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Economy
Government records fiscal deficit of 6.4% as of September 30, 2022 – BoG
Budget implementation, using banking sector data, for the first 9-months of this year recorded an elevated overall cash deficit of…
BoG dollar auction: Demand outstrips supply by $72.2m as $1 hits ¢10.92
Demand for the US dollar fell marginally again, according to the latest auction of the American ‘greenback’ by the Bank of Ghana…
Businesses to shy away from loans as BoG hikes policy rate to 24.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis point to 24.5%.
This…
UK banks to shut down mobile payment service Paym, lessons for GhanaPay?
Paym, the mobile payment service launched by fifteen of the UK’s biggest banks and building societies, is shutting down after an…
T Bills, short-term securities will not be affected by Ghana’s debt…
Treasury bills and short-term securities will not be affected by the expected debt restructuring programme that the Government of…
Absa Bank projects ¢12 to a dollar end-year rate
Pan African bank, Absa, is projecting a further fall in the value of the cedi to an end-year rate of about ¢12 to a US dollar.…
Government to face difficult refinancing options in repaying maturing…
The government may face complicated refinancing options in repaying Treasury bills that will mature on October 2022
According…
IMF wants Sinohydro, COCOBOD loans added to existing debt stock
Reports indicate that the International Monetary Fund (IMF), as part of the country’s debt stock, wants government to add the $2bn…
Producer Price Inflation hits 46% in August
THE Producer Price Inflation (PPI) rate for August 2022 shot up from the 41.2 per cent recorded in July 2022 to 46 per cent, the…
New data on the e-levy in Ghana: unpopular tax on mobile money transfers is…
In Ghana, the “e-levy” has been linked to the current administration’s “Ghana Beyond Aid” strategy for reducing aid dependence.…