Browsing: Economy
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…
Adnan Adams Mohammed After losing approximately 24 percent of its value against the US dollar, the Ghana…
Adnan Adams Mohammed The Ghana Association of Banks (GAB) have adopted stringent measures to help in prompt…
MTN Ayo Insurance fleeces customers
The Executive Board of the International Monetary Fund (IMF) has reviewed the Fund’s charges and surcharge policy, resulting in a…