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Bond market: Total market turnover surges 91.52% to ¢336.8m

July 25, 2023 Total market turnover on the secondary bond market upsurged by 91.52% week-on-week to ¢336.87 million. This shows that activities on the bond market are improving. The upturn in aggregate...

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July 25, 2023 / Comments (0)

Monetary policy rate increased by 0.5% points from 29.5% to 30%

July 24, 2023 The Monetary Policy Committee has increased the monetary policy rate by 0.5 percentage points from 29.5 per cent to 30 per cent. The increase was due elevated risks to inflation driven by...

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July 24, 2023 / Comments (0)

Ghana’s economy expected to recover its potential by 2025 – World Bank

July 20, 2023 The World Bank says its expects Ghana’s economy to start recovery from 2025. A combination of domestic imbalances and external shocks in 2022, led to macroeconomic challenges in Ghana....

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July 20, 2023 / Comments (0)

Africans have not fully tapped into regional trade – World Bank

July 19, 2023 The Managing Director of Operations at World Bank, Anna Bjerde has emphasized the need for Africans to optimize intra- African trade to address the continent’s economic challenges....

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July 19, 2023 / Comments (0)

Presentation of mid-year budget review rescheduled to July 25

July 19, 2023 The Minister of Finance, Ken Ofori-Atta, is expected to present the Mid-year budget review to Parliament on Tuesday, July 25, 2023. The house had earlier announced that the mid-year budget...

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July 19, 2023 / Comments (0)

Trading community mounts pressure on government to cut taxes, enforce investments laws to control rising importation

July 19, 2023 The trading community in Ghana is mounting pressure on the government to use the Mid-Year Budget to cut taxes while enforcing the investment laws to control the rising level of importation...

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July 19, 2023 / Comments (0)

Producer inflation falls slightly to 29.2% in June 2023

July 19, 2023 The Producer Price Index (PPI) rate for June 2023 fell to 29.2%, from 30.3% recorded in May 2023, data from the Ghana Statistical Service has revealed. This rate indicates that between June...

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July 19, 2023 / Comments (0)

MPC to hold policy rate steady at 29.50%; lending rates to remain unchanged

July 19, 2023 The Monetary Policy Committee is expected to hold the policy rate at 29.50%. According to GCB Capital, this will be in support of growth and economic activity as it expects the disinflation...

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July 19, 2023 / Comments (0)

Fuel prices go up

July 19, 2023 There have been marginal fuel price hikes at major filling stations in the country. A visit to the pumps by 3news.com on Monday, July 17 showed that petrol prices have jumped from GH¢12.30...

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July 19, 2023 / Comments (0)

Economic activities in Ghana will get worse before getting better – Fitch Solutions

July 17, 2023 Fitch Solutions has reaffirmed its position that economic activities in Ghana will get worse before getting better in 2023. This is coming despite the expansion of the economy by 4.2%...

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July 17, 2023 / Comments (0)