Economy
BoG hikes policy rate to 24.5%; loans to become more expensive
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis point...
Fitch downgrades Ghana to further ‘junk’ status
Rating agency, Fitch, has downgraded Ghana’s Long-Term Local – and Foreign-Currency Issuer Default Ratings (IDRs) to ‘CC’ or further junk...
Economy expands by 4.8% in quarter 2, 2022
Ghana’s economy expanded by 4.8% in the second quarter of this year, higher than the 3.4% recorded in the first...
IMF’s mission to Ghana has been constructive; another team coming soon
The International Monetary Fund (IMF) has described its mission to Ghana as constructive. According to the Fund, another team from...
Ghana’s economy will bounce back from present challenges – outgoing IMF Country Representative
The outgoing Resident Representative of the International Monetary Fund, Dr Albert Touna Mama, is optimistic Ghana’s economy will bounce back...
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...
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