Ibrahim Mahama's family captivated audiences at the Supercar Spectacle in Greater Accra, showcasing luxury supercars and making a rare public appearance together.
Bank of Ghana has stepped in with drastic measures to stop the fall of the cedi and end the rising inflation, but experts are divided on whether they will work.
Ghana's inflation rate for September 2022 has accelerated to a 21-year high of 37.2%. This means Ghanaians will continue to pay more for food and services.
The President of GUTA, Dr Joseph Obeng, says the current economic challenges in the country will have a negative toll on this year's Christmas festivities.
The Ghana Revenue Authority (GRA) has shut down four branches of the China Mall Shopping Centre in Accra over their failure to fix the electronic VAT system.
The cedi has continued its slump against the US dollar. This has seen the dollar breaking the ¢11 mark and further slumping against major trading currencies.
Ghana has been classified as high debt distressed country by the World Bank. The Bretton Woods Institution also projected that the debt to GDP will hit 104%.
The Agric Minister, Dr Owusu Afriyie Akoto, says only 2% of Ghana's cocoa farmlands have been ravaged by the activities of illegal mining menace in the country.
The European Union has assured the Ghanaian government that there will be no ban on the country's cocoa since it remains among some of the best in the world.
Ghana's cedi has lost 40% of its value to the US dollar. According to Bloomberg, this makes the local currency the second-worst performing currency worldwide.
Grace Amey-Obeng, the CEO of FC Beauty, says she has to shut down 80% of her businesses and cut her staff strength by 70% as a result of economic challenges.
Economy
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