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Economy
Cedi remains stable as foreign exchange demand eases; one dollar equals GH…
The Ghana cedi remained stable for the most part of last week as the foreign exchange demand eased slightly.
After depreciating…
BoG auctions GHS 2.23bn 56-day bill at circa 29% interest rate
The Bank of Ghana successfully raised GHS 2.23 billion through the issuance of its 56-day bills, auctioned at an interest rate of…
Debt Restructuring: A Game-Changer for Ghana’s Economy?
Dr. Samuel Arkhurst, Director of Treasury and Debt Management Division at the Finance Ministry, provided insight into Ghana's debt…
IMF Upgrades Ghana’s 2024 GDP Growth Forecast to 3.1%
The International Monetary Fund (IMF) has revised Ghana's GDP growth forecast for 2024 from 2.8% to 3.1%, citing the country's…
BoG accumulates $917m reserve; above IMF’s target
The Bank of Ghana (BoG) has accumulated some $917m in foreign reserves from the beginning of January to June this year.
The…
Strategic Financing Spurs Young Smallholder Farmers To Expand
A 25-year-old smallholder farmer at Saala in the Gushiegu District of Northern Region, Abdulai Yakubu, saw remarkable growth in…
World Bank data says Ghana’s GDP tripled in the last 17 years
Data from the World Bank and iterated by the Ghana Human Development Report 2023 (GNHDR) indicate that the size of Ghana’s economy…
$360m approved tranche to hit BoG account today
The $360m third tranche under Ghana’s $3bn Extended Credit Facility (ECF) is expected to hit the account of the Bank of Ghana…
Short-term debt instruments see 12.7% oversubscription as Gov’t raises GHS…
The Government of Ghana on Friday, June 28, successfully mobilized GHS 2.99 billion through its Treasury Bill issuance, surpassing…
Remittances: Ghana places 2nd in Sub-Sahara Africa with $4.6bn in 2023 – WB…
Ghana emerged as the second-largest recipient of remittances in Sub-Saharan Africa in 2023, receiving an estimated $4.6 billion,…