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Ghanaian-German Economic Association inaugurates 5-member board

May 24, 2023 The Ghanaian-German Economic Association (GGEA) has inaugurated a new board of directors. The elected five-member board who were inaugurated by the German Ambassador, Daniel Krull, would...

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May 24, 2023 / Comments (0)

New taxes, tariff hikes crucial for Ghana’s bailout – IMF

May 23, 2023 The International Monetary Fund (IMF) has justified the adoption of three mobilization measures as well as the increase in utility costs as Ghana attempts to fix its balance of payment...

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May 23, 2023 / Comments (0)

GSE equity market: Activity positive; ¢25.2m shares change hands

May 23, 2023 Market activity on the Ghana Stock Exchange (GSE) equity market was upbeat last week, with 14.5 million shares worth ¢25.2 million changing hands across 25 counters. MTN Ghana and GCB Bank...

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May 23, 2023 / Comments (0)

Ghana raises electricity tariffs by more than 18%

May 23, 2023 Ghana has raised the average end-user tariff for electricity by 18.36% for the second quarter of 2023, adding on to an almost 30% increase in the first quarter, its utilities regulator said...

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May 23, 2023 / Comments (0)

Bond market: Trading activity bounces back; ¢388.91m value traded

May 23, 2023 Trading activity on the bond market bounced back last week, as total value traded shot up by 34% to ¢388.91 million. According to the market data, activity in the new bonds also regained...

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May 23, 2023 / Comments (0)

Germany government launches initiative to support innovative start-ups in Ghana

May 23, 2023 The German government has launched an initiative to support tech-related and innovative startups here in Ghana. The StArfrica, funded by the German Federal Ministry for Economic Affairs and...

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May 23, 2023 / Comments (0)

IMF board approves Ghana’s $3bn bailout to revive ailing economy

May 23, 2023 The International Monetary Fund’s executive board has approved a $3 billion, three-year extended credit facility for Ghana, three senior Ghanaian officials said on Wednesday, as the West...

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May 23, 2023 / Comments (0)

Ghana’s debt falls to ¢434.6bn; now 71.2% of GDP – BoG

May 23, 2023 The country’s public debt dropped in December 2022 to end the year as data published by the Bank of Ghana shows debt to GDP is now 71.2 percent. Per the Central Bank’s Summary of...

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May 23, 2023 / Comments (0)

GIPC warns SMEs against ‘dubious’ business development and funding program

May 23, 2023 The Ghana Investment Promotion Centre (GIPC) has issued a strong cautionary statement to the public regarding a fraudulent funding program targeting small and medium-scale businesses. The...

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May 23, 2023 / Comments (0)

BoG keeps policy rate unchanged at 29.5%; cost of loans to remain high

May 23, 2023 The Monetary Policy Committee (MPC) of the Bank of Ghana has kept its policy rate unchanged at 29.5%. It cited a slowdown in inflation as the main reason to the unchanged rate, which is the...

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May 23, 2023 / Comments (0)