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Economy
Cedi fell by 19.1% to dollar in January 2023 – BoG

Cedi fell by 19.1% to dollar in January 2023 – BoG

In the first month of 2023, the Ghana cedi fell by 19.1% against the US dollar. According to the Bank of Ghana's January 2023 Summary of Economic and Financial Data, the cedi sold on the

Economy
Government and GIA reach agreement on terms for debt exchange program

Government and GIA reach agreement on terms for debt exchange program

The Ghana Government and the Ghana Insurers Association (GIA) have agreed on the participation of insurance companies in the Domestic Debt Exchange Programme (DDEP). This was contained in a joint press statement issued by the

Economy
Africa must invest in smart infrastructure — Bawumia

Africa must invest in smart infrastructure — Bawumia

In an effort to hasten industrialization on the continent, Vice-President Mahamudu Bawumia has emphasised the need for African nations to prioritise investment in smart infrastructure. According to Dr. Bawumia, such investments are essential to the

Economy
Government, banks agree on new terms for the debt exchange program

Government, banks agree on new terms for the debt exchange program

The Ghana Government and the Ghana Association of Banks (GAB) have made tremendous progress in terms of bank participation in the Domestic Debt Exchange Programme (DDEP). The revised agreement includes final adjustments to the program's

Economy
Alan Kyerematen urges Ghanaians to trust prudent management of economy

Alan Kyerematen urges Ghanaians to trust prudent management of economy

The Minister for Trade and Industry, Mr. Alan Kyerematen has appealed to Ghanaians to trust in the prudent management of the economy as it has despite the odds coped better than peers amid the global

Economy
2023 to be tougher for global economy than 2022 – IMF chief says

2023 to be tougher for global economy than 2022 – IMF chief says

This year will be tougher than 2022 for most of the global economy as the United States, European Union and China see slowing growth, the head of the International Monetary Fund (IMF) has warned. IMF

Economy
Government extends expiry date for enrollment onto Debt Exchange Programme to Dec. 30

Government extends expiry date for enrollment onto Debt Exchange Programme to Dec. 30

The government of Ghana has extended the deadline for enrolling in the Domestic Debt Exchange Programme until December 30, 2022. The Minister of Finance Minister Ken Ofori-Atta, announced on Monday while giving updates on the

Economy
Debt service consumes 70% of tax revenue — Ofori-Atta

Debt service consumes 70% of tax revenue — Ofori-Atta

Finance Minister Ken Ofori-Atta, says the government of Ghana spends 70% of tax revenue on servicing debt. Mr. Ofori-Atta gave an explanation of the rationale for the introduction of the Domestic Debt Exchange, stating that

Economy
Debt exchange programme is essential for IMF deal – Finance Minister

Debt exchange programme is essential for IMF deal – Finance Minister

The Minister for Finance has acknowledged that the debt exchange programme, which was just inaugurated, is a crucial component of the government's request to the IMF for an economic agreement. Mr. Ken Ofori-Atta said it

Business
I’m confident about Ghana’s economic stability from next year – Ofori-Atta

I’m confident about Ghana’s economic stability from next year – Ofori-Atta

Finance Minister, Ken Ofori-Atta says he is optimistic that measures the government is putting in place will witness a stable and thriving economy beginning 2023. Singling out measures outlined in the 2023 Budget Statement and

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