Browsing: Economy
The government is set to collaborate with private sector players and investors to cultivate over 10,000 hectares of cocoa, a…
Last week America’s President Donald Trump fulfilled his electoral promise of signing an Executive Order that imposes varying levels of…
This comes as President John Dramani Mahama assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) bill, which abolishes the 1% E-levy.
To this, an economist and lecturer at University of Ghana Business School believes Ghana is likely to obtain waivers on some of its performance targets, suggesting that the IMF will likely accommodate some of the missed targets as the President Mahama administration is new.
Data released at the latest Monetary Policy Committee press briefing at the end of March reveals that the first two months of this year have recorded increased economic activity, improved sentiments by both consumers and businesses as well as a build-up in business inventories.
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.