Ghana’s economic downturn not only due to COVID-19 but also excessive spending – IMF
The International Monetary Fund (IMF) has said that Ghana's ongoing economic challenges stem not only from the COVID-19 pandemic but also from excessive spending...
We will build stronger collaboration with IMF towards Ghana’s economic resilience – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam, has expressed confidence in building a stronger collaboration with the International Monetary Fund towards Ghana’s economic resilience and...
Rethink fiscal policy measures to ensure sustainability, reduce shocks – IMF to Ghana, others
The International Monetary Fund is advising African countries including Ghana to rethink their fiscal policy following repeated external and domestic shocks from rising debt...
Anti-LGBTQ+ Bill: Finance Ministry’s memo not advice for Akufo-Addo – Abena Osei-Asare
Minister of State-designate for Finance, Abena Osei-Asare says that the widely circulated document on the cost of signing the anti-LGBTQ+ bill was not advice...
Ghana ranked 10th in Africa with most affordable fuel prices
A report by GlobalPetrolPrices.com ranks Ghana as 10th in Africa with the most affordable fuel prices in March 2024.On the global scale, Ghana sits comfortably...
Passing anti LGBTQ+ law is not part of World Bank, IMF conditions for financial aid – Prof. Gatsi
Economist, and Dean of the University of Cape Coast (UCC) Business School, Prof John Gatsi has argued that the Bretton Woods institutions cannot penalize...
Our comment on Anti-LGBTQ bill will follow an economic, financial implication assessment – IMF
The International Monetary Fund (IMF) says it will comment on the passage of the Proper Human Sexual Rights and Ghanaian Family Values Bill by...
We are no longer going to celebrate GDP growth – Prof Bokpin
A Professor of Finance at the University of Ghana Business School, Godfred Bokpin, has challenged the conventional celebration of Gross Domestic Product (GDP) growth.According to...
SONA 2024: GH¢5.8bn paid to bondholders – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has revealed that the government has fulfilled its financial pledges by clearing the final coupons owed to domestic bondholders.In...
SONA 2024: Good news for cocoa farmers
President Akufo-Addo has reaffirmed his commitment to supporting cocoa farmers in the upcoming season.During his State of the Nation address on Tuesday, February...
SONA 2024: Ofori-Atta’s removal won’t affect IMF deal – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has said the recent changes at the Ministry of Finance will not affect agreements made with the International Monetary...
Ghana’s inflation rate almost 3 times that of Ivory Coast, Togo, and Burkina Faso combined
Ghana continues to grapple with price hikes as the year-on-year inflation rate for January 2024 sees a marginal rise.It hits 23.5%, making it one...
Average unemployment rate in Ghana in 3 quarters of 2023 estimated at 14.7%
The average unemployment rate in Ghana for the first three quarters of 2023 was estimated at 14.7%, with the rate among females consistently higher...
28 developing countries including Ghana remain stuck in debt trap – World Bank
The World Bank has disclosed that 28 developing economies including Ghana with - the weakest credit ratings - remain stuck in a debt trap...
I will soon visit ports to weed out corrupt activities – Finance Minister
Finance Minister, Dr. Mohammed Amin Adam has hinted at visiting some ports nationwide soon to weed out corrupt activities.This comes after several reports of...
Amin Adam interacts with the Ministry of Finance staff
On Monday, February 19, 2024, Finance Minister-designate, Mohammed Amin Adam assumed office and interacted with the staff of the ministry.Amin Adam was among the...
Together, we have weathered storms – Ken Ofori-Atta thanks MoF staff
Former Finance Minister Ken Ofori-Atta has appreciated the hard work of staff of the Ministry of Finance (MoF).According to him, their dedication to salvage...
Support Amin Adam to succeed – Ofori-Atta to Finance Ministry staff
Former Finance Minister Ken Ofori-Atta has expressed confidence in his successor, Dr. Mohammed Amin Adam, urging the Ministry of Finance staff to support him...
Total value of secured loans fall 54% to GH¢5.9bn in quarter 4 – BoG
The total value of secured loans granted and registered by banks and Specialised Deposit-Taking Institutions (SDIs) in the 4th quarter of 2023 was GH¢5.9 billion.This...
Election-induced expenditures could threaten fiscal economy – Report
Election-induced expenditures could threaten the fiscal economy going forward. According to the 2024 Quarterly Report by Databank Research, following the government signal of a...
I’ll not depart from IMF programme – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the government's commitment to the ongoing programme with the International Monetary Fund (IMF).He has assured...
Replacing Ofori-Atta with Amin Adam is too late – Joe Jackson
The Director of Business Operations at Dalex Finance, Joe Jackson believes it is too late for the President to replace Finance Minister Ken Ofori-Atta...
I’ll vigorously seek income mobilisation – Amin Adam
The newly appointed Finance Minister, Mohammed Amin Adam has said he will aggressively seek income mobilisation in order to strengthen the country's finances and...
Ofori-Atta won’t be a shadow Finance Minister – NPP General Secretary
General Secretary of the New Patriotic Party (NPP), Justin Kodua Frimpong has said Ken Ofori-Atta won't overshadow the newly nominated Finance Minister, Dr. Mohammed Amin Adam. According...
Inflation hits 23.5% as it resumes upward trajectory
Inflation returned to an upward trajectory to hit 23.5% in January 2024, data from the Ghana Statistical Service has revealed.This follows four consecutive months...
Access Bank appoints Bolaji Agbede after death of CEO
Access Bank, one of Nigeria's largest banks, has appointed a temporary replacement for CEO Herbert Wigwe, who died alongside five others in a helicopter crash last...
The decision to go to IMF was our last resort – Dr. Tiah Kabiru Mahama
Technical Advisor to the Vice President, Dr. Tiah Kabiru Mahama says going to the International Monetary Fund (IMF) was government's last hope for assistance.According...
Growth of currency outside banks strong in final quarter of 2023
The growth of currency outside banks was strong in the last quarter of 2023, a reflection of an ease in inflation during the period.The...
Bawumia’s praise of BoG despicable – Bentil
Senior Vice President of IMANI Ghana, Kofi Bentil, has described Vice-President Dr Mahamudu Bawumia's praise of the Bank of Ghana (BoG) during the country's...
Ghana’s earnings from crude oil exports, production fall by over $400m in 2023
Ghana’s total earnings from exports of crude oil, production activities, surface rental and corporate taxes for 2023 witnessed some significant decline.A review of Ghana’s...
IMF asked government to choose between taxes and cutting expenditure – Yusif Sulemana alleges
Bole Bamboi MP Yusif Sulemana says the International Monetary Fund (IMF) asked government to either increase revenue by 0.2% of the GDP in the...
Government borrowed GH¢22.06bn via T-bills in January 2024
The government of Ghana borrowed GH¢22.06 billion via treasury bills in January 2024.This is about 35.80% more than the targeted amount of GH¢15.13 billion.The...
BoG commended for making economic data more accessible
The Bank of Ghana has received praise for enhancing the accessibility of economic data via its recently launched Database Portal.On Monday, February 5, 2024,...
Ghana witnessing worst tax system under Akufo-Addo – Seth Terkper
Former Finance Minister, Seth Terkper has criticized the Akufo-Addo government for implementing what he considers the "worst tax system" in Ghana's history.He argued that...
SML contract: Akufo-Addo rejects GRA’s request
President Akufo-Addo has denied the Ghana Revenue Authority’s request to allow for the running of the Strategic Mobilisation Ghana Limited (SML), system that has been installed to...
IMF’s $600m resounding affirmation of Ghana’s progress – Ofori-Atta
Finance Minister, Ken Ofori-Atta has expressed his appreciation for the release of the second tranche of Ghana's extended credit facility by the International Monetary...
IMF approves second $600m for immediate disbursement to Ghana
The International Monetary Fund (IMF) has approved the second tranche of US$600 million for Ghana.This was contained in a statement issued by the IMF...
$600m IMF cash will be advanced towards budget support – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, has revealed that the $600 million second tranche International Monetary Fund (IMF) bailout package expected next week would...
There’ll be fiscal slippages ahead of election 2024 – Prof Bokpin
Economics and Finance lecturer at the University of Ghana Business School (UGBS), Professor Godfred Alufar Bokpin, has predicted potential fiscal spillages as Ghana gears...
We will reallocate some project funds if not utilised by June 2024 – World Bank warns Ghana
The outgoing World Bank Country Director, Frank Pierre Laporte, has strongly indicated that project funds allocated to Ghana but have not been utilized will...