Economy
Another interest rate hike inevitable next week
At the beginning of next week the Bank of Ghana will certainly raise its benchmark Monetary Policy Rate significantly. TOMA...
Economy growing strongly, data suggests robust pick-up – Governor
The Ghanaian economy is growing strongly despite the threat of rising inflation and the recent sharp volatility of the cedi,...
Rising inflation is a surprise to us, we’ll deal with it decisively – Governor
The Governor of the Bank of Ghana, Dr. Ernest Addison, has described the rising inflation rate of nearly 24% as...
Economy is heading in right direction; we won’t seek IMF relief – Finance Minister
Finance Minister, Ken Ofori-Atta, has reiterated government’s commitment of not seeking assistance from the International Monetary Fund (IMF), to relief...
Surging food prices, transport fares, push inflation to 23.6% in April 2022
Surging food prices once again drove inflation for the month of April, 2022 to 23.6%, figures from the Ghana Statistical...
Economy to become 12th fastest growing in Sub-Saharan Africa in 2022
Ghana’s economy is expected to become the 12th fastest growing economy in Sub-Saharan Africa in 2022 with an expected growth...
Tough reforms needed to improve financing gap—BoG
Madam Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana (BOG) says that a boost in Africa’s...
We can’t stop foreign companies from repatriating profits – GIPC
The Ghana Investment Promotion Center (GIPC) has rejected calls to prevent foreign businesses from repatriating all their funds in foreign...
World Bank announces $170bn fund to address “multiple overlapping crises” facing global economies
The World Bank Group has announced that over the coming weeks it will be discussing with its Governors and Board...
World Bank affirms 5.5% expansion of Ghana’s economy in 2022; raises concern again about rising debt
The World Bank has affirmed its forecast of 5.5% expansion of the Ghanaian economy in 2022, higher than Sub Saharan...
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