As the finance minister engages stakeholders in preparing the 2022 national budget, civil society organisation ‘Economic Governance Platform’ (EGP) has advised government to make debt sustainability a key factor in its economic policy going forward. The group made the call after releasing a report that assessed the country’s growing debt...
Former Finance Minister Seth Terkper has demanded that the government presents accurate and transparent data about the economy’s true situation - especially with respect to the deficit figures as it prepares to present the mid-year budget this week. His comments come on the back of concerns raised by the minority...
The Producer Price Inflation (PPI) rate has recorded a marginal decrease of 0.8 percentage points as the ex-factory prices of goods and services hit 12.8 percent in December 2021, recently-released provisional data from the Ghana Statistical Service (GSS) has shown. The figure represents year-on-year rate of change from December 2020...
The Ghana Stock Exchange saw a decline of trading activities in the first quarter of the year, mainly induced by the global impact of the coronavirus pandemic - pushing investors to flee to safer havens like gold, the Japanese Yen and US dollar, a Bank of Ghana report has...
Finance Minister, Ken Ofori-Atta, indicates that government has officially written to parliament on modifications that has been made to the 2022 budget. According to the Minister, modifications have been made to four key issues out of the five raised by stakeholders including the Minority including Agyapa Royalties deal, tidal waves...
Former Finance Minister Seth Terkper has said that the expenditure related to the coronavirus pandemic should not be solely considered as responsible for the widening fiscal deficit but rather what is driving the debt is the funds used to resolve financial institutions and energy sector debt which were excluded...
Amid improved rainfall which has been better than the previous year, market watcher, Databank, anticipates that a better food harvest season could tame the rise in food inflation from the latter part of the third quarter to the fourth quarter. Although food inflation in June 2022 extended its gains by...
Ghana Statistical Service (GSS) is currently recruiting prospective trainers to participate in a Pre-Certification Training Programme of Trainers for Censuses. The pre-certification programme is being offered for both National Trainers (trainers of Regional trainers) and Regional Trainers (trainers of Field Officers). This training programme will combine virtual with in-person...
The country’s total revenue for July 2020 has showed significant improvement, even surpassing the target, amid lingering pressures from the coronavirus pandemic which have led to deceased economic activity. Data from the Bank of Ghana’s Monetary Policy Committee (MPC) report show that total revenue and grants for July exceeded the...
The country improved marginally on budget transparency – scoring 56 out of 100 – indicating public access to information on how the central government raises and spends public resources, the Open Budget Survey (OBS) has revealed. This is an increase from 54 recorded in 2019. The Open Budget Survey (OBS)...