Ghana will return to single digit inflation in the first quarter of 2026. According to IC Research, it shifted forward its forecast to quarter one 2026, on the back of the sluggish disinflation and earlier forex pressure. “We also flag the renewed external policy uncertainty as a risk to exchangeContinue Reading
A bag of onions is recording an astronomical increase in both the retail and wholesale markets in the Ashanti region. A bag of the commodity is currently selling at nearly 4,000 cedis from its initial cost of about 3,000 cedis at the beginning of the year. A bucket of largeContinue Reading
Governor of the Bank of Ghana, Dr. Ernest Addison, has revealed that he took over leadership of the Central Bank during a turbulent period when the International Monetary Fund (IMF) had recommended drastic measures to stabilize the country’s financial sector. According to him, the IMF had recommended sweeping reforms, includingContinue Reading
The Ghana Shippers’ Authority (GSA) has cautioned players in the commercial shipping sector not to charge shippers (importers and exporters) for delays at the port not occasioned by them. In a statement released on 24th December 2024 and signed by the Chief Executive Office, Kwesi Baffour Sarpong, the GSA stressedContinue Reading
Traders at the Avenor livestock market in Accra are grappling with unusually low sales during this year’s festive season, attributing the downturn to soaring prices of livestock. The price hikes, they say, are largely driven by the high exchange rate between the Ghanaian cedi and the West African CFA Franc,Continue Reading
Inflation is expected to end 2025 within the range of 10% to 12%. According to Databank Research, this will potentially prompt the Monetary Policy Committee (MPC) of the Bank of Ghana to adopt a cautious approach to policy easing. Professional services firm, Deloitte had already predicted an average inflation ofContinue Reading
The Bank of Ghana (BoG) has issued the bancassurance directives as an Exposure Draft to solicit comments and inputs from the banking industry and the general public, in line with the BOG’s Procedures for Issuance of Directives, 2020. According to the BoG, Bancassurance has notably grown in Africa and aroundContinue Reading
Professional services firm, Deloitte, is predicting a persistence reduction in interest rates in 2025 on the back of a sustained disinflationary trend. It is thus forecasting an end-year policy rate of 22.5% in 2025. This will come as a huge relief for households and businesses as cost of borrowing willContinue Reading
Despite facing significant challenges in 2022, Ghana’s Liquefied Petroleum Gas (LPG) consumption saw a modest increase of 4% in 2023. According to recent data by the Ghana Chamber of Bulk Oil Distributors’ 2023 Industry Report, LPG consumption rose from 305,076 metric tons in 2022 to 317,465 metric tons in 2023.Continue Reading
Removing the E-Levy and COVID-19 tax is projected to result in a total GHS 22.15 billion revenue loss between 2025 to 2027. The ambitious proposal by the President-elect, John Dramani Mahama to have these tax lines scrapped has sparked concerns about its feasibility, particularly under Ghana’s ongoing IMF-supported programme. TheContinue Reading