The worst is over for Ghana’s economy – IMF Mission Chief
The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet, has indicated that Ghana’s economy has seen its worst level and it’s now set for full recovery. However, he said this projection is based on the “government continuing to implement the IMF programme the way it has been done over the past year, then […]
Sub-Saharan regional economic outlook — A tepid and pricey recovery
After four turbulent years, sub-Saharan Africa appears finally on the mend. With the easing of global financial conditions, Côte d’Ivoire, Benin, and Kenya issued Eurobonds earlier this year, ending a two year hiatus from international markets for the region. Public debt ratios have broadly stabilized, and some capital flows are making a tentative comeback. The […]
Cedi hits GH¢14.00 to a dollar; depreciates 12.08%
The Ghana cedi has hit GH¢14 to a dollar as the depreciation pressures continue unabated. This has culminated in its year-to-date loss of about 12.08% to the American greenback. Checks by Joy Business indicate that most forex bureaus are selling the dollar for GH¢14 cedis on average to the American greenback. Most analysts had anticipated […]