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Govt to exchange US$809m in newly announced dollar denominated DDEP

July 17, 2023 The government has announced a new Domestic Debt Exchange Programme (DDEP) for US dollar denominated bonds targeting to exchange US$ 809 million of the denominated notes and bonds. “The...

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July 17, 2023 / Comments (0)

Ghana’s fiscal economy to recover strongly; budget deficit to narrow substantially to 5.7% of GDP in 2023 – Fitch Solutions

July 13, 2023 Ghana’s fiscal economy is expected to recover significantly this year as the budget deficit would narrow substantially to 5.7% of Gross Domestic Product (GDP) in 2023/2024, down from an...

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July 13, 2023 / Comments (0)

Inflation rate for June goes up marginally

July 12, 2023 Inflation rate has gone up marginally to 42.5 percent in June 2023, from the 42.2 percent recorded in the month of May 2023. This was announced by the Ghana Statistical Service (GSS) on...

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July 12, 2023 / Comments (0)

Ghana overtake Egypt with highest interest rates among 15 top African countries

July 12, 2023 Ghana overtook Egypt with the highest interest rates among 15 top African countries. According to the Weekly Fixed Income Update compiled by some investment firms, the rates of about 24.39%...

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July 12, 2023 / Comments (0)

GIPC CEO highlights green investments as key to attracting global attention

July 11, 2023 In a recent Economic Counselors Dialogue, the CEO of the Ghana Investment Promotion Center, Yofi Grant shed light on the declining Foreign Direct Investment (FDI) landscape in Africa,...

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July 11, 2023 / Comments (0)

Bond market: Total market turnover declines 48.5% to ¢133.96m

July 11, 2023 Total market turnover on the secondary bond market declined 48.52% week-on-week to ¢133.96 million last week. This was primarily driven by a 45.00% week-on-week downturn in trades across...

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July 11, 2023 / Comments (0)

Ofori-Atta confident Ghana will secure 2nd tranche of $600m from IMF

July 11, 2023 The Minister of Finance, Ken Ofori Atta, is optimistic government will secure a Staff-Level Agreement with the International Monetary Fund for the disbursement of the second tranche of the...

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July 11, 2023 / Comments (0)

Bank of Ghana to auction US$120 million to BDCs in 2023 third quarter

July 11, 2023 The Bank of Ghana will in the third quarter of 2023 sell $120 million to Bulk Oil Distribution Companies (BDCs) under the FX Forward Auction Calendar for the same period. the calendar, $40...

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July 11, 2023 / Comments (0)

We are committed to helping Ghana fast track economic recovery – German Ambassador

July 11, 2023 The German Ambassador to Ghana, Daniel Krull, has reiterated his country’s support towards helping Ghana fast track economic recovery. According to him, securing its 3 billion dollars IMF...

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July 11, 2023 / Comments (0)

EIU reaffirms Ghana’s end-year inflation rate of 38.1% on average

July 11, 2023 Economist Intelligence Unit (EIU) is reaffirming its end-year inflation rate of 38.1% on average for Ghana in 2023. This means some prices of goods and services will remain high this year....

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July 11, 2023 / Comments (0)