KNAUF GROUP VISITS VICE PRESIDENT DR. BAWUMIA

November 29, 2022 Mr. Joerge Kampmeyer, the General Partner of the Knauf Group, and Murat Akyildiz, Member of the Global Management Committee & Group General Manager for the Middle East/Africa/South Asia...

Written by:

November 29, 2022 / Comments (0)

Policy rate hits 27%; loans to become more expensive

November 29, 2022 The Bank of Ghana has increased its policy rate by 2.5 percentage points to 27%, citing risks to inflation and exchange rate concerns as reasons. This means cost of borrowing is expected to...

Written by:

November 29, 2022 / Comments (0)

Cedi to witness mixed performance this week

November 29, 2022 Given the looming sovereign debt treatments, the cedi is expected to see a mixed performance this week as investors continue to digest the 2023 budget. According to Databank Research,...

Written by:

November 29, 2022 / Comments (0)

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...

Written by:

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...

Written by:

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...

Written by:

November 25, 2022 / Comments (0)

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,...

Written by:

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...

Written by:

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...

Written by:

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...

Written by:

November 22, 2022 / Comments (0)