The Bank of Ghana has sought to calm market concerns over the cedi’s early-year depreciation, describing the recent movement as normal and short term.
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“Fellow Ghanaians”: Akufo-Addo to address the nation on economic challenges
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Government approves sale of 70% Vodafone Ghana to Telecel
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Dr Ato Forson predicts Debt Exchange programme will lead to collapse of 5 commercial banks in Ghana
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Mixed feelings as government launches its Domestic Debt Exchange programme
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2023 budget announces ban on public sector employment, use of V8s and other austere measures
Economy Latest News
Economic hardship: Inflation rate rises for second consecutive month
Inflation for the month of June in Ghana increased marginally to 42.5% compared to the 42.2% recorded in May 2023, according to the Ghana Statistical Service.
Cedi's woes resume: Falls by 11.21% and projected to reach GH¢15 to $1 by end of 2023
The cedi has lost 11.21% to the dollar in the first half of 2023. Although the cedi performed better this year, it is projected to fall further by close of 2023
Resistance against TOR deal thickens: TUC union discloses firm with a better offer dropped for Torentco
The resistance against a proposal to lease Tema Oil Refinery (TOR) to Torentco Asset Management is thickening as an influential workers union joins the fray.
"It doesn't make sense": COPEC-GH says $50K worth Torentco can't be allowed take over $700M TOR
Chamber of Petroleum Consumers has said it will be a grave mistake if the government hands TOR to Torentco, a company with no financial and technical clout.
Don't sell TOR like peanuts: Pressure mounts on Akufo-Addo to stop "misguided" TOR-Torentco deal
Pressure is mounting on President Nana Akufo-Addo and his government to stop an ongoing agreement to lease the strategic Tema Oil Refinery to a private entity.
Prof Bokpin schools Akufo-Addo: Economist shows president how he can govern with only 40 ministers
Prof Bokpin has made a strong case for Nana Akufo-Addo to reduce the size of his government, stressing that the president can govern with only 40 ministers.
"Ghana's economy is showing signs of recovery": IMF Staff report declares positive news
A statement released by an International Monetary Fund (IMF) staff team on Friday, June 15 communicates positive news about Ghana's economic stabilisation.
Ghana set to receive $300m from World Bank by September pending crucial agreement
Ghana could receive the first part of a $1.1 billion World Bank facility by September 2023, pending the finalisation of a crucial agreement on conditionality.
Ghana ranked 15th-most miserable country in the world: "Thanks to Akufo-Addo’s incompetence"
The Annual Misery Index compiled by John Hopkins' Applied Economist Prof Steve Hanke has ranked Ghana as the 15th-most miserable country in the world for 2022.
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