Fitch Solutions forecasts average inflation of 33.4% for Ghana in 2023

January 19, 2023 International research institution and market information firm, Fitch Solutions, has reiterated a disinflationary process for Ghana in 2023, forecasting an average inflation of 33.4%....

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January 19, 2023 / Comments (0)

Interest rates remain unchanged as government T-bills oversubscribed by 52%

January 18, 2023 Interest rates remained stable despite the government achieving more than 52% oversubscription of Treasury bills sale. According to the latest auction results, government obtained ¢1.72...

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January 18, 2023 / Comments (0)

Headline inflation has peaked – IMF Deputy Boss

January 18, 2023 Gita Gopinath, the International Monetary Fund’s Deputy Boss had said that headline inflation has probably peaked but some of “the more sticky components” such as the services sector...

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January 18, 2023 / Comments (0)

Inflation ends 2022 at record 54.1%; lending rates to remain high

January 11, 2023 Inflation shot up by 3.8% to end 2022 at 54.1%, data from the Ghana Statistical Service (GSS) has revealed. Despite a strong improvement in the value of the cedi and a reduction in the...

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January 11, 2023 / 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)

Inflation, interest rates impact negatively on GSE in November 2022 – Report

December 8, 2022 Increasing inflation and interest rates continued to impact on the Ghana Stock Exchange’s fixed income market (GFIM) as yields continued to rise during November 2022. According to the...

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December 8, 2022 / Comments (0)

Selling price inflation hits record high

December 7, 2022 Business conditions in Ghana’s private sector continued to deteriorate markedly in November, as currency weakness and steep inflationary pressures hit demand. In fact, the latest increase...

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December 7, 2022 / Comments (0)

Policy rate hits 27%; loans to become more expensive

November 29, 2022 The Bank of Ghana has increased its policy rate by 2.5 percentage points to 27%, citing risks to inflation and exchange rate concerns as reasons. This means cost of borrowing is expected to...

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November 29, 2022 / Comments (0)

IEA forecasts 2% increase in policy rate to 26.5%

November 25, 2022 The Institute of Economic Affairs is forecasting an increase in the Policy Rate (PR) by 200 basis points to 26.5% when the Governor of the Bank of Ghana announced developments in the...

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November 25, 2022 / Comments (0)

Government to raise ¢1.17bn in this week’s Treasury bill sale

November 18, 2022 Government will seek to raise ¢1.17 billion in this week’s Treasury bill auction to refinance the upcoming T-bill maturities of ¢1.08 billion. In the T-bill auction last week, the...

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November 18, 2022 / Comments (0)