Business

Government has earmarked some GHS 55.9bn as interest payments on domestic loans which are mainly treasury bills. Government is seeking to borrow GHS 94.4 billion via treasury bills in 2024...

In a significant development, the government of Ghana has successfully completed the divestiture of shares in Jubilee Oil Holdings Limited (JOHL), an offshore entity, to GNPC Explorco, a subsidiary of...

In a significant development, the International Monetary Fund (IMF) has indicated its readiness to Ghana for the disbursement of the $600 million second tranche of the $3 billion IMF credit...

According to Finance Minister Ken Ofori-Atta, Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse...

The Social Security and National Insurance Trust (SSNIT) has officially announced a 15% increase in monthly pension payments for the year 2024, in accordance with its indexation rate. The adjustment,...

The World Bank has forecasted a 2.8% Gross Domestic Product (GDP) growth for Ghana this year – 2024. The projection by the Bretton Wood Institution was captured in the January...

A recent report by Fitch Solutions has forecasted a continued decline in the capital buffers of banks in Ghana throughout 2024, positioning them unfavorably compared to their counterparts in sub-Saharan...

The Treasury is seeking to borrow some GHS 12.7 billion in treasury bills for January 2024 to finance maturing bills. The expected GHS 12.7bn to be borrowed for this month...

Ghana has been listed as the 44th country with the most affordable fuel prices globally in a recent report by GlobalPetrolPrices.com.  Per the report, Ghana’s average petrol price stands at $1.033 (GHS 12.34)...

It was interesting to hear Bank of Ghana (BOG) officials pat themselves on the back because year-on-year inflation had dropped to 26.4% in November 2023, from 35.2% in October 2023...