Browsing: Economy

According to Standard Bank, the decline in the trade ranking of Ghana “is mainly due to a worsening macroeconomic environment and falling trade confidence.”

The coalition argues that ECG’s recent engagement of Fidelity Bank as the “single account” custodian, alongside its large-scale foreign exchange transactions with the bank involving millions of dollars, should have been subjected to public procurement procedures.

Ms Awadzi emphasised that beyond encouraging women to open bank accounts, there should be incentives for them to use these accounts to grow their businesses.

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.