The rate of inflation in the country has dropped for a 2nd straight month as the Ghana Statistical Service (GSS) has pegged the September 2023 rate at 38.1%.
Finance Minister Ken Ofori-Atta has reminded metropolitan, municipal and district assemblies (MMDAs) to ensure expeditious completion of ongoing projects to avoid expenditure commitments crystallising into judgment debts.
Sub-Saharan Africa will have a “stronger voice” at the International Monetary Fund as it will get a third seat on the global lender’s executive board, IMF chief Kristalina Georgieva has told AFP.
Ken Ofori-Atta, Finance Minister, has expressed confidence in the government securing a Memorandum of Understanding (MoU) with its external creditors by November.
The International Monetary Fund (IMF) says it has reached a preliminary agreement with the Ghanaian authorities on the economic policies and reforms to conclude the first review of the $3bn (£2.45bn)-bailout fund the country is currently receiving.
The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement regarding economic policies and reforms to conclude the first review of Ghana's three-year program under the Extended Credit Facility.
The Ghana Real Estate Developers Association (GREDA), the umbrella-body of property developers, has bemoaned the influx of illicit money into the real-estate sector – describing it as alarming and with dire repercussions for the economy.
Ghanaian executive Ebenezer Asante, vice president for West and Central Africa of MTN Group, Africa’s largest telecom services provider, saw his total compensation at the end of 2022 skyrocket by 69.10 percent, fueled by the exceptional financial performance of the telecom giant.
In the midst of regulatory hurdles and the imposition of an Electronic Transfer Levy, Ghana’s mobile money industry has emerged as a shining example of resilience and innovation in Africa.
Interest rates on T-Bills continue to surge despite a marginal undersubscription in the recent treasury bill auction. According to auction results released by the Bank of Ghana, the yield on the 364-day treasury bill saw a notable uptick, rising from 32.50% to a striking 32.85% compared to the previous week.
