Browsing: Economy and Finance

Ghana’s pivotal change of government from the erstwhile profligate Nana Akufo-Addo administration to the much more fiscally restrained incumbent President John Dramani Mahama administration, coupled with favourable developments in the country’s key international commodity export markets have changed the exchange rate trajectory sharply.

“Whilst the present trade situation is being sorted out, including a plea for the possibility of tariff exemptions for most of Africa, since this is where the largest number of Least Developed Countries (32 of the 44) are found, I have a message for the continent itself.

the Ministry of Finance has unveiled a series of ambitious structural reforms aimed at restoring fiscal discipline, increasing transparency, and reinforcing debt sustainability, as part of Ghana’s ongoing IMF-supported recovery programme.

This persuaded the GSE and SEC to design a formalized framework for the issuance of CPs in Ghana, which was launched nearly a year ago. Under the framework a CP may be interest bearing or issued at a discount to face value as may bedetermined by the Issuer

Read statement below: PRESS STATEMENT 14TH APRIL, 2025 1. The general public is respectfully  informed,…

The relative exchange stability enjoyed by the cedi during the latter years of the previous decade and the start of this one were primarily achieved by heavy borrowing of US dollars in the form of annual Eurobond issues of US$3 billion, most of which was used to prop up the supply of foreign exchange on the local currency market.

By Albert Neenyi Ayirebi-Acquah, FCCA Public finances are tight. Every cedi counts. But how do we know if we’re allocating…

The debt, which stands at US$ 400 million has been reduced to US$ 200 million, but with a cash payment component of US$ 10 million which is to be paid over a period of time, the Minister for Communications, Digital Technology and Innovation, Samuel Nartey George has revealed.

Addressing the media from Washington, D.C., Secretary-General of AfCFTA, Wamkele Mene, emphasised that the decision by U.S President, Donald Trump, underscores the urgent need for African nations to fast-track the implementation of policies that promote intra-African trade and reduce overreliance on global powers.

“While the policy tightening will affect funding costs and credit pricing in the near term, the financial system is well-positioned to absorb these effects”, Governor of the Bank of Ghana, Dr. Johnson Asiama, speaking at the maiden post-MPC meeting with CEOs of commercial banks in Accra last week, noted.