Budget deficit and its accompanying debt are key indicators in accessing the health of any economy. At the end of March 2020, Ghana’s public debt reached GHȼ 236.1 billion according to the Bank of Ghana. Of the total debt, US$ 22.9 billion is external representing 31.4% while GHȼ 113...
The general price levels of goods and services, according to Ghana Statistical Service, have further increased in the month of May - following price hikes by traders due to the coronavirus pandemic effects.
General prices increased by 0.7 of a percentage point over the previous month, as it recorded 11.3...
Nigerian banks plan to restructure over a third of loans after running into repayment problems due to the coronavirus pandemic, a member of the central bank monetary policy committee said.
A total of 17 banks have submitted requests to restructure over 32,000 loans for businesses and individuals, representing 33% of...
Despite inflation surging to double digits in April as a result of a spike in demand for food and other essentials in anticipation of the lockdown announcement, Databank Research says there is hope that the rate will come down due to government’s subsidy on utilities.
In late March and April,...
The Auditor-General (A-G) has submitted a report on the Management of Petroleum Funds for 1st January 2018 to 31 December 2018 to Parliament.
A statement signed by Mrs Ama Awoe-Bosumafi Assistant Director of Public Relations Unit on behalf of the Director General, and copied to the Ghana News Agency, in...
Finance Minister Ken Ofori Atta is optimistic that the projected tax-to-GDP of 20 percent from the current 13 percent will materialise if government increases revenue mobilisation and harnesses a digitalised economy.
This, the minister said, when attained will enable government to raise funds to support the recently announced GH¢100billion Ghana...
By Isaac Yaw OBENG
Agricultural exports contribute significantly to Ghana’s economy. According to the data, agri-food products worth US$3.4billion were exported from Ghana over the period 2022 and 2023 (Ghana Statistical Service, 2023.
Ghana’s agricultural-related exports are led by Cocoa and Cocoa preparations ($1.090B), Edible fruits, nuts, peel of citrus fruit, melons (US$387.29M), and Animal, vegetable...
Consumer inflation eased further in December 2023 - closing at 23.2 percent, down from November's 26.4 percent per data from the Ghana Statistical Service (GSS).
This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation.
Cumulatively, inflation dropped 30.4 percent during 2023 while average...
Community:
Sat. Nov. 16 - 14:00. Sip N Paint experience with Canvas Craft Ghana. Join us for an unforgettable evening of art, elegance and fun. Stand a chance to win exciting prizes. @Café Bar Noir, Dzorwulu, Accra.
Sat. Nov. 16 - 11:00. Diaspora in Ghana Roots & Resettlement Brunch. Gain insights...
Dormaahene, Osagyefo Oseadeeyo Dr. Agyemang Badu II, has urged Ghanaians abroad to pool their resources and invest in Ghana's mining sector to ensure a larger portion of revenue from gold and other resources remains within the country to drive development and growth.
Speaking at a recent fund-raising dinner hosted by...