Banks recover in capitalization due to strong growth in 2023 profit – Fitch

February 27, 2024 A significant growth in profitability of banks in 2023 driven by exceptionally high yields on treasury bills is helping the financial intermediaries recover in capitalization from the large...

Written by:

February 27, 2024 / Comments (0)

Inflation to average 18% in 2024 – Fitch Solution

January 31, 2024 Inflation will ease throughout 2024 averaging 18% in 2024, Fitch Solutions has predicted. It insists the easing inflation will force the Bank of Ghana to cut the policy rate by 800 basis...

Written by:

January 31, 2024 / Comments (0)

BoG to cut policy rate by 8% to 22% in 2024 – Fitch Solutions

January 17, 2024 Fitch Solutions has stated that the Bank of Ghana will embark upon a sizeable monetary easing cycle, cutting the policy rate by a cumulative 800 basis points to 22.00% by the end of 2024....

Written by:

January 17, 2024 / Comments (0)

Economy to reach gradual path to recovery in 2024, but lower than pre-pandemic average – Fitch Solutions

November 22, 2023 Fitch Solutions has reiterated that Ghana’s economy will reach the gradual path to recovery in 2024. However, growth will remain below its pre-pandemic average of about 5%. The UK-based...

Written by:

November 22, 2023 / Comments (0)

Ghana’s public debt to reach 99% of GDP in 2023 – Fitch

October 25, 2023 Rating agency, Fitch, expects Ghana’s public sector debt to reach 99% of Gross Domestic Debt at the end of 2023, from 88% in 2022. This it says will be driven by a depreciation of the...

Written by:

October 25, 2023 / Comments (0)

Cedi to end 2023 at ¢11.40 to a dollar – Fitch Solutions

September 12, 2023 Fitch Solutions is forecasting that the Ghana cedi would end 2023 at ¢11.40 against the US dollar. This is lower than the ¢12.40 it predicted early in the year, at a time Ghana was yet to...

Written by:

September 12, 2023 / Comments (0)

Core inflation, rising interest rates remain key credit risks – Fitch

August 22, 2023 Inflation and interest rates remain the most significant watch item for global credit, Fitch Ratings has disclosed in its latest Risk Headquarters report. According to the rating agency,...

Written by:

August 22, 2023 / Comments (0)

Ghana to reach debt deal with external creditors in quarter 2, 2024 – Fitch Solutions

July 28, 2023 Fitch Solutions believes that Ghana will reach a debt deal with its external creditors in the second half of 2024. According to the UK-based firm, this should provide tailwinds to the...

Written by:

July 28, 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%...

Written by:

July 17, 2023 / Comments (0)

Ghana’s fiscal economy to recover strongly; budget deficit to narrow substantially to 5.7% of GDP in 2023 – Fitch Solutions

July 13, 2023 Ghana’s fiscal economy is expected to recover significantly this year as the budget deficit would narrow substantially to 5.7% of Gross Domestic Product (GDP) in 2023/2024, down from an...

Written by:

July 13, 2023 / Comments (0)