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 […]
Your Essential Guide to Intellectual Property Rights
Intellectual Property Rights, a crucial legal framework, serve as a shield for intellectual property and intangible creations of the human mind. These include inventions, literary and artistic works, designs, and symbols used in commerce. Intellectual property rights play a pivotal role in fostering innovation and economic growth by significantly enhancing the incentive to create, invest […]
Ghana secures MoU on debt restructuring from bilateral creditors
Ghana has secured a Memorandum of Understanding (MoU) from the bilateral creditors on restructuring of their debts. This was after members of the official creditor committee and Ghana’s bilateral creditors managed to secure the necessary approvals from their respective countries and Parliament on the terms for restructuring Ghana’s debts as agreed earlier this year. Joy […]
March’s 25.8% rate poses no threat to disinflation trend – analyst
The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, the highest level since November of last year, according to data released […]
GNPC debt blamed on activities beyond mandate – PIAC
Coordinator for the Public Interest and Accountability Committee (PIAC), Isaac Dwamena, has stated that a major action that has plunged the Ghana National Petroleum Company (GNPC) into its current debt is that they engage in activities other than their constitutional mandate. He stated that the current situation sees GNPC shouldering responsibilities that traditionally fall under […]
Performance Tracker: Over 13,000 projects validated so far – Oppong Nkrumah
The Minister of Works and Housing, Kojo Oppong Nkrumah, has revealed that the newly launched Performance Tracker is aimed at ensuring transparency and accountability in the execution of infrastructure projects across the country. He added that the tracker will help address longstanding concerns about the accuracy and reliability of project presentations, particularly the use of […]
NPA backtracks on suspension of Price Stabilization and Recovery Levy
The National Petroleum Authority (NPA) has issued a directive to reinstate the Price Stabilization and Recovery Levy in the price build-up for petroleum products, effective April 4, 2024. This decision was communicated through a letter to industry players obtained by Citi Business News, signed by the Deputy Chief Executive Officer of the NPA, Curtis Perry […]
Editorial: Testing and certification in furniture industry implementation soon
The Ghana Standards Authority (GSA) announced its decision to implement testing and certification in the furniture industry. According to the GSA, of the 20 plastic chairs purchased from various companies across the country randomly, none met the standard criteria. This was disclosed by the Director-General of the GSA, Professor Alexander Dodoo, during a stakeholders’ meeting […]