Ghana’s economy hits GHȼ1 trillion mark: A mixed bag of success and struggle

May 28, 2024 In a significant stride forward, Ghana’s economy has achieved a significant milestone by crossing the GHȼ1 trillion Gross Domestic Product (GDP) threshold, a projection initially...

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May 28, 2024 / Comments (0)

Ghana’s economy grew by 2.9% in 2023 – GSS

March 20, 2024 Ghana’s economy recorded a 2.9% Gross Domestic Product (GDP) growth in 2023, stronger than the revised 1.5% by the Finance Ministry. The growth rate is slower than the 3.1% recorded in...

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March 20, 2024 / Comments (0)

28 developing countries including Ghana remain stuck in debt trap – World Bank

February 21, 2024 The World Bank has disclosed that 28 developing economies including Ghana with – the weakest credit ratings – remain stuck in a debt trap with no hope of escape anytime soon....

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February 21, 2024 / Comments (0)

Ghana’s fiscal deficit to narrow to 4.5% of GDP in 2024; GH¢55.93bn to be spent on interest  payments

February 5, 2024 Ghana’s fiscal deficit to Gross Domestic Product (GDP) ratio is expected to narrow to 4.5% ± 50 basis points in 2024, Databank Research has disclosed. This is due to interest savings...

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February 5, 2024 / Comments (0)

Total exports hit $16.6 billion at end-2023 – BoG

January 29, 2024 Latest data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data for January 2024, shows that the country as of December 2023 had received $16.6 billion from its exports...

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January 29, 2024 / Comments (0)

Ghana’s fiscal economy to improve significantly; Fiscal deficit to GDP estimated at 5.0% in 2024 – IMF

January 22, 2024 Ghana’s fiscal economy is expected to improve significantly in the next four years as the International Monetary Fund (IMF) is projecting a lower fiscal deficit to Gross Domestic Product...

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January 22, 2024 / Comments (0)

Ghana attains all fiscal targets in line with IMF programme – BoG

November 29, 2023 Fiscal Policy Implementation for the first half of the year has been in line with the performance criteria under the International Monetary Fund Economic Credit Facility (ECF)-supported...

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November 29, 2023 / Comments (0)

KPMG predicts doubling of Ghana’s growth rate in 2024

November 6, 2023 Auditing and Accounting firm, KPMG, is predicting a doubling of Ghana’s Gross Domestic Product (GDP) growth in 2024. The forecast, it said, is based on some expected foreign inflows which...

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November 6, 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...

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October 25, 2023 / Comments (0)

IMF lowers Ghana’s growth rate further to 1.2%

October 11, 2023 The International Monetary Fund has further lowered Ghana’s growth rate to 1.2%, from the July 2023 forecast of 1.6%. This is the second time the Fund has revised Ghana’s Gross Domestic...

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October 11, 2023 / Comments (0)