesterday forestalled an impending picket by individual bondholders following complaints that their coupons were yet to be paid as promised.
However, in a statement, the Finance Ministry reiterated government’s commitment to maintaining open and constructive engagement with the CIBG leadership, while affirming its determination to fully implement...
While the country received an amount of US$776.5million from international donors between 2013 and 2017 to address climate change issues, fears arise that despite the huge amount and efforts required to tackle the growing concerns of climate there is no comprehensive climate change legislation to guide activities.
The United States...
Relying heavily on development partners for continuous support cannot deliver long-term benefits to the nation's economy. This therefore renews calls for the country to create and execute a strong domestic national development programme.
Professor Alexander Bilson Darku - a Senior Fellow at the Institute for Economic Affairs (IEA) - believes...
Ghana is a net importer of fish and seafood products. In 2022, the country imported approximately US$145million worth of seafood - down 13 percent from the US$164million in 2021.
The top-three seafood-supplying countries to Ghana in 2022 were Mauritania (US$37.2million), followed by China (US$18.2million) and Morocco (US$16.6million).
Faroe Islands, Spain, Norway,...
Automobile manufacturers, Volkswagen (VW) Group, is calling for urgent forward-looking policies, backed by strong political will and the adoption of globally acceptable fuel standards to protect the environment, as well as prolong the life-span of vehicles.
Addressing journalists from the Africa region in Kariega-South Africa, chairperson and Managing Director for...
World Bank Country Director Pierre Frank Laporte suggested that the Power Purchase Agreements (PPAs) with Independent Power Producers (IPPs) are a major contributor to the current economic woes the country finds itself facing today.
He indicated that the PPAs are not only expensive but also the contractual terms and arrangements...
John Bewuah Edusei, the newly-appointed Vice President of Confederation for the Development of Poultry in Africa (CADA), has called for commitment to revive the local poultry industry and agricultural industry as a whole.
Mr. Edusei cautioned that the country’s failure to transform the agriculture sector could result in hunger and...
Government is being urged to use the mid-year budget to review some of the revenue measures introduced in the 2023 budget.
Country Managing Partner of Deloitte Ghana, Daniel Owusu, made this point at the 7th Ghana CEOs Summit and Expo held in Accra this week, so as to reduce the...
According to the Bank of Ghana's summary of economic and financial data, there was a marginal increase in gross reserves for April - rising from US$5.1billion in March to US$5.2billion at end of the year’s fourth month.
Therefore, the nation's gross reserves are expected to experience growth following approval and...