Is deficit financing back? BOG 2020 budget deficit support at 53%? It seems the Bank of Ghana (BOG) May 2020 Monetary Policy Committee (MPC) Report cites the US Fed and US Treasury to prepare our minds for a significant shift its past conservative fiscal stance to an aggressive one....
Debt to GDP hits 59.3% Primary balance contracts to 3.4% Total revenue only 2.7% of GDP The macroeconomic data of the country is flashing red light signals of danger ahead, as it is showing rising debt levels against shortfalls in revenue amid the impact of coronavirus pandemic; thereby...
As part of measures to close the yawning budget deficit gap created by impacts of the coronavirus pandemic, the central bank has triggered its emergency financing provision that will allow it to support government to the tune of GH¢10billion this year. Since 2016 when Ghana entered into an Extended Credit...
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 price of imported fresh tomatoes has sharply increased, as traders now have to travel up north to neighbouring Burkina Faso to buy fresh tomatoes for sale on the local market. This perennial shortage of the vegetable and reliance on Ghana’s northern neighbour to meet local demand for the commodity...
The decline in headline inflation for January to 10.3 percent is likely to push the central bank to continue its reduction in the monetary policy rate, Barclays Africa has said. According to a release by the research arm of the bank, “the deceleration in inflation will have been positively received...