Ghana economy

Notwithstanding the significant improvement in the trade surplus, the current account deficit widened to US$1.1 billion, compared with US$762.0 million recorded in the same period of 2021.

The local currency has depreciated by about 18.89% to the dollar on the interbank market and 26% on the retail market.

The country’s total revenue will end 2022 at ¢89.0 billion, far below the target of ¢100.5 billion, the July 2022 Africa Monitor Report by Fitch Solutions has revealed.

The figure means that the Month-on-month inflation between May 2022 and June  2022 stood at 3.0 percent.

As government has initiated discussion with the International Monetary Fund (IMF), many Ghanaians and policy analyst expect tough economic policy changes, especially with cutting down on expenditure and possible cancellation …

The renowned economist with University of Cape Coast (UCC) urged government not to give in to the negative attitude of some fear government officials who fear the reconciliation and full …

According to the Central Bank agriculture has broader implications on the economy, including price stability, exchange rate stability and generation export revenues from the sector.

The government spent about ¢10.6 billion to pay interest on loans in the first quarter of this year, with a chunk being used to service domestic debt.

This was to help our readers grasp with what the picture of the economy looks and what IMF program can bring to better the outlook of the economy.

Some finance experts have indicated the need for government to engage the International Monetary Fund at this moment of the country’s economic conditions.