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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 Service has revealed. However, the rate of inflation...
Any alternatives to the International Monetary Fund (IMF) Africa should be looking at?
The International Monetary Fund (IMF) was established to ensure global economic stability. This is done by providing financial assistance to countries facing economic difficulties. In recent years, the...
Akufo- Addo nominates Lariba Zuweira Abudu as Minister for Gender
President Akufo-Addo has appointed the Deputy Minister for Gender, Children and Social Protection, Lariba Zuweira Abudu as Minister designate for Gender, Children and Social Protection. A statement issued...
MTN paid ¢1.2bn taxes to government in half-year 2022
Leading mobile service provider, MTN Ghana paid ¢1.2 billion in direct and indirect taxes during the first-half of 2022. According to its 2022 half-year Financial Statement, it registered...
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 of ¢22.04 billion to finance the government’s budget....
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 lower than in the April 2022 World Economic...
Credit to private sector recovers to pre-pandemic levels; total advances hit ¢24.6bn
Credit to the private sector is recovering to the pre-pandemic levels, reflecting commercial banks’ portfolio rebalancing. According to the Monetary Policy Report by the Bank of Ghana, private...
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 Power Producers (IPPs). According to him, the companies...