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$3bn IMF deal: Let’s brace ourselves for the needed reforms – Finance Minister

June 20, 2023 The Minister of Finance Ken Ofori-Atta has reiterated that securing the International Monetary Fund (IMF) programme is not an end to Ghana’s current challenges. He said the programme has...

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June 20, 2023 / Comments (0)

25% of Ghana’s debt mainly from SOEs – Ofori-Atta

June 20, 2023 Finance Minister, Ken Ofori-Atta, has indicated that about 25% of Ghana’s assessed debt burden emanates from non-central government operations, mainly from State Owned Enterprises (SOEs)...

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June 20, 2023 / Comments (0)

Upward inflation to linger over next 2 months – Report

June 20, 2023 The upward Inflation is expected to linger over the next two months, as a result of the implementation of the three new taxes in May 2023. The taxes – Excise Duty and Excise Tax Stamp...

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June 20, 2023 / Comments (0)

Ghana’s economy showing signs of stabilisation – IMF

June 20, 2023 The International Monetary Fund (IMF) staff team led by Stéphane Roudet has acknowledged that Ghana’s economy is bouncing back barely a month after the Executive Board approved the $3...

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June 20, 2023 / Comments (0)

Ecobank Ghana PLC records 40.3% revenue growth in 2022

June 14, 2023 ECOBANK Ghana PLC has despite the shocks of the Domestic Debt Exchange Programme and the general decline of the Ghanaian economy, the bank managed to increase its total revenue for 2022 by...

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June 14, 2023 / Comments (0)

Ghana has long way to restructure its debt; second round of DDEP expected – Fitch

June 14, 2023 Ghana has a long way to go to restructure its more than 400 billion debt, rating agency, Fitch, said. According to the UK-based firm, there could be a second round of the Domestic Debt...

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June 14, 2023 / Comments (0)

Inflation for May 2023 increases marginally to 42.2%

June 14, 2023 The year-on-year Inflation for May 2023 jumped to 42.2% from 41.2 % recorded in April 2023. The marginal increase was largely influenced by a spike in Food Inflation during the period....

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June 14, 2023 / Comments (0)

Ghana’s local currency ratings upgraded by Moody’s

June 13, 2023 Moody’s Investors Service has upgraded the Government of Ghana’s local currency long-term issuer rating from Ca to Caa3, with a stable outlook. The local currency rating has...

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June 13, 2023 / Comments (0)

Reduce duties on raw materials at the ports – AGI to government

June 7, 2023 The Chief Executive of the Ghana Association of Industries (AGI), Seth Twum Akwaboah, has called for a reduction in duties paid on raw materials used in printing and packaging in the...

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June 7, 2023 / Comments (0)

IMF proposes acquisition, mergers of banks to mitigate financial sector instability

June 7, 2023 The International Monetary Fund (IMF) is asking government to consider a possible acquisition and mergers of banks and other non-bank financial instructions as part of moves to mitigate the...

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June 7, 2023 / Comments (0)