Our global growth projections are unchanged at 3.2 percent this year and slightly higher at 3.3 percent for next year, but there have been notable developments beneath the surface since the April World Economic Outlook. Growth in major advanced economies is becoming more aligned as output gaps are closing. The United States shows increasing signs of … Read more
Our global growth projections are unchanged at 3.2 percent this year and slightly higher at 3.3 percent for next year, but there have been notable developments beneath the surface since the April World Economic Outlook. Growth in major advanced economies is becoming more aligned as output gaps are closing. The United States shows increasing signs of … Read more
Advertisement The Chief Economist at the International Monetary Fund (IMF) Pierre-Olivier Gourinchas is presenting the latest projections and assessment for the global economy at the release of the July 2024 World Economic Outlook Update. 🔴 LIVE EVENT: Chief Economist @pogourinchas presents our latest projections and assessment for the global economy at the release of the July … Read more
Some oil marketing companies (OMCs) have begun upwardly adjusting their prices at the pumps following the commencement of July’s second pricing window. One of the leading oil marketing companies, Shell for instance, which previously sold a litre of petrol at GHȼ14.80 is now selling at GHȼ15.10 while a litre of diesel previously selling at GH¢14.92 … Read more
Advertisement London-based financial analysis firm Fitch Solutions has projected that the Cedi will regain its value by 9% by year-end against the US Dollar. In an article titled “Sub-Saharan Africa Currency Round-Up: Greater Stability Ahead in Second Half of 2024,” it is predicted that external conditions will provide more support to Sub-Saharan African currencies in … Read more
Advertisement Government, through the Ministries of Finance and Trade and Industry and partnering agencies will launch the ‘SME Growth and Opportunity’ Programme at a summit on Tuesday 16th July 2024. The SME Programme prioritises coordination between partnering agencies to ensure the targeted delivery of financial and technical support to high-growth potential SMEs. The Summit under … Read more
The Ghana Cedi is expected to recover some losses against the dollar in the coming months, Fitch Solutions has disclosed. According to the London-based firm, this is due to enhanced investor confidence, increased dollar inflows, and easing external conditions. In an article titled “Sub-Saharan Africa Currency Round-Up: Greater Stability Ahead in Second Half of 2024,” … Read more
Fidelity Bank Ghana made a significant contribution to the Electric Mobility Conference 2024, held at the Movenpick Ambassador Hotel in Accra. Atta Yeboah Gyan, Deputy Managing Director at Fidelity Bank, delivered a thought-provoking keynote address which shed light on the vast opportunities and challenges presented by the e-mobility revolution in Africa. The two-day conference, proudly … Read more
Atlantic Lithium Limited says it has received authorisation to recommence operations after a fatal accident occurred earlier in the past week at its project site. In a statement, Atlantic Lithium indicated that the authorisation follows the Minerals Commission’s investigation into the tragic incident, conducted with the company’s cooperation. Despite the authorisation, the company says it … Read more
Real estate sector players are lamenting over the government’s reintroduction of a 17.5 percent Value Added Tax (VAT) on the sale of immovable properties. They argue that the tax is hindering sector growth and criticise the lack of consultation prior to its reintroduction. They urged the government to abolish the tax as part of its … Read more