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IMF Board approval for Ghana programme scheduled for January 2023 – Redd Intelligence

December 20, 2022 The approval of a programme for Ghana by the Board of the International Monetary Fund is expected to come off at the earliest in January 2023, Singapore-based Redd Intelligence has stated....

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December 20, 2022 / Comments (0)

Debt restructuring: Government suspends Eurobonds, external debt payments

December 20, 2022 The government has announced suspension of all debt service payments under certain categories of external debt, pending an orderly restructuring of the affected obligations. The suspension...

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December 20, 2022 / Comments (0)

Fitch Solutions predicts stronger cedi in 2023

December 15, 2022 According to its latest analysis of Ghana’s 2023 Economic Outlook, it said the likely programme from the International Monetary Fund (IMF) signals through investors that the government is...

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December 15, 2022 / Comments (0)

Inflation hits 50.3% in November

December 14, 2022 Ghana’s year-on-year inflation surged to 50.3 per cent in November, up from 40.4 per cent in October, the Ghana Statistical Service announced today (Wednesday, December 14, 2022)....

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December 14, 2022 / Comments (0)

Ofori-Atta: $3bn IMF deal will help tackle inflation, strengthen cedi

December 14, 2022 The Finance Minister, Ken Ofori-Atta, has hailed the Staff-level Agreement with the International Monetary Fund for a new three-year arrangement under the Extended Credit Facility (ECF) of...

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December 14, 2022 / Comments (0)

Cedi now ¢11.50 to $1

December 14, 2022 The Ghana cedi has ramped up in value against the dollar after appreciating by more than 20% in less than two weeks. Ghana’s currency enjoyed the longest appreciation period this year in...

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December 14, 2022 / Comments (0)

Confidence in foreign exchange market to support cedi’s rally

December 13, 2022 Confidence in the foreign exchange market is expected to support the cedi’s rally against the US dollar and the other major foreign currencies in the coming weeks. This follows rising...

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December 13, 2022 / Comments (0)

IMF reaches Staff-Level Agreement on a $3bn, 3 years Extended Credit Facility with Ghana

December 13, 2022 The International Monetary Fund staff and government have reached a Staff-Level Agreement on economic policies and reforms to be supported by a new three-year arrangement under the Extended...

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December 13, 2022 / Comments (0)

Foreign holdings of domestic bond to fall to below 10% in 2022 – Bloomberg

December 12, 2022 Foreign holdings of Ghana’s domestic debt is expected to fall to below 10% by the end of the year, Bloomberg has projected. This it says had piled pressure on the Ghana cedi which is...

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December 12, 2022 / Comments (0)

Bloomberg report: Ghana Cedi posts world’s biggest gain against US dollar

December 12, 2022 Bloomberg has reported that the Ghana Cedi last week posted the world’s biggest gain against the US Dollar as Ghana starts reorganising local debt. It said the Ghana cedi took the title...

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December 12, 2022 / Comments (0)