Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse $600 million to the West African nation, Finance Minister Ken Ofori-Atta said.
The rate of inflation fell for the fifth consecutive month to 23.2 percent in December compared to 26.4 per cent in November, the Ghana Statistical Service has announced.
The market anticipates an elevation in Treasury bill yields throughout Q1 and Q2 of 2024, with the Treasury market retaining its position as the primary commercial financing avenue for government.
Bank of Ghana (BoG) Governor Dr Ernest Addison has conveyed optimism regarding prospective impacts from the domestic gold for reserves programme in strengthening reserves as the country moves into 2024.
The Bank of Ghana has granted authorization to some 16 forex exchange (FX) broker institutions for the transaction of local and international FX on the forex market.
In a significant development, Richard Nii Armah Quaye, the Founder and Board Chairman of Quick Credit, has declared that the company will cease its house-to-house loan recovery operations.
Businessman-author Robert Kiyosaki, known for his ‘Rich Dad, Poor Dad’ series of personal finance books, recently shared that he is under a debt of $1.2 billion.
Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some US$5.4 billion in loans to the country, three sources told Reuters, a key step needed to secure its next tranche of funding from the International Monetary Fund (IMF).
The Ghana Online Drivers Union (GODU) is threatening a nationwide strike if stakeholders do not address their concerns on the introduction of the Vehicle Income Tax(VIT) for ride-hailing drivers.
The Ghana Revenue Authority (GRA) has informed the general public, particularly lotto patrons and operators, about the commencement of the implementation of a 10% withholding tax on the gross winnings from all lotteries, including lotto, betting, gaming, and other games of chance.
According to Fitch Solutions, it forecasts real household spending (at 2010 levels) to grow by 3.9% y-o-y in 2024. This will come as both inflationary pressures and debt servicing costs ease.
As we approach the end of 2023, it’s time to reflect on our financial journey, learn from past mistakes, and set the stage for a prosperous year ahead.
The Ghana Revenue Authority (GRA) has issued a notice to ride-hailing vehicle owners that effective January 1, 2024 it will implement a new tax policy called the Value Income Tax (VIT).
