Crucial MPC meeting begins today — Policy rate to dominate discussions
The Monetary Policy Committee (MPC) of the Bank of Ghana will begin its first meeting for the year today, to consider developments in the global economy, domestic economic conditions and deliberate on the appropriate monetary policy stance. With the policy rate at 27 per cent and inflation closing the year at 23.8 per cent as […]
Ghana drops to 5th position in Africa with highest outstanding debt to IMF
Ghana dropped one place to the 5th position in Africa with the highest outstanding debt to the International Monetary Fund as of January 22, 2025, a report from the Fund has revealed. The country’s total indebtedness to the IMF stood at 2.514 billion Special Drawing Rights, equivalent to $3.293 billion. Egypt retained its first position in […]
Digital economy key to Africa’s future: World Economic Forum
The 2025 World Economic Forum (WEF) has underscored the pivotal role of digitalisation in Africa’s economic transformation, declaring the digital economy as indispensable for the continent’s development. During a four-day summit, attended by over 60 world leaders and global economic giants, discussions centred on pressing global issues such as economic growth, climate change, and emerging […]