Interest rates likely to fall significantly – IMF

April 11, 2023 Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according to a forecast. The International Monetary...

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April 11, 2023 / Comments (0)

Ghana’s bilateral creditors set to clear way for $3bn IMF bailout

April 11, 2023 Ghana hopes to take a big step towards restructuring its $58 billion-worth of debt this week, with its bilateral creditors meeting on Tuesday, April 11, 20223, to discuss whether to provide...

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April 11, 2023 / Comments (0)

Cedi continues strong performance; $1 now ¢10.80

April 5, 2023 The Ghana cedi continued its strong run against the US dollar today, April 4, 2023, as it sold below ¢11. Checks by Joy Business at the forex bureaus indicate that the cedi is going for...

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April 5, 2023 / Comments (0)

Inflation in Ghana, 2 others to stay above 50% in 2023; will accelerate by over 3% – World Bank

April 5, 2023 Inflation in Ghana, Uganda, and Burundi is expected to accelerate by more than 3 percentage points in 2023 from last year. This means inflation will stay above 50% this year. Inflation...

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April 5, 2023 / Comments (0)

Kasapreko Group Chairman receives Presidential Honour at 2023 National Honours and Awards

April 5, 2023 Kasapreko Company Limited and its Group Chairman, Dr. Kwabena Adjei, have been honoured by President Nana Addo Dankwa Akufo-Addo at the 2023 National Honours and Awards ceremony in Accra,...

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April 5, 2023 / Comments (0)

Total trade on new government bonds falls by 38.03%

April 5, 2023 Market activity on domestic sovereign bonds slumped last week as total trade retreated 38.03% week-on-week to ¢62.31 million. Interest in the new bonds, according to trading results,...

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April 5, 2023 / Comments (0)

World Bank lowers Ghana’s growth rate to below 2% in 2023

April 5, 2023 The World Bank has lowered Ghana’s growth rate to under 2.0% in 2023, placing it at the 29th position in Sub-Saharan Africa, its April 2023 Africa Pulse Report has revealed. This is...

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April 5, 2023 / Comments (0)

ACEP fears prices of fuel will go up after OPEC+ announced oil output cuts

April 5, 2023 Energy think tank the Africa Centre for Energy Policy (ACEP) has expressed fears that prices of fuel may go up after Saudi Arabia and other OPEC+ oil producers on Sunday announced further...

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April 5, 2023 / Comments (0)

Proposed Investor Protection Fund expected to be operational from 2024

April 4, 2023 The Director General of the Securities and Exchange Commission (SEC) Rev. Daniel Ogbarmey Tetteh has disclosed that the proposed Investor Protection Fund is scheduled to take off from...

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April 4, 2023 / Comments (0)

BoG to keep policy rate steady at 30.5% in 2024 – Fitch Solutions

April 4, 2023 Fitch Solutions has indicated that the Bank of Ghana will keep the policy rate on hold at 30.5% in 2024. This is coming after the Central Bank adjusted its key lending rate to banks at...

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April 4, 2023 / Comments (0)