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Daily: 0.30p | Weekly: GHS 2 | Monthly: GHs 9
Convince official creditors to urgently restructure $5.4bn loans – Peprah to government
Cedi to depreciate 8.4% to dollar in 2024; mid-dollar rate to hover at ¢13.10 – Report
This should be last time, it’s a painful exercise – Prof. Quartey cautions government against over borrowing
Ghana expects $1.15bn in funding by late February as creditors near deal
YEA announces continued opening of BEAP portal for business applicants
Limited digital infrastructure hampering full transition into cashless economy – eTranzact CEO
2023 KPMG Survey: Ecobank Ghana tops retail banking segment’s ability to resolve customer resolution
Ghana’s official creditors to meet Monday to discuss debt restructuring terms
Ghana’s Official Creditors to convene for debt restructuring talks on Jan. 8
We will continue to engage Ofori-Atta, Cabinet to review some taxes in 2024 Budget – AGI
GUTA urges government to strengthen economic stability in 2024
Ghana’s inflation on course to outperform IMF’s target for end-2023 – Report
Cost of doing business in Ghana is still high – AGI laments
Cedi ended 2023 with depreciation of 15.57% to dollar
GRA goes after $2.8bn accounts of Ghanaians overseas
Ghanaians turned to savings in foreign currency to protect investments – KPMG Survey
External debt restructuring: Ghana will secure deal with bilateral creditors by February 2024 – Prof. Quartey
Food and transportation are primary expenses for Ghanaians; major drivers of inflation – KPMG
Third-party insurance premiums up from January 1; ¢482 for private cars and ¢637 for taxis
Joy Business End of Year Review: Panel members describe 2023 challenging; advise government to continue economic recovery plan
10% withholding tax on lottery and betting winnings starts from Monday January 1, 2024
Implementation of 5 new taxes could be tied to completion of public education- GRA
Cocoa Syndicated Loan inflows ease pressure on cedi; $1 equals ¢12.18
External debt restructuring: Ghana to reach agreement with bilateral and commercial creditors in early and mid-2024 – Fitch Solutions
Hubtel introduces Hubtel Academy to equip employees for success and growth
Tax on ride hailing vehicles part of measures to expand tax net – GRA
Fitch Solutions revises Ghana’s 2024 GDP growth forecast to 3.5%
Household spending to grow 3.9% to ¢114.2bn in 2024 – Fitch Solutions
We will reallocate some project funds if not utilised by June 2024 – World Bank warns Ghana
First tranche of Cocoa Syndicated Loan credited to BoG account
GNCCI, Expertise France train over 1000 small and medium business leaders in digitalisation
Full Circle Africa Economic Conference launches with focus on business innovation
World Bank rebuffs claims of not doing enough to prevent Ghana’s economic crises
Sandvik Mining unveils fresh new look
Ghana’s economy has “Turned the Corner” – World Bank Country Director
Maxwell Investments Group partners Joy Business for entrepreneurial segment
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Most Recent
Cedi to end 2024, 2025 at GH¢16.07, GH¢17.23 to one dollar – EIU
Optimal OMD appoints Taniya Mondal as MD
Economy to remain on recovery path but growth projected at 3.6% in 2025 – Databank
Deloitte lists mining, financial services, 3 other sectors to watchout in 2025
Deloitte forecasts average inflation of 11.9% for Ghana in 2025
Ghana slowly retracing steps back to path of macroeconomic stability – Deloitte
Ghana’s debt service-to-revenue ratio reached all-time high of 127% in 2020, highest in SSA – IMF
Ghana’s consolidation efforts under IMF progamme to continue to be based on revenue
We are ready for “24 Hour Economy” policy provided there is the needed incentives – business associations
Clear policy needed to fill tax holes, no new taxes required – Chamber of Commerce and Industry CEO
First tax to go should be COVID-19 levy, E-levy, and VAT reviewed – Mark Badu-Aboagye
Fitch expects outlook for sub-Saharan African sovereigns to be neutral in 2025
Ghana’s external position moderately stronger -IMF
Maintain a tight monetary policy stance – IMF to BoG
Ghana spent nearly half of revenue on debt servicing in 5 years
Former Finance Minister Seth Terkper justifies national dialogue on IMF borrowing and economic recovery
Persistent rise in inflation in Ghana, Nigeria to stifle economic growth – Deloitte
‘We are handing over a strong economy’ – Finance Minister
Cedi narrows its year-to-date loss; one dollar equals GH¢15.65
Ghana’s capacity to repay IMF adequate but significant downside risks persist
Reducing food inflation must be a priority in Mahama’s administration – Prof. Gatsi
World Shoe launches in Accra
Current financial year proving challenging for COCOBOD – IMF
Automobile association describes prospects of industry as positive
OISL holds workshop for youth start-up businesses in Accra
Plans to scrap betting tax, others in a bankrupt economy unjustifiable
Ghana loses billions of dollars to illicit financial flows -Economist
Ghana’s growth rate to gradually increase to 5% beyond 2024 – IMF
Central banks gold reserves: Ghana places 5th in Africa
Africa to end 2024 on economic upswing – EIU
Gains achieved so far under the ECF programme fragile – IMF cautions Ghana
Mahama’s administration will leverage infrastructure development to create jobs – Seth Terkper
IMF programme renegotiation will be guided by plans to reset economy – Terkper
Over 500,000 businesses; 5,000 companies risk delisting – Registrar
EBID President underscores crucial role of DFIs in facilitating development in Africa
There are positive signals that Ghana’s economy is bouncing back to pre-Covid-19 era – Seth Terkper
7.2% growth for Q3 underscores government’s commitment to fiscal consolidation – Finance Ministry
Proposals to review Ghana’s programme should be guided by ECF objectives- IMF warns
Ghana’s high debt distress classification to be reviewed after 2028 – IMF
Ghana’s debt to GDP ratio to stay above 60% till 2027 – S&P
Fitch Solutions maintains 4.4% GDP growth forecast for 2025; predicts tight spending by NDC
Ghana’s economy expands by 7.2% in Q3 of 2024
Fiscal consolidation in Ghana, others to gain renewed focus in 2025 – Fitch Solutions
Cedi remains stable with a positive outlook; one dollar going for GH¢16.10
President-elect Mahama justifies plans to remove nuisance taxes
Cedi expected to be biggest beneficiary from smooth elections
30 startups compete for $150k seed fund at Africa Health Collaborative KNUST Pitch Competition 2
Tullow Oil CEO Rahul Dhir to step down
Donewell Insurance has not rebranded – CEO affirms
Ghana recorded trade surplus of GH₵3.9bn in quarter 3 of 2024 – GSS
99.2% of gold exported to 4 countries; UAE is top destination – Report
Togbe Afede’s dream of establishing Aviation Academy in Ho hangs in the balance after paying over $30k to GACL
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