Inflation figures for May 2022 have revealed that transport fare increases and rising food prices have pushed the rate of inflation for May 2022 to 27.6%. More
Economy
Most viewed
Popular
-
Cedi depreciation: EIU predicts local currency will lose about 22% value in 2023
-
Joseph Obeng: GUTA President predicts this year’s Christmas will be affected by the current economic crisis in Ghana
-
Economist Joe Jackson doubts the feasibility of Mahama's 24-hour economy proposal
-
Cedi's woes resume: Falls by 11.21% and projected to reach GH¢15 to $1 by end of 2023
-
Renowned Economist calls on Ghanaians to embrace payment of new E-levy, VAT rates to restore economy
Economy Latest News
Breaking
Cement bag now selling at GH¢85 as cedi fall hits manufacturers
Breaking
Bailout discussion have been “very fruitful” – IMF confident about deal with Ghana soon
Cedi-dollar depreciation: Ghana's currency shatters 8 before NPP; breaks ¢12 mark to a dollar
The Ghanaian cedi on Friday, broke the ¢12 mark. The local currency, which has broken the 8 before the governing NPP, is now selling at ¢12.10 at forex bureaus.
Inflation rate: Ghanaians to pay more for goods and services as figure accelerates to a 21-year high of 37.2% in September
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.
Breaking
China Mall: Ghana Revenue Authority clamps down on shopping centre for failing to fix electronic VAT system
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.
Cedi-Dollar depreciation: $1 breaks GH¢11 mark as local currency loses ground against all major trading currencies
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.
Breaking
Economic Crisis: World Bank classifies Ghana as high debt distressed country; projected debt to GDP to hit 104 percent
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%.
Cocoa sector: Illegal mining has affected only 2% of farmland – Agric Minister
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.
Cocoa: EU rep insists there will be no ban on cash crop despite ravaging effects of illegal mining
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.
Breaking
Bloomberg ranks Ghana's cedi second-worst performing currency in the world; worst on African continent
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.
Economic Challenges: CEO of FC Beauty Group says she has closed down 80% of her businesses; laid off 70% of her staff
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
Load more