Browsing: Economy and Finance

This means that government is openly calling the bluff of investors who are gradually pulling back from buying treasury bills that offer interest rates that are between 450 and 700 basis points below year on year consumer price inflation.

This comes as President John Dramani Mahama assented to the Electronic Transfer Levy Act, 2022 (Act 1075) and the Electronic Transfer Levy (Amendment) Act, 2022 (Act 1089) bill, which abolishes the 1% E-levy.

To this, an economist and lecturer at University of Ghana Business School believes Ghana is likely to obtain waivers on some of its performance targets, suggesting that the IMF will likely accommodate some of the missed targets as the President Mahama administration is new.

Adnan Adams Mohammed Ghanaian exporters have reacted to the 10% tariff adjustment by the United States against…

Seidu Agongo, the Chief Executive of defunct Heritage Bank in an interview last week highlighted the challenges business leaders face and the need for policymakers to deliberately adopt business perspectives into decision-making.

Data released at the latest Monetary Policy Committee press briefing at the end of March reveals that the first two months of this year have recorded increased economic activity, improved sentiments by both consumers and businesses as well as a build-up in business inventories.

Gold prices crossed the US$3,000 per fine ounce on March 14, 2025, on account of heightened economic uncertainty triggered by the trade and geopolitical tensions, persistent inflation, and weakening US dollar”, the Governor of the Bank of Ghana, Dr Johnson Asiama told journalists last week.

The government is permitted to spend GH¢293 billion from the Consolidated Fund and other public funds for the 2025 financial year per the Appropriation bill with GH¢68 billion allocated for wages and salaries and GH¢13 billion for the payment of arrears.

The Ghana Reference Rate, which serves effectively as the base lending rate for all commercial banks – being computed by them in collaboration with the BoG – has been a little higher at 29.72% in January and 29.96% in February.

“We will need the active involvement of the National Intelligence Bureau (NIB), alongside the NPA’s intelligence unit and other security agencies like the Police, Customs, and Fire Service, to combat all forms of fuel-related crimes,” the Chief Executive of NPA, Godwin Edudzi Tameklo.