Economy

The total tax waivers granted to companies and import tax exemptions over the past seven years amounted to GH₵30.7 billion. It consists of GH₵11.7 billion in tax waivers for companies…
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Cement dealers in Ghana have taken a significant step to support the market by absorbing GH₵35 of the current price of cement, despite a 104% depreciation of the cedi since 2022. An…
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The government will need between $600 million and $800 million for external debt servicing this year, with approximately $477 million allocated for Eurobond debt service. IC Africa…
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The inaugural quarterly Economic Roundtable forum, themed "Restoring Macroeconomic Stability," saw key speakers emphasize the urgent need for the Ghanaian government to ensure strict…
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Governor of the Bank of Ghana (BoG) Dr. Ernest Addison, has voiced his concerns regarding the slow pace of prosecution for shareholders of banks and financial institutions implicated in…
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Fitch Solutions, an international rating firm, has significantly revised its economic outlook for Ghana, predicting stronger economic performance in the second half of the year. It…
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The Chamber of Cement Manufacturers (COCMAG) and Trade and Industry Minister Kobina Tahir (K.T.) Hammond are at odds over a proposed Legislative Instrument (LI) to regulate cement…
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The government is advancing its plans to provide local currency mortgages for public sector workers and construction finance for developers, following the successful pilot phase of the…
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The GH₵60.08 billion loss the Bank of Ghana (BoG) posted is largely responsible for the gradual return of confidence in the financial system, stabilizing inflation and the economy…
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Overall Real Gross Domestic Product (GDP) growth projections for the year 2023 has been revised by almost half from 2.8% to 1.5%. Non-Oil Real GDP growth rate has also been cut by half…
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