Fitch upgrades Ghana’s rating to ‘CCC’

March 22, 2023 International ratings agency, Fitch Ratings, has upgraded Ghana’s Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. The upgrade of the ratings on...

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March 22, 2023 / Comments (0)

Producer Price Inflation falls to 50.8% in February 2023

March 22, 2023 The Producer Price Inflation, which measures the average change over time in the prices received by domestic producers to produce their goods and services, fell to 50.8% in February 2023,...

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March 22, 2023 / Comments (0)

Cedi may record mixed performance to dollar this week

March 22, 2023 The Ghana cedi may record mixed performance against the US dollar this week. This will be similar to what transpired last week as the local currency depreciated by a marginal 0.20% to the...

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March 22, 2023 / Comments (0)

Inflation could fall sharply to below 40% by April 2023 – REDD Intelligence Senior Analyst

March 22, 2023 Inflation could fall sharply to below 40% by April 2023. According to a Senior Credit Research Analyst at REDD Intelligence, Mark Bohlund, his base effects analysis indicate that inflation...

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March 22, 2023 / Comments (0)

Ofori-Atta leaves for China for crucial debt restructuring negotiations

March 22, 2023 Finance Minister Ken Ofori Atta has left Accra for China to have negotiations on debt restructuring with officials of that country.  Sources say the Minister left over the weekend via...

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March 22, 2023 / Comments (0)

Trading of government bonds falls by 21.09% to ¢119.05m

March 21, 2023 Volume traded on the new Government of Ghana bonds fell by 21.09% week-on-week to ¢119.05 million last week. This follows the completion of the Domestic Debt Exchange Programme. According...

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March 21, 2023 / Comments (0)

Ecobank Ghana named Best Trade Finance Provider by Global Finance Magazine

March 21, 2023 Ecobank Ghana, part of the leading pan-African banking Group, Ecobank, has been named Ghana’s ‘Best Trade Finance Provider 2023’. Ecobank Ghana beat a host of other banks to win the...

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March 21, 2023 / Comments (0)

Interest rates on falling spree; government T-bills oversubscribed by 40%

March 21, 2023 Interest rates fell once again as government Treasury bills was oversubscribed by about 40.3% to the tune of ¢3.89 billion. According to the auctioning results by the Bank of Ghana, demand...

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March 21, 2023 / Comments (0)

Volkswagen takes over the responsibility of vehicle assembly in Ghana

March 21, 2023 Volkswagen is reaffirming its commitment to the development of the automotive industry in Ghana with the opening of a new vehicle assembly facility in Accra. With this move, Volkswagen also...

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March 21, 2023 / Comments (0)

Move to streamline procurement processes in Ghana: GIPS, KPMG sign MoU to enhance sound practices

March 21, 2023 Two bodies have signed an agreement to advance sound procurement practices in Ghana. They are the Ghana Institute of Procurement and Supply (GIPS) and auditing and consulting firm, KPMG...

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March 21, 2023 / Comments (0)