There are early indications to suggest that the currency and debt markets are responding favourably to details of the Ghana Domestic Debt Exchange Programme, with the cedi recording a respectable appreciation against the US dollar following announcement of the programme.
A note published by the research arm of Rand Merchant...
Project funded by Japanese grant of US$26.9m
The construction work on Phase 2 of the improvement of Tema Motorway Roundabout project, being funded by the Japan International Cooperation Agency (JICA) at a cost of about US$26.9million, has started.
The project, which is to provide a third tier on the existing...
Candour, transparency and accountability are key factors which will make farmers and agribusinesses secure financing for their work, Managing Director of Ghana Incentive-Based Risk-Sharing System for Agricultural Lending Project (GIRSAL), Kwesi Korboe, has said.
Financing is a major booster for agribusinesses and farmers, but most times securing it has become...
The Bank of Ghana has upgraded the GH₵1 coin with enhanced security features. The Bank will issue the upgraded GH₵1 coin into circulation from Monday 12th December 2022.
The coin is similar to the existing GH₵1 coin in shape, form and images; the Coat of Arms in front and the...
Key findings
Record rise in charges amid strong cost inflation
Price pressures hit demand and activity
Employment down for fifth month running
Business conditions in Ghana's private sector continued to deteriorate markedly in November, as currency weakness and steep inflationary pressures hit demand. In fact, the
latest increase in output prices...
Data from the State Insurance Company (SIC) have revealed a 25.7 percent decline in transit trade from the first quarter to third quarter of 2022.
This was made known by the Head of Inter-State Road Transit (ISRT) at SIC, Mr. Anthony Osei Ntiamoah, during the 4th quarter Transit Shipper Committee...
The Chamber of Corporate Trustees has rejected the government’s debt exchange programme, arguing “it is injurious to the interest of contributors to pension schemes.”
In a press release sighted by the Business and Financial Times, Thomas Kwesi Esso, CA, Executive Secretary of the Trustees, assured contributors to pension schemes that...
The President of the Chartered Institute of Human Resource Management Ghana (CIHRM), Dr. Edward Kwapong, has charged Human Resource (HR) Practitioners to use Prudent HR Practices in this harsh economic condition of Ghana and other parts of the world.
According to the CIHRM President, there is no gainsaying that the...
Finance Minister Ken Ofori-Atta has argued that the recently-initiated domestic debt exchange programme (DEP) will be a necessary tool to recalibrate the prevailing interest rate regime and return the country’s debt situation to more sustainable levels.
He, therefore, called on holders of domestic debt to voluntarily exchange approximately GH¢137billion of...
Rapid exchange rate depreciation, high inflation and suspension of the residual fuel oil (RFO) have pushed up prices of locally made textiles, with the industry’s growth taking a big hit this year.
The cedi has lost about 53.8 percent of its value since beginning of the year, according to the...
