Consumer inflation started off the year with a decline to 53.6 percent, marking the first time in the last 19 months that a fall in the year-on-year inflation rate has been recorded. The inflation rate had accelerated for 19 consecutive months, ending at 54.1 percent year-on-year in December 2022, according...
Vaccines are powerful public health tools, but they’re only as good as their reach. And traditionally, people with means who live closer to cities access them more easily than others. But leaders in Ghana and other countries are challenging that norm. In 2019, before the coronavirus pandemic upended the world,...
The Ghana National Chamber of Trade and Industry (GNCCI) has lamented the impact of the Domestic Debt Exchange Programme (DDEP) and recent hikes in electricity and water tariffs on business and investor confidence. It said uncertainties surrounding the DDEP that seeks to address the country’s debt and restore economic stability,...
Ghana's bilateral lenders are discussing the formation of an official creditor committee, a first step needed to engage in debt relief talks for the crisis-hit country, according to two sources with direct knowledge of the matter. The Paris Club of creditor nations has contacted other bilateral creditors, such as China,...
The spate of legal tussles within the petroleum upstream industry poses a real threat to sustainability of the nation’s oil production, say experts. The experts, including Chief Executive Officer of the Ghana Upstream Petroleum Chamber, David Ampofo, and Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII,...
The country is urging closer to a GH¢3billion deal with the International Monetary Fund (IMF), following a successful closure of the Domestic Debt Exchange Programme (DDEP). With the participation of over 80 percent of eligible bondholders - a condition for the IMF deal, it is expected that the Fund’s Executive...
Founder and Chief Executive Officer (CEO) of AZA Finance, Elizabeth Rossiello, has said that the gradual move to web-based payment solutions from telco-operated platforms will lead to enhanced efficiency, lowered cost and greater adoption of digital financial solutions on the continent. Since its introduction in Africa almost 20 years ago,...
Transparency and discipline in reporting standards by State Owned Enterprises (SOEs) has been prescribed as key to unlocking private sector capital and funding for these entities as they seek to grow the economy. Nana Dwemoh Benneh, CEO of the Universal Merchant Bank (UMB), made the call during an expert panel...
CEO of Dentsu Ghana, Andrew Ackah, has been sworn-in as 9th President of the Advertising Association of Ghana (AAG) at its 8th Investiture ceremony on Friday 9th February 2023. The event also saw the swearing-in of the Executive Council for the next four years: Clarence Amoatey, COO of Touchpoint Magna...
The Institute for Energy Security is predicting a drop in fuel prices for the second-pricing window in February. The prediction comes on the back of the falling international liquid fuel prices as observed on the global S&P Platts platform, linked with the local currency’s marginal gains against the U.S. Dollar. The...