BUSINESS NEWS
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Moody’s upgrades Ghana’s local currency ratings to Caa3 from Ca, maintains stable outlook
Moody’s Investors Service (Moody’s) has upgraded the Government of Ghana’s local currency long-term issuer rating from Ca to Caa3, and…
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Remove non-tariff barriers to push AfCFTA – Sir Sam Jonah
The full potential of the African Continental Free Trade Area (AfCFTA) initiative can be realised if significant investment is made…
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We are confident of meeting IMF conditions for fiscal consolidation – Finance Minister
Government has stated that it is certain of meeting the International Monetary Fund’s (IMF) requirements for fiscal consolidation in its…
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BoG maintains policy rate at 29.5%
The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 29.5 per cent. Although inflation…
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Ghana had pre-existing fiscal and debt vulnerabilities – IMF
The International Monetary Fund (IMF) has revealed that Ghana’s pre-existing fiscal and debt vulnerabilities were exacerbated by large external shocks…
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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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