“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, …
Economy and Finance
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Economy and FinanceNews
Govt snubs high treasury bill rate demands …despite heavy debt refinancing needs
by Adnan Adamsby Adnan AdamsThis 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 …
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Economy and FinanceNewsTechnology
Telecoms scrap E-levy ….following govt, directive
by Adnan Adamsby Adnan AdamsThis 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 …
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Economy and FinanceNews
Economist hopes Ghana gets IMF target waivers… as it concludes 4th review
by Adnan Adamsby Adnan AdamsTo 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 …
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Economy and FinanceNews
Exporters, analysts react to 10% U.S tariff on Ghanaian export amidst Ambassador’s reassurance
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Ghanaian exporters have reacted to the 10% tariff adjustment by the United States against all imports from Ghana highlighting a threat to Ghana-US bilateral …
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Economy and FinanceNewsPolitics
Align politics with business’ businessman urges … calls on successful entrepreneurs to mentor 300 youth each
by Adnan Adamsby Adnan AdamsSeidu 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 …
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Economy and FinanceNews
BoG data projects strong economic growth in 2025
by Adnan Adamsby Adnan AdamsData 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 …
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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 …
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Economy and FinanceNews
Gov’t reset agenda gets a lift …two important bills passed by Parliament despite concerns
by Adnan Adamsby Adnan AdamsThe 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 …
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Economy and FinanceNews
BoG raises benchmark interest rate to 28% …even as treasury bill rates hit two year low of less than 17%
by Adnan Adamsby Adnan AdamsThe 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 …