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Economy
BoG’s gold holdings to rise to 12.2 tonnes by end of year
Gold producing member companies of the Ghana Chamber of Mines will, between now and December 2022, sell about 125,000 ounces of gold the equivalent of 3.5 tonnes of gold to the Bank of…
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Ghana’s economy expands 4.8% in second quarter of 2022
The economy grew 4.8% year-on-year in the second quarter of 2022 compared with 4.2% for the same period of 2021.
3.3% GDP growth in first quarter
It accelerated from a 3.3% rise…
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Inflation rises to 33.9%, highest since August 2001
The cost of food and services known as the Year-on-Year inflation rate for August 2022 in Ghana has increased to 33.9 per cent, up from 31.7 per cent in July.
Highest since August…
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Dr. Boako: Ghana’s return to IMF is necessary to fix economy
Dr. Gideon Boako, the Economic Adviser and spokesperson to Vice-President, Dr. Mahamudu Bawumia, has described the government’s decision to seek the support of the International…
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IMF MD: $3bn Ghana deal to be finalised before end of year
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has assured that a deal between Ghana and the Fund should be reached and finalized before the end of the…
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IMF MD: COVID-19, Russia-Ukraine war caused Ghana’s woes
Managing Director (MD) of the International Monetary Fund (IMF) Georgieva, has emphasized that Ghana’s current economic challenges are not locally generated but from external shocks.…
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Ghana launches AfCFTA hub to spearhead digital trade
The Ministry of Communications and Digitalisation has launched the Africa Continental Free Trade Agreement (AfCFTA) Hub concept in Ghana to promote, enhance and advance digital trading,…
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Setting up of Development Bank Ghana will provide patient capital
Development Bank Ghana has commenced operations to help meet demand for credit for small and medium enterprises (SMEs) and contribute to growth.
The Ministry of Finance had extensive…
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African Continental Free Trade Area to change fortunes of Africa
All is set for trading in goods under the African Continental Free Trade Area (AfCFTA) agreement to begin this year.
On September 26, the historic trading in goods under AfCFTA will…
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Africa must clamp down on illicit financial flows
No country in the world is untouched by corruption including illicit financial flows. It affects least developed countries and advanced economies alike.
Corruption can take many…
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