Browsing: Economy
Gold traded at over US$3,000 per fine ounce for the very first time on March 14, this is after gold prices averaged US$2,897.3 per fine ounce in February this year, indicating year-on-year price growth of 9.7 percent.
The Ghana Reference Rate, which serves effectively as the base lending rate for all commercial banks – being computed by them in collaboration with the BoG – has been a little higher at 29.72% in January and 29.96% in February.
Dr Ato Forson called for the support of pension funds in line with their core investment strategy, which is to invest in bonds.
As at last week, the local currency traded averagely at a rate of GH¢15.53 to the US dollar on the interbank market. However, in January and February 2025, the local currency lost 5.3% and 3.9% in value respectively to the US dollar.
Prof. William Coffie believes that existing financial institutions, such as microfinance agencies, the Ghana Enterprise Agency (GEA), and the yet-to-be-established Women’s Bank, could serve as avenues to promote tax compliance among small businesses.
In his proposal at the National Economic Dialogue 2025, the Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, called for the establishment of an independent fiscal responsibility council with real enforcement powers and a legislated debt ceiling of 60% of Gross Domestic Product to ensure prudent economic management.
The Benchmark price for 2025 has been calculated as a seven-year moving average of prices at US$74.70 per barrel for crude oil and the Gas price is projected at US$7.11 per MMBtu.
By Nelson Kofi Akatey The President, His Excellency John Dramani Mahama has within the first 120 days of his Administration…
The Ministry of Energy and Green Transition, in collaboration with key stakeholders, has initiated plans to revitalize the Ghana…
Adnan Adams Mohammed Ghana’s benchmark crude oil production for this year has been projected at an average of 126,994.49 barrels…