The Ghana cedi is projected to close the year around GH¢17.70 to one US dollar in 2025, with a deviation of ± GHp20, Databank Research has revealed. Its expectation is supported by the likely strengthen of gold reserves and the upgrade of the Ghanaian economy which is expected to boostContinue Reading
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has revealed that the central bank is projecting inflation rate to reach single digit by the first quarter of 2026. He pointed out that the forecast will depend on the economic programmes and policies that will be implemented inContinue Reading
World Bank Vice President for Africa West and Central, Mr. Ousmane Diagana will visit Ghana from January 6 to 11, 2025. Whilst in Ghana Mr. Diagana will attend the inaugural ceremony of the swearing-in of H.E. President-Elect John Dramani Mahama. Mr. Diagana will also meet with H.E. President Mahama to discuss theContinue Reading
McDan Aviation, a major player in Ghana’s aviation sector, has responded to the recent closure of its Fixed Base Operator (FBO) facility at Kotoka International Airport, appealing for calm, constructive dialogue, and unity. The company issued an official statement expressing gratitude to the Ga-Dangme youth group for their vocal supportContinue Reading
The President, Nana Addo Dankwa Akufo-Addo, has reiterated that the banking sector cleanup initiated by his administration in 2017 was a critical and necessary decision to safeguard Ghana’s financial stability, rather than an act of personal vendetta. Speaking during his final State of the Nation Address (SONA) to Parliament onContinue Reading
President Mahama can start on a very good note by reducing prices of fuel. The price of crude oil globally ended the Year 2024 in the low $70s per barrel. At this price, the government should seize the opportunity to reduce the prices of fuel and reset the economy. TheContinue Reading
The Chairman of the Finance Committee, Patrick Boamah, has disclosed that an amount of GHC20 billion has been earmarked in the 2025 Mini-Budget for interest payments, including obligations to Independent Power Producers (IPPs) and the Energy Sector Levy Account (ESLA). “The Committee noted that projections in respect of interest paymentsContinue Reading
President Nana Addo Dankwa Akufo-Addo has challenged the incoming Mahama administration to achieve the debt-to-GDP ratio of 55% by the end of its tenure. According to the outgoing President, achieving this target would demonstrate Ghana’s commitment to fiscal responsibility and provide a solid foundation for economic growth. Ghana is workingContinue Reading
President Nana Addo Dankwa Akufo-Addo has emphasised the importance of maintaining Ghana’s financial commitments. He advised the incoming finance minister to ensure that the country never defaults on its debt repayments. He said this when he announced that the government will pay Eurobond holders $346 million today during his finalContinue Reading
President Nana Addo Dankwa Akufo-Addo has announced that the government will pay $346 million to Eurobond holders, effective January 3, 2025. In his statement, the President emphasized the government’s commitment to honoring its financial obligations and avoiding any defaults on debt repayments. He stressed the significance of maintaining the country’sContinue Reading