IEA forecasts 2% increase in policy rate to 26.5%

November 25, 2022 The Institute of Economic Affairs is forecasting an increase in the Policy Rate (PR) by 200 basis points to 26.5% when the Governor of the Bank of Ghana announced developments in the...

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November 25, 2022 / Comments (0)

Government to suspend interest payments for domestic bondholders and impose 30% haircut on foreign bonds

November 25, 2022 JoyNews can confirm that government is set to suspend interest payments for domestic bondholders and impose a 30% haircut on foreign bonds. Speaking exclusively to JoyNews after the...

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November 25, 2022 / Comments (0)

The Ministry of Trade and Industry (MoTI) has set up a 13-member steering committee to support and guide a successful implementation of the National Export Development Strategy (NEDS).

November 25, 2022 The committee, among others, is to work in collaboration with the inter-ministerial committee to diversify the non-traditional export sector of the economy in 10 years (2020-2029). It is...

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November 25, 2022 / Comments (2)

2023 Budget: VAT rate up by 2.5%

November 25, 2022 Government has reviewed upwards the Value Added Tax (VAT) by 2.5 percent. This means Ghanaians will from 2023 pay more for goods and services. This was announced by the Finance Minister,...

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November 25, 2022 / Comments (0)

E-levy rate reduced to 1%; ¢100 threshold removed

November 25, 2022 The government has reduced the Electronic Transfer Levy rate from 1.5% to 1%.  This, according to the government, will allow more Ghanaians to use the service. However, the daily...

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November 25, 2022 / Comments (0)

2023 Budget hinges on 7-point agenda for economic transformation – Ofori-Atta

November 25, 2022 Finance Minister, Ken Ofori-Atta has pointed out that the 2023 Budget is anchored on a seven-point agenda aimed at restoring macro-economic stability and accelerating Ghana’s economic...

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November 25, 2022 / Comments (0)

Government faces ¢2.83bn 5-year bond refinancing with 26% foreign holdings

November 22, 2022 The government is faced with refinancing a ¢2.83 billion 5-year bond, maturing on November 28, 2022 with 26% of foreign holdings. With the unfavourable pricing conditions, analysts expect...

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November 22, 2022 / Comments (0)

Telcos chamber hints of a likely increment in tariffs

November 22, 2022 The Ghana Chamber of Telecommunications says its industry members may have to increase their tariffs due to the present high cost of doing business in the country. Speaking to the media,...

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November 22, 2022 / Comments (0)

2023 Budget is “a make or break one” – IEA

November 21, 2022 The Institute of Economic Affairs (IEA) has described the 2023 Budget as a make or break one”, saying if it fails to get it right, near-irreversible damage could be done to the economy....

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November 21, 2022 / Comments (0)

IMF programme will restore macroeconomic stability – KPMG 2023 Pre Budget Survey

November 21, 2022 Sixty nine percent of industry leaders are confident the International Monetary Fund programme will help restore macroeconomic stability, a survey conducted by accounting and auditing firm,...

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November 21, 2022 / Comments (0)