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World Bank maintains 1.6% growth rate for Ghana in 2023

June 7, 2023 The World Bank has maintained its 1.6% Gross Domestic Product (GDP) growth forecast for Ghana in 2023, far lower than the expected 3.2% for Sub-Saharan Africa. This places it in the 42nd...

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June 7, 2023 / Comments (0)

Ghana expected to reach moderate risk of debt distress by 2028 – IMF

May 31, 2023 Ghana is expected to reach a moderate risk of debt distress by 2028, the International Monetary Fund has disclosed in its Staff Report on Ghana. It pointed out that the bulk of the domestic...

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May 31, 2023 / Comments (0)

BoG to commence monetary policy easing in quarter 4; inflation to fall further – Fitch Solutions

May 26, 2023 The Bank of Ghana will commence a monetary easing cycle in the 4th quarter of 2023, cutting the policy rate by 200 basis points (bps) to 27.50% by end-2023. According to Fitch...

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May 26, 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)

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)

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)

We will soon witness a stable exchange rate regime – Ghanaian-German Economic Association

May 22, 2023 The Ghanaian-German Economic Association is hopeful Ghana’s exchange rate regime will experience some stability against other major foreign currencies. This comes after the Executive...

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May 22, 2023 / Comments (0)

IMF Regional Economic Outlook Report — Ghana in perspective

May 2, 2023 Sub-Saharan African countries are facing a funding squeeze due to persistent global inflation and tighter monetary policies, resulting in higher borrowing costs and pressure on exchange...

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May 2, 2023 / Comments (0)

Global Inflation slowly falling but economic growth remains historically low – IMF Researcher

April 26, 2023 A Researcher at the International Monetary Fund (IMF) Pierre-Olivier Gourinchas has said this year’s economic slowdown is concentrated in advanced economies, especially the euro area and...

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April 26, 2023 / Comments (0)

Ghana’s public debt to GDP decreased by 1% despite debt restructuring – Fitch

April 26, 2023 Despite a significant redemption reprofiling and a substantial reduction in interest rates, Ghana’s public debt-to-Gross Domestic Product (GDP) has only decreased by one percentage point...

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April 26, 2023 / Comments (0)