Bond market: Total market turnover declines by 72.03% to ¢78.75m

June 7, 2023 Trading activity on the secondary bond market lost steam last week as the 4-year and 5-year new bonds registered lower transactions than the preceding week. According to trading results, a...

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June 7, 2023 / Comments (0)

Global growth to slow to 2.1% in 2023; prospects clouded by financial risks – World Bank

June 7, 2023 Global growth has slowed sharply and the risk of financial stress in Emerging Market and Developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the...

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June 7, 2023 / Comments (0)

Importers who qualify to register for VAT and have failed to do so will be charged an additional 12.5% – GRA

June 6, 2023 The Ghana Revenue Authority (GRA) has announced to the general public especially importers, that with the passage of the VAT (Amendment) Act, 2022 (Act 1082), all importers who qualify to...

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June 6, 2023 / Comments (0)

Ghana expected to reach moderate risk of debt distress by 2028 – IMF

May 31, 2023 Ghana is expected to reach a moderate risk of debt distress by 2028, the International Monetary Fund has disclosed in its Staff Report on Ghana. It pointed out that the bulk of the domestic...

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May 31, 2023 / Comments (0)

PURC justifies tariff adjustment expected to take place from tomorrow June 1

May 31, 2023 The Public Utilities Regulatory Commission (PURC) has justified its decision to adjust tariffs in the second quarter of 2023. According to the commission, the move is needed to sustain the...

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May 31, 2023 / Comments (0)

Fixed investment to grow at a low 1.3% in 2023 – Fitch Solutions

May 31, 2023 Fixed investment in Ghana will grow by a subdued 1.3% in 2023, below the 2015-2019 average of 2.7%, adding 0.3 percentage points to the headline growth. According to Fitch Solutions, this...

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May 31, 2023 / Comments (0)

Pressure mounts on cedi; loses 9% in value to dollar last week

May 31, 2023 Pressure on the Ghana cedi continues to surge after some sterling performance two weeks ago, making it the world’s top-performing currency during the period. The local currency lost about...

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May 31, 2023 / Comments (0)

Non-VAT registered importers to pay 12.5% upfront

May 31, 2023 The Ghana Revenue Authority (GRA) will start the imposition of an upfront 12.5 per cent Value Added Tax (VAT) on the customs value of taxable goods at all ports of entry with effect from...

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May 31, 2023 / Comments (0)

Bond market: Trading volume declines 27.6%; market activity vibrant

May 31, 2023 Market activity on the bond market was vibrant, with improved interest in various tenors on the bourse. However, the total volume traded declined to ¢281.57 million, about 27.60% fall over...

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May 31, 2023 / Comments (0)

Petrol, diesel prices to stay same; LPG to go down 5% – IES

May 31, 2023 Prices of petrol and diesel are expected to stay the same in the first two weeks of June 2023. However, the price of Liquefied Petroleum Gas (LPG) is expected to decline by roughly 5%...

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May 31, 2023 / Comments (0)