Ghana, which defaulted three years ago, is on track to hand investors the best dollar-bond returns in emerging markets in May, amid mounting confidence in the government’s handling of the economy. Dollar-denominated bonds for the gold and cocoa producing country delivered 8.7% in total returns this month, according to dataContinue Reading
From ending 2024 at $1 to GH₵14.70, the cedi has appreciated nearly 30% in the first five months of this year, currently trading at $1 to GH₵10.30. That’s the strongest level the cedi has reached in over two years, and the sharpest appreciation over this period since 2010. This veryContinue Reading
Trade activity in the secondary bond market remained modest amid banks’ end-of-month rebalancing. Activity was spread across all tenors. The February 2027 and Aug 2027 led the activity, accounting for 44% of trades at an average Yield-To-Maturity (YTM) of 20.9%. Overall, the shorter end of the LCY curve contributed 60%Continue Reading
The Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs) says Ghanaians may soon enjoy significantly lower fuel prices at the pump if the cedi continues its recent run of stability. Dr Riverson Oppong, speaking on JoyNews, projected that petrol could drop to as low as GH¢12 perContinue Reading
Acting Chief Executive of the Ghana Chamber of Mines, Ahmed Dasana Nantogmah, says the era when mining companies operated in isolation from host communities is over. Speaking on JoyNews, Nantogmah stated emphatically that “Mining isn’t leaving communities behind anymore.” He explained that mining companies now have deliberate policies to ensureContinue Reading
Ghana’s mining industry is employing more people from host communities than ever before, with nearly 42% of workers at some mining companies now coming directly from local areas. That is according to the Acting Chief Executive of the Ghana Chamber of Mines, Ahmed Dasana Nantogmah. Speaking on JoyNews, Nantogmah madeContinue Reading
Under Ghana’s 2012 Road Traffic Regulations (LI 2180), the use of motorcycles and tricycles for commercial passenger services remains prohibited. Yet, in recent years, tricycles, popularly known as pragya, have transformed public transportation in Kumasi, providing affordable and convenient mobility for commuters. Despite their illegal status, the tricycle business hasContinue Reading
After years of economic turbulence marked by ballooning debt, cedi depreciation, and waning investor confidence, Ghana is finally witnessing a refreshing reset under the stewardship of the Governor of the Bank of Ghana and the current Finance Minister, Hon. Ato Forson. The duo has not only brought technical clarity toContinue Reading
Commercial banks operating in the country will now be required to maintain cash reserves in the same currency as the deposits they hold. This is a key policy adjustment as the Bank of Ghana (BoG) amends its Dynamic Cash Reserve Ratio (CRR) framework. The revision is to deepen financial sectorContinue Reading
Governor of the Bank of Ghana, Dr. Johnson Asiama, says consumers can expect a gradual reduction in the prices of goods and services. This is because, the recent appreciation of the cedi will soon begin to filter through the economy. Speaking at a press briefing following the Monetary Policy CommitteeContinue Reading