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Economy
2023 Gold output to exceed 4m oz
Domestic gold production is projected to reach a record-breaking 4 million ounces (oz) in 2023, compared to 3.7 million ounces in…
Government to spend GH¢119.62bn on compensation and interest payments in…
The government will spend about GH¢119.621 billion on Wages and Salaries as well as Interest Payments in 2024.
According to the…
External debt restructuring: Deal with external creditors marks major…
Finance Minister, Ken Ofori-Atta, has described the debt restructuring deal with external creditors as a major turning point for…
Ghana’s economy to grow by 2.8% in 2024 – World Bank
A new report by the World Bank has projected a 2.8% Gross Domestic Product (GDP) growth of 2.8% for Ghana in 2024.
The forecast…
Government introduces VAT on excess electricity consumption
In a notable fiscal policy shift, Ghana’s Finance Minister, Ken Ofori-Atta, has mandated the implementation of Value Added Tax…
Cedi’s performance remained unchanged to dollar in first week of 2024; one…
The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ on the retail market.
The same…
“We need to manage a tight fiscal consolidation” in an election year – Dr.…
The Governor of the Bank of Ghana, Dr. Ernest Addison, has warned that Ghana does not have a choice but to manage a tight fiscal…
2023 end-of-year inflation stands at 23.2%; lower than revised target of…
The year-on-year inflation for December 2023 has dropped to 23.2 percent from the 26.4 percent recorded in November in the same…
Ghana grapples with slow progress in external debt restructuring talks…
Ghana's hopes for economic stability in 2024 hang in the balance as discussions on restructuring its external debt with official…
Overspending in 2024 election year could stifle economy for next 22 years –…
Economist Prof. Lord Mensah has warned that overspending and burdening the country with more debt in 2024 could unsettle the…