Ghana economy deteriorating Archives

Inflation to Peak in Q3, end year at 22% – Fitch

August 13, 2022 62 0

The ratings released last week, projected annual average inflation of 22% in 2022, slowing to 16% in 2023. Fitch's projection is better than Ghana government's revised projected end year inflation of 28.5% as presented by the Finance Minister, Ken Ofori-Atta, during the presentation of the

Economy News Politics

Deteriorating Public Finance: Fitch Downgrades Ghana’s IDR to ‘CCC’

August 13, 2022 7 0

The downgrade reflects deterioration of Ghana's public finances, which has contributed to a prolonged lack of access to Eurobond markets, in turn leading to a significant decline in external liquidity.

Banking Economy News

Cedi to deteriorate further as S&P scares foreign investors

August 6, 2022 46 0

The Covid-19 pandemic and the conflict in Russia have magnified Ghana’s fiscal and external imbalances, S&P said.

Banking Economy News

Using monetary policy to control inflation: Economists look elsewhere for solution

June 13, 2022 156 0

They believe the Bank of Ghana’s measures put in place to curb the consistent rise in inflation are either not working or the situation is not being diagnosed properly. Both, are thereby calling on the government through the finance ministry to consider other factors such as the fiscal space.

Banking Business Economy News Politics

Inflation to worsen further

May 17, 2022 128 0

Year on year inflation is expected to worsen further in the coming months in the wake of the decision by the Public Utility Regulation Commission to hike tariffs of electricity and water as well as increase in transport fares by the transport operators in the country.

Banking Economy News Politics

Gofer Delegators Or Economic Managers – Dr Monfant quizzes

March 28, 2022 244 0

Dr Jerry Monfant, an economist has described the current managers of Ghana's economy as absolutely clueless about establishing good economic models to forestall the looming economic dangers.

Business Economy News Politics

Gov’t to increase domestic revenue with new approach

March 28, 2022 212 0

The government is of the believed that expenditure cut alone will not be enough to revive the ailing economy and that the government’s focus is two-fold: to control expenditure and to raise more revenues domestically.

Business Economy News

Bokpin backs Fitch; warns govt against drawing from reserves

March 14, 2022 174 0

Fitch Ratings in a podcast said Ghana’s international reserves position has become very reliant on Eurobond issuance. Indicating that, Ghana is not in a situation where the government needs to constantly roll over hard currency debt or whose debt market is wholly reliant on non-resident investors. In supporting the Fitch's position, the University of Ghana economist noted