The banking sector’s profit before tax was GH¢4.4 billion, representing 21.6 percent annual growth in June 2022, compared to 32.1 percent in the previous year.
According to the Bank of Ghana, (BoG), private sector credit increased significantly by 33.7 percent in June 2022, compared with 6.8 percent in the same period of 2021. However, in real terms, the private sector credit recorded a 3.0 percent growth.
"Cabinet has granted a special dispensation to allow the completion of the construction of stranded LPG stations across the country”, the NPA stated in a press statement last week.
the revision of the end-period inflation for 2022, as part of the re-jigging of the entire macroeconomic framework, has been necessitated by a significantly-changed macroeconomic environment.
Notwithstanding the significant improvement in the trade surplus, the current account deficit widened to US$1.1 billion, compared with US$762.0 million recorded in the same period of 2021.
Sales of the US dollar stood at US$25 million. This translate into a percentage shortfall in supply of about 80 percent.
This peg the difference in the market rates at about 14 percent or GH¢1.0.
According to the Minister over, 12 million Ghanaians have so far linked their Ghana Cards to their SIM Cards, against almost 16 million Ghanaians who have received their Ghana card as reported by the National Identification Authority.
The Ministry of Finance has accepted the business plan for the first domestic credit rating agency to be established with key market regulators as shareholders. The institutions have already accepted the proposal and working to get the agency established. The entities are the National Insurance Commission, the National Pensions Regulatory Authority and the Ghana Stock […]
The survey report released by CDD-Ghana shows, out of the total sample size, only 9 percent of Ghanaians are confident that the government will use revenue from the E-levy to fund development. This means, about 91% Ghanaians have no confident in the government when it comes to judicious utilisation of tax monies.