In a challenging week for the Ghana Stock Exchange, both the GSE-Composite Index and the GSE-Financial Stocks Index experienced declines, marking the third consecutive week of benchmark index retrogression.
A plan by government dubbed the ‘Ghana Mutual Prosperity Dialogue’ that will provide a platform to identify and prioritise private sector participation and court investments into the country as part of economic recovery is expected to be outdoored soon, Finance Minister, Ken Ofori-Atta has disclosed.
Pierre Frank Laporte, the World Bank (WB) Country Director to Ghana, says Ghana’s energy sector debt is a major contributor to the country’s debt woes.
Ghana is poised to receive a significant financial boost as it prepares to receive the first tranche of $300 million out of a total $1 billion budget support funding from the World Bank.
The Western Region office of the National Petroleum Authority (NPA) in collaboration with some security agencies has closed down and revoked the licenses of four filling stations for failing to meet the requirements of the Authority.
Ghanaians will from today, Thursday, June 1, 2023, pay more for electricity and water tariffs as the increment announced by the Public Utilities Regulatory Authority (PURC) takes off.
In a concerted effort to achieve fiscal discipline and propel the country towards sustainable economic growth, the Ghanaian government has set its sights on reducing public sector compensation by 0.5% of the nation’s GDP.
The Ghana Revenue Authority (GRA) will from June 6, 2023, begin implementing a compliance tool, known as “Upfront Payment” to encourage persons required to register for VAT to do so, and file tax returns.
In a bid to bolster economic activity and counter the headwinds faced by Ghana’s economy, the Bank of Ghana (BoG) is expected to embark on an aggressive monetary easing cycle, according to a recent report by Fitch Solutions.
