3 d. ago Government promised to reverse new hires of civil servants – IMF reveals

The Fund also stated that the new authorities assured it is fully committed to achieving the fiscal objectives under the IMF-supported programme while implementing their policy priorities.

Politics

6 d. ago IMF’s caution against artificial stability of Cedi vindicates our red flag – IERPP

The Institute of Economic and Research Policy Promotion (IERPP), says it has been vindicated by the IMF's expression of concern and caution to the government over its control of the stability of the Cedi. The Executive Board of the IMF, in its fourth review under the Extended Credit Facility Arrangement with Ghana, expressed concern about how the government has been pumping in forex to support the Cedi against major currencies, instead of allowing market factors to determine the stability of the local currency.

Politics

7 d. ago Preserve integrity of fiscal policy adjustment to bolster economic recovery – IMF to government

It commended the government (Ministry of Finance and Bank of Ghana) for making headway on their public debt restructuring, highlighting the Memorandum of Understanding (MoU) with Ghana’s Official Creditors Committee (OCC) under the G20 Common Framework.  The focus is now on finalising the bilateral agreements to implement the MoU.

Politics

8 d. ago Resetting fiscal credibility: Why bond markets are taking notice

Ghana’s macroeconomic landscape is undergoing a fundamental reset. After navigating a turbulent period of high inflation, fiscal strain, and currency depreciation, the economy is now witnessing a notable recovery. A combination of falling inflation, a strengthening cedi, and reinforced fiscal discipline has driven a sharp decline in domestic bond yields. The turnaround in investor sentiment […]

Politics

3 w. ago Multichoice Ghana announces major discounts on DStv and GOtv

Multichoice Ghana has announced major discounts on its DStv and GOtv services, aimed at providing more value to customers as the country’s economy shows signs of recovery.

Politics

3 w. ago Economy recovering on paper but not in pockets – Economist warns of disconnect

Ghana’s economy may be looking healthier on paper, but that recovery hasn’t reached the wallets of ordinary citizens. That’s the warning from economist and lecturer at the University of Ghana Business School, Professor Patrick Asuming. Speaking on PM Express Business Edition on JoyNews, Prof. Asuming cautioned against over-celebrating recent improvements in key macroeconomic indicators when […]

Events

3 w. ago Strong financial and monetary policies have boosted Ghana’s foreign reserves – Prof. Patrick Asuming

Ghana’s recent improvement in foreign reserves has been driven by strong financial and monetary policy discipline, not necessarily a broad-based recovery in the real economy.

Events

3 w. ago Fitch upgrade: Finance Minister promises full revival of Ghana’s economy 

Dr. Cassiel Ato Baah Forson, Finance Minister, promises investors and citizens of Ghana’s full economic recovery as Fitch Ratings upgrade of the country’s improvement in the country’s creditworthiness.

Politics