Economy
Government yet to settle ¢4.33bn public sector SSNIT contributions – 2021 Auditor-General’s Report
Government is yet to settle public sector workers’ contributions to the Social Security and National Insurance Trust (SSNIT), amounting to...
Fitch Solutions forecasts 43% depreciation of cedi to dollar in 2022
Fitch Solutions is forecasting a 43% depreciation of the cedi to the US dollar in 2022. It is also projecting...
Cedi hits ¢10 to a dollar; BoG measures may halt depreciation in short-term
The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 18th,...
Ghana doubles IMF funding goal to US$3 billion in three years
Ghana’s government is in talks over a loan of about $3 billion from the International Monetary Fund (IMF), according to...
Fitch downgrades Ghana to ‘CCC’ days after poor S&P grading
Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it...
Inflation rises further to 31.7% in July 2022; Transport major driver
Year-on-year inflation crossed the 30% mark to hit 31.7% in the month of July 2022, data from the Ghana Statistical...
Bank Of Ghana denies printing GH¢22 Billion to fund budget
The Bank of Ghana (BoG) has refuted suggestions by the Minority in Parliament that it printed money to the tune...
IMF revises global growth rate to 3.2% in 2022
The International Monetary Fund has revised the growth rate of the global economy to 3.2% in 2022, 0.4 percentage point...
Renegotiated power deals save Ghana US$13.2bn – Finance Minister
The Finance Minister, Ken Ofori-Atta has disclosed that government has saved US$13.2 billion from renegotiated power deals with six Independent...
Fitch Solutions revises Ghana’s growth rate downwards to 2.6% in 2022
Fitch Solutions has shockingly revised Ghana’s growth rate to 2.6% in 2022, from its earlier forecast of 4.8%. This is...
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