The local currency THE LOCAL currency lost further ground against the dollar this week, trading at 8.27—a new record low—from 8.13 at last week’s close. That came after the
COPEC Forecasts Drop In Fuel Prices
A vehicle refueling at a pump THE PRICES of petroleum products may go down between 3% and 6% from August 1st, 2022. According to the Chamber of Petroleum Consumers
Gov’t Reduces E-levy Target To GH¢611m
Government has revised its target of the Electronic Transaction Levy, commonly called E-levy to GH¢611million from initial estimate of GHC6.9 billion. Per the 2022 budget statement, the target was ¢6,963,386,254
Reprioritise Spending – BoG To Govt
Dr. Ernest Addison THE CENTRAL Bank has urged Government to reprioritise its existing spending programmes to ensure fiscal and debt sustainability. This is because fiscal authorities in emerging markets
Chartered Institute Of Bankers Gets New Governing Council
Dr. Yaw Osei Adutwum (middle) with members of the Governing Council MINISTER OF Education, Dr. Yaw Osei Adutwum, has sworn into office the new Governing Council of the Chartered
Current Account Deficit Widens To US$1.1bn
GHANA’s current account deficit widened to US$1.1 billion, compared with US$762.0 million recorded in the same period of 2021. This was in spite of the significant improvement in the
Banking Sector Assets Reach GH¢200bn
Dr. Ernest Addison ERNEST Addison, Governor of the Bank of Ghana, has indicated an assessment of the banking sector’s performance for the first half of 2022 showed robust growth
Credit To Private Sector Bouncing Back
Dr. Ernest Addison, BoG Governor THE CENTRAL Bank on Monday announced that credit to the private sector is recovering to the pre-pandemic levels, reflecting commercial banks’ portfolio rebalancing. It
Ghanaian Businesses To Visit The Netherlands
Some company representatives at a briefing session AT LEAST 200 investors, companies, entrepreneurs would have the opportunity to visit The Netherlands to discuss business opportunities from 28th to 30th
Fiscal Deficit Hits 5%
Dr. Ernest Addison THE PROVISIONAL data of the Bank of Ghana (BoG) on the budget execution for January to May 2022 indicated an overall broad fiscal deficit on a
BoG Denies Printing GH¢22bn
Dr Ernest Addison The Bank of Ghana (BoG) has dismissed claims by the Ranking Member of the Finance Committee of Parliament, Cassiel Ato Forson that it has printed new currency
ECG Accra East embarks On Sensitisation Campaign
Ing. Bismark Otoo The Accra East region of the Electricity Company of Ghana (ECG) has embarked on community engagement and Customer sensitisation campaign to interact with customers and stakeholders on
BoG Maintains Policy Rate At 19 %
Dr. Ernest Addison The Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the Monetary Policy Rate (MPR) at 19 per cent. According to the Committee, the