GGEA ELECTS NEW BOARD OF DIRECTORS

November 30, 2022 The Ghanaian-German Economic Association (GGEA) at its Annual General Meeting (AGM) held on the 23rd of November 2022, elected a New Board into office to govern the business of the...

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November 30, 2022 / Comments (0)

Moody’s downgrades Ghana to further junk status, warns investors could lose in debt restructuring

November 30, 2022 Moody’s has downgraded the Government of Ghana’s long-term issuer ratings to Ca from Caa2 or further junk status and changed the outlook to stable. This concludes the review for...

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November 30, 2022 / Comments (0)

Kasapreko wins the Overall Best Industrial Company of the Year

November 30, 2022 The Association of Ghana Industries (AGI) announces Kasapreko Company Limited as the “Overall Best Industrial Company of the Year” as well as the “Best Company in the Beverage...

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November 30, 2022 / Comments (0)

Focus on compliance, additional 2.5% VAT to impact cost of doing business – KPMG to government

November 30, 2022 Accounting firm, KPMG says the imposition of an additional 2.5% Valued Added TAX (VAT) on standard-rated supplies would impact cost of doing business in the country. It, therefore, wants...

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November 30, 2022 / Comments (0)

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...

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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...

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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,...

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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...

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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...

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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...

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November 25, 2022 / Comments (2)