Economy
Stories in this category
Global conflicts contributing to Cedi depreciation — Prof Asuming
An economics lecturer at the University of Ghana, Professor Patrick Asuming, has attributed the recent depreciation of the Ghana cedi partly to escalating global conflicts and geopolitical uncertainties.
Rising fuel costs pose risk to Ghana’s inflation outlook – Deloitte
According to the report, the Bank of Ghana is expected to slow the pace of its interest rate cuts and adopt a cautious stance amid mounting inflationary pressures.
BoG warns rising transport, haulage costs and potential fare hikes could fuel inflation
"Headline inflation has risen for three consecutive months from 3.2 percent in March to 5.3 percent in June, driven largely by transport and haulage prices."
Minority alleges secret plot to capture VALCO, demands transparency
The Minority Caucus in Parliament has accused the Mahama administration of pursuing the “capture” of the Volta Aluminium Company Limited (VALCO) in secrecy, and demanded full disclosure of plans to restructure the state-owned smelter. In a press statement dated 29 July and signed by Kwaku Ampratwum-Sarpong, Ranking Mem...
Anowah Afrique seeks strategic partnerships to boost jobs and drive Ghana’s industrial growth
Ghanaian-owned garment manufacturing company Anowah Afrique has unveiled an ambitious plan to expand employment opportunities.
COCOBOD misses June deadline to clear GH¢6bn cocoa arrears, leaves GH¢3.4bn unpaid
The Ghana Cocoa Board (COCOBOD) has failed to meet its self-imposed end-of-June deadline to clear more than GH¢6 billion owed to cocoa farmers and Licensed Buying Companies (LBCs), leaving an estimated GH¢3.4 billion still outstanding.
T-bills auction: Government exceeds target by 77%; but to pay more for one-year bill at maturity
The government recorded 77% oversubscription of the treasury bills auction, as the yield on the one-year bill hit 12.99%. According to the auction results by the Bank of Ghana, most of the investors bought the 364-day bill because of the attractive interest rate. However, the government will have to pay more to serv...
Wrong timing – AGI questions electricity tariff hike despite falling inflation and stable cedi
The Association of Ghana Industries (AGI) has questioned the timing of the latest electricity tariff adjustment, arguing that the increase comes at a time when key economic indicators are improving, and global fuel prices are beginning to ease.
Global economic growth remain steady if oil price shock is not prolonged – Fitch
“We expect US consumption to slow in 2026 as labour market weakness weighs on household income, but the US fiscal deficit is widening again. We forecast US 2026 GDP [Gross Domestic Product] growth at 2.2%, revised up from 2% in our January forecast update, and unchanged from last year”, Fitch said.
Business without integrity is danger, leadership without humility is arrogance – Asantehene
The Asantehene, Otumfuo Osei Tutu II, has urged Ghanaian business leaders to place integrity, honesty and humility at the centre of corporate leadership, warning that sustainable businesses cannot thrive without trust.
GUTA challenges utility tariff increase, says strong cedi should have led to price cuts
The Ghana Union of Traders’ Associations (GUTA) has challenged the latest utility tariff increase, arguing that improving macroeconomic conditions should have resulted in lower charges rather than higher ones.
GIPC CEO courts Canadian investors in Toronto
The session, organised by the Canada-Ghana Chamber of Commerce in collaboration with the High Commission of Canada to Ghana, brought together government officials, investors, diplomats and private sector leaders to explore avenues for strengthening trade, investment and partnerships between Ghana and Canada.