President Akufo-Addo has appealed to Japanese Prime Minister, Fumio Kishida to help Ghana’s bid for a $3 billion bailout at the International Monetary Fund (IMF).
State-owned Oil Marketing Company, Goil, has posted a strong profit of GHS 81m at the close of the 2022 financial year, up from the previous year’s profit of GHS 61m.
Ghana’s economy is expected to experience a significant slowdown in 2023, with a projected expansion of 1.3%, according to a report by the Economist Intelligence Unit.
Ghana’s economic recovery faces further delays as the International Monetary Fund (IMF) board approval for its support program is at risk of being delayed due to prolonged external debt-restructuring negotiations.
The Ghana Revenue Authority (GRA) has announced that the implementation date for the new and revised taxes, which were introduced in the 2023 Budget, will be May 1, 2023.
The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously re-appointed Dr George Agyekum Nana Donkor as President of the Bank for the second term of five years beginning February 1, 2024.
President Akufo-Addo and the Chancellor of the Federal Republic of Austria, Karl Nehammer have agreed on key areas of cooperation primary on strengthening existing bilateral ties between the two countries.
The Vice President, Dr. Mahamudu Bawumia has implored investors from Austria to take advantage of Ghana’s economic and political stability to invest in the country.
The government has started discussions with the Global Legal Entity Identity Foundation to provide a unique global legal identity to all businesses in Ghana, Vice-President Dr Mahamudu Bawumia has said.
The recent analysis of the Domestic Debt Restructuring in Ghana has revealed that the country’s 23 banks will incur substantial losses due to a reduced coupon rate and an extension of the maturity period from five to 15 years.
