Category: BUSINESS
Cedi resumes depreciation as demand for dollar surges; one dollar equals GH¢16.40
The Ghana cedi lost a marginal value to the US dollar increasing its year-to-date loss to about 26%.
This was due to the heightening of corporate d [...]
AGI calls for improved macroeconomic indicators to sustain industry sector growth
The Association of Ghana Industries (AGI) is making a strong case for an improvement in Ghana's macroeconomic indicators.
Chief Executive Seth Twum [...]
IMF projects 3% growth rate for Ghana by end of 2024
The IMF projects that Ghana will end 2024 with a growth rate of 3%, according to the World Economic Outlook Report released in Washington, D.C., on Tu [...]
Fuel price increase: Petrol at GH₵14.49, diesel going for GH₵14.90
More Oil Marketing Companies (OMCs) have increased prices of petroleum products at their various service stations in the country.
[...]
Cedi, naira among 4 worst performing currencies in Sub Saharan Africa in 2024 – World Bank
The Ghana cedi and three other currencies are the worst-performing currencies in Sub-Saharan Africa (SSA) in 2024, the World Bank’s October 2024 Afric [...]
Ghana could end 2024 with significantly higher fuel prices – COPEC
The Chamber of Petroleum Consumers (COPEC) has predicted that Ghana could end 2024 with significantly higher fuel prices if tensions in the Middle Eas [...]
Debt stock hits GHC 761.2bn as of July 2024; every Ghanaian owing GHC22,076
Ghana’s debt stock has reached GH₵ 761.2 billion representing 75.7 percent of the country’s gross domestic product (GDP) by July 2024.
Compared to [...]
UAE remains Ghana’s top export destination – GSS reveals
The United Arab Emirates (UAE) remains Ghana's top export destination, for the second quarter of 2024, accounting for GH₵15.0 billion, data from the G [...]
Policy rate to go down between 1.0% and 1.5% – Report
The Monetary Policy Rate (MPR) of the Bank of Ghana is expected do down between 1.0 and 1.5 percentage points at the next Monetary Policy Committee (M [...]
Inflation to ease to 19% in September 2024
Inflation is expected to decline further to 19.0% year-on-year in September 2024, IC Research has predicted.
However, it expects month-on-month inf [...]