Director of Communications at the Bank of Ghana (BoG) Bernard Otabil, Advertisement Central banks all over the world are registering negative equity and this does not mean they fold up and cease operations, the Director of Communications of the Bank of Ghana, Mr. Bernard Otabil, has said. He says that in the case of Ghana’s … Read more
Advertisement The Director of Communications of the Bank of Ghana, Mr. Bernard Otabil, said that as a matter of public interest, central banks all over the world have registered losses in their quest to achieve their price stability mandate. His comment comes after the Member of Parliament (MP) for Bawku Central, Mr. Mahama Ayariga, on … Read more
Advertisement The inflation rate for the month of June has dropped to 22.8 percent, the Government Statistician, Professor Samuel Kobina Anim, has announced. Prof Anim stated that the drop represents a decline of 0.3 percentage points from that of the month of May which was at 23.1 percent. He said this at a press conference … Read more
Ghana faces the risk of spending millions of cedis on timber imports, as 75 out of 100 local timber manufacturing companies have collapsed due to continuous forest destruction by bushfires. Players within the timber industry warn that the remaining 25 companies in the Western North, parts of Eastern and Central Regions, are struggling to secure … Read more
The latest data from the Ghana Statistical Service indicates that inflation for June has dropped to 22.8%. The figure represents a 0.3 percentage decrease from the 23.1 percent rate of inflation recorded in May 2024. The month-on-month rate for June also witnessed a decrease, recording 2.9 percent. Per the Consumer Price Index data released by … Read more
Advertisement Moody’s Ratings has indicated possibility of upgrading Ghana’s credit rating after the country Eurobonds exchange. In a note, the global rating agency gave hint that it has completed a periodic review of the ratings of Ghana and other ratings that are associated with this issuer. Ghana’s ratings, which includes its long-term issuer ratings of … Read more
Ghana’s Venture Capital Trust Fund has gone beyond its own equity financing of early stage SMEs – in collaboration with private investors – to engage in several key initiatives aimed at creating a self-sustaining, private sector led venture capital and private equity industry. TOMA IMIRHE examines what it is doing and how its efforts will … Read more
Advertisement The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye says that calls for review of the Bank of Ghana (BoG) Act are meant to safeguard the central bank’s independence while ensuring its accountability. To him, an independent, transparent and accountable Bank of Ghana is an absolute necessity. “IEA’s recent … Read more
CalBank PLC has listed additional shares and commenced trading on the Ghana Stock Exchange as part of its renounceable rights issue. CalBank PLC completed its renounceable rights issue, raising a total of GH₵145 million. This followed the discontinuation of the legal action challenging CalBank’s GH₵600 million rights issue. The offer consisted of over two billion … Read more
The Ghana Cedi recorded a marginal depreciation as it lost 0.58 percent against the US Dollar last week, although analysts project it to remain stable this week as foreign exchange liquidity improves. Many had high expectations that the inflow of $360 million from the International Monetary Fund would immediately stabilise the local currency. However, the … Read more