Browsing: Economy
The leader of Ghana’s delegation, Governor of the Bank of Ghana (BoG), Dr. Ernest Addison and his team engaged with Dr. Heike Harmgart, Managing Director for Sub-Saharan Africa at the EBRD.
The International Monetary Fund (IMF) has projected Ghana’s Debt-to-GDP ratio to end 2024 at 82.9 percent. This was contained in…
A former board member of the Public Utilities and Regulatory Commission (PURC), Dr Nii Darko Asante, has placed the blame…
The Association of Ghana Industries (AGI) is making a strong case for an improvement in Ghana’s macroeconomic indicators. Chief Executive…
The IMF has projected the country’s Gross Domestic Product, (GDP) growth at a rate of 4 percent for 2024, according…
Mr Pierre-Olivier Gourinchas, the IMF’s Chief Economist, said global headline inflation, which peaked at 9.4% in the third quarter of 2022, is expected to drop to 3.5% by the end of next year.
This resulted in an outright debt cancellation of about $5 billion and debt service relief of $4.3 billion, bringing total savings to approximately $12 billion.
The elevated interest payments, which has brought a situation of tight external and domestic financial conditions since 2022, will created a budget financing gap.
According to the Bank’s published financial figures for the first nine months of 2024, the bank recorded impressive profit before tax of GHC176.414 million compared with GHC26.999 million recorded during the same period in 2023, representing a profit growth of over 600 percent.
Adnan Adams Mohammed The National Petroleum Authority (NPA) has introduced a new price floor for the second pricing…