BUSINESS NEWS
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Cedi becomes world’s best performer ahead of anticipated IMF bailout – Bloomberg
The Ghana Cedi, has outperformed all other global currencies against the US dollar over the past six months, buoyed by…
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$600m 1st tranche IMF cash coming
The first tranche of the $3 billion International Monetary Fund (IMF) support will be released immediately after the Executive Board…
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IMF optimistic Ghana’s creditors will soon come to an agreement on debt restructuring
Ghana is expected to soon reach an agreement with its external creditors, particularly the Paris Club, on restructuring the country’s…
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BoG urges commercial banks to lower lending rates as inflation figures decline
The commercial banks operating in Ghana have been urged by the Bank of Ghana to lower their lending rates while…
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Inflation for April drops to 41.2%
Inflation has dropped to 41.2% for the month of April 2023. This represents a 3.8 percentage point decrease from the…
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Ghana cedi to end 2023 at ¢12.40 to a dollar – Fitch
Fitch Solutions has predicted that the Ghana cedi will end 2023 at a rate of ¢12.40 to one US dollar,…
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Ghana bags $3.5bn from non-traditional exports in 2022
The Value of Ghana’s Non-Traditional Exports increased to 3.5 billion dollars in 2022 from the 3.3 billion dollars recorded in…
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Help us secure $3bn IMF deal – Akufo-Addo to Japan’s PM
President Nana Addo Dankwa Akufo-Addo is courting the support of Japan to help Ghana reach an agreement with the International…
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GRA set to implement 3 new taxes on May 1
The Ghana Revenue Authority (GRA) has announced that the implementation date for the new and revised taxes, which were introduced…
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Fitch downgrades Ghana’s long-term local currency to RD
Fitch Ratings has lowered the Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) of the nation to restricted default (RD) from…
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