Investment in new oilfields will be slow, delaying a resurgence of real GDP growth to pre-coronavirus levels, despite efforts by the government to facilitate industrialisation under the Covid-19 Alleviation and …
Ghana economy
-
-
Economy and FinanceNewsTechnology
Standard Bank predicts economic growth of 6.2% in 2022 amidst low Eurobond market access
by Adnan Adamsby Adnan AdamsAs global risk may worsen further in the first-half of 2022, and Ghana’s ability to tap the Eurobond market may further wane. Foreign exchange reserves could remain under pressure in …
-
Economy and FinanceNewsTechnology
Govt to borrow GHC24.6b for 2nd quarter
by Adnan Adamsby Adnan AdamsOf the GH¢24.696 billion, GHȼ20.102 billion would be used to rollover maturities, while the remaining GH¢4.593 billion which is fresh issuance, would be used to meet Government’s financing requirements
-
Agric and EnvironmentEconomy and FinanceNews
High ‘cost of doing business’ a major burden to businesses
by Adnan Adamsby Adnan AdamsThe cost of doing business is high – and most of this is deliberate and orchestrated by the organisations who sometimes deliberately make doing business cumbersome so that the people …
-
Agric and EnvironmentEconomy and FinanceNewsPoliticsTechnology
Gov’t strives to tame Cedi fall as it tops Africa worst currency table
by Adnan Adamsby Adnan AdamsAccording to a Bloomberg report, the Ghana Cedi depreciated by 18.21 percent against the U.S dollar in the first quarter of 2022. This places the Cedi as the worst-performing currency …
-
Agric and EnvironmentEconomy and FinanceNewsTechnology
Inflation returns to target band in March 2023
by Adnan Adamsby Adnan AdamsThe Bank of Ghana’s latest forecast still depicts an elevated inflation profile in the near term, with inflation falling within the medium-term target band within a year.
-
Economy and FinanceNewsTechnology
Ghana’s bonds rally as investors react positively to passage of E-Levy
by Adnan Adamsby Adnan AdamsAccording to Bloomberg, the yield on the country’s $1 billion bond maturing in 2026 declined for the sixth consecutive day, as President Nana Akufo-Addo reiterated government’s commitment to get the …
-
Agric and EnvironmentEconomy and FinanceNewsPolitics
Gov’t to increase domestic revenue with new approach
by Adnan Adamsby Adnan AdamsThe 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 …
-
Agric and EnvironmentEconomy and FinanceNewsTechnology
Growing Ghana’s E-commerce; a catalyst for economic development
by Adnan Adamsby Adnan AdamsBesides mobile money, several factors have contributed to the emergence of e-commerce in Ghana chief among which is the level of internet penetration. According to Kepois, a social media research …
-
Agric and EnvironmentEconomy and FinanceNews
Bokpin backs Fitch; warns govt against drawing from reserves
by Adnan Adamsby Adnan AdamsFitch 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 …