Budget deficit and its accompanying debt are key indicators in accessing the health of any economy. At the end of March 2020, Ghana’s public debt reached GHȼ 236.1 billion according to the Bank of Ghana. Of the total debt, US$ 22.9 billion is external representing 31.4% while GHȼ 113...
The general price levels of goods and services, according to Ghana Statistical Service, have further increased in the month of May - following price hikes by traders due to the coronavirus pandemic effects.
General prices increased by 0.7 of a percentage point over the previous month, as it recorded 11.3...
Nigerian banks plan to restructure over a third of loans after running into repayment problems due to the coronavirus pandemic, a member of the central bank monetary policy committee said.
A total of 17 banks have submitted requests to restructure over 32,000 loans for businesses and individuals, representing 33% of...
Despite inflation surging to double digits in April as a result of a spike in demand for food and other essentials in anticipation of the lockdown announcement, Databank Research says there is hope that the rate will come down due to government’s subsidy on utilities.
In late March and April,...
The Auditor-General (A-G) has submitted a report on the Management of Petroleum Funds for 1st January 2018 to 31 December 2018 to Parliament.
A statement signed by Mrs Ama Awoe-Bosumafi Assistant Director of Public Relations Unit on behalf of the Director General, and copied to the Ghana News Agency, in...
The National Board for Small Scale Industries (NBSSI) and Mastercard Foundation have initiated a programme dubbed Young Africa Works to create some 39,000 jobs for the youth through entrepreneurship.
The three-year programme is an entrepreneurship development and employment programme targeted at young people, particularly young women, in Ghana. The project...
An open letter to the Minister for Finance and Economic Planning
Can we afford a Ghana with: no bad roads; decent homes for the working class; free quality tertiary education; an efficient, free national health care system; clean cities; decentralised infrastructure; full employment; a social safety net for the vulnerable...
The country’s total revenue for July 2020 has showed significant improvement, even surpassing the target, amid lingering pressures from the coronavirus pandemic which have led to deceased economic activity.
Data from the Bank of Ghana’s Monetary Policy Committee (MPC) report show that total revenue and grants for July exceeded the...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally.
At the AGM to present the...
-A step in fighting money laundering and terrorist financing.
“Not guilty on until proven guilty in a court of competent jurisdiction”. This is a common statement in various spheres of the legal fraternity and also in any community where justice takes centre stage of events. However, that statement brings...