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The report by Future of Trade acknowledges that PAPSS holds immense potential to transform intra-African trade by streamlining payments, reducing costs, and boosting efficiency, achieving widespread adoption across the continent requires overcoming several challenges.

This shows a significant jump in the economic activities when compared to the GH¢614.33 billion recorded in 2022. 

The E-levy charge covers mobile money payments, bank transfers, merchant payments, and inward remittances (Ghana Revenue Authority, 2022).

The United Bank for Africa (UBA) Ghana last week cut sod for its new state-of-the-art head office building project located at West Cantonments in Accra.

Mastercard Foundation Africa Growth Fund expands its portfolio with three new deals

This is evident by the half year average growth rate of 3.2 percent recorded in 2023 compared to 2.9 percent recorded for the same period in 2022.

Guided by the medium-term policy objectives, the government is targeting a moderate real Gross Domestic Product (GDP) to grow at an average rate of 2.8 percent in 2024-2027. 

Ghana faces stive debt accumulation matrix. But Fitch is projecting that the public debt could decline by 4 percent of GDP at the end of 2024 to 95% of GDP and further to 94% in 2025 at the back of continues fiscal consolidation and stabilisation of the cedi.

Adnan Adams Mohammed  Government’s plan to merger two major state banks National Investment Bank (NIB) and the Agricultural…

Adnan Adams Mohammed Ghana’s fiscal deficit-to-Gross Domestic Product (GDP) ratio is estimated to record 4.6 percent…