Ghana economy

Ghana is a country that is promising a lot but is always under-delivering; the government hasn’t been able to turn the economy around”, it said in its latest report on …

One of the renowned analyst warned that, any of such move may result in Ghana not being able to go to the capital markets for many years to come.

It also indicated that, it injected about US$10.8 billion directly into the economy out of which  US$3.6 billion was spent on operating costs.

This means that cost of credit to households and the private sector would rise steadily in the next couple of months.

According to Fitch, the possibility of new revenue measures could lead to a further shrinkage of deficit in 2023, but the government’s slim majority in parliament could frustrate attempts to …

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.

Prices of goods and services have shot up by a thousand percentage (100%) with fuel products being the most hit in record time in the country.

the new E-VAT, the government seeks to raise GH¢750 million if the Value Added Tax Amendment bill, which introduces the E-Vat policy, is passed by parliament.

the revision of the end-period inflation for 2022, as part of the re-jigging of the entire macroeconomic framework, has been necessitated by a significantly-changed macroeconomic environment.

Ghana’s economy showed signs of serious challenges even before COVID-19 struck. The World Bank’s country director has been emphatic that our economic challenges persisted even before the COVID-19 crises.