According to the PURC, the tariffs could be increased or decreased. The Director of Research at PURC, Dr Eric Kofi Obutey, has said, the Commission is engaging all the stakeholders to arrive at tariffs that will serve the need of Ghanaians as well as the service providers. The stakeholders as
“Arise Ghana”, is an amalgamation of activists who through advocacy and nationalistic mobilization, will seek to lead a crusade against the continuous misrule, mismanagement and maladministration of our dear nation Ghana by today’s duty bearers.
Development Finance Institutions across Africa have been tasked to beef up efforts to enhance credit rating positions to attract more global investments.
The Central Bank’s Summary of Economic and Financial Data revealed a minimal decrease in the number of active mobile money accounts from 18.9 million to 18.6 million between March and April this year.
The Bank of Ghana's data indicates, it secured GH¢470.4 million for the debt instrument, about 76% less than the targeted amount.
The domestic debt is a component of the total debt stock which stood at GH¢391.9 billion (equivalent of US$ 55.1 billion) as of March 2022, data from the Bank of Ghana indicate.
The Monetary Policy Committee (MPC) during its press conference indicated that, it observed that execution of the budget for the first quarter was broadly in line with targets although there was a minor deviation in the deficit target, stemming largely from low revenue receipts.
The economist opined that, the Central Bank maybe misdiagnosing the problem. He said, the increase in the BoG policy rate is in response to risk to the economy; high inflation, weak financial inter-mediation and fiscal stress, which is expected to trigger lending rate hike.
The improvement in export earnings was attributed to crude oil and non-traditional exports. Crude oil export receipts recorded significant growth of 61.0 per cent to US$1.9 billion, due to price effects, while gold exports improved by 3.6 per cent, also supported by price effects.
This has therefore lay bare the inflation targeting regime of the central bank, which it uses to control economy in terms of currency exchange rate and rate of economic growth, to criticisms by some economists as to whether it real works the magic or it is a 'try your luck' theory.