Browsing: News

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.

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.

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.

Adnan Adams Mohammed The family of the late business mogul, Alhaji Asoma Abu Banda, has denounced the 40th…

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…