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
The Bank of Ghana has indicated that infrastructure alone is not enough to build a robust and efficient payment system in Ghana and the rest of the Africa continent. According to the Governor, Dr. Johnson Asiama, policy coherence and regulatory agility must go hand-in-hand to achieve a vigorous and effectualContinue Reading
In a significant endorsement of Ghana’s economic recovery efforts, global credit rating agency S&P Global Ratings has upgraded the country’s foreign-currency sovereign credit rating from Selective Default (SD) to CCC+, reflecting renewed investor confidence and the positive momentum in economic management under the leadership of Finance Minister Dr. Cassiel AtoContinue Reading
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has warned that the US tariffs announced by President Donald Trump pose a significant risk to the global outlook at a time of sluggish growth. In a statement, the IMF boss said her outfit is still assessing the macroeconomic implicationsContinue Reading
The International Monetary Fund has indicated that it will formally assess Ghana’s progress in meeting key commitments in April 2025. This will be in the context of the fourth review of the Extended Credit Facility arrangement. The Fund pointed out this in a statement after a Staff team led by StéphaneContinue Reading
An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, visited Ghana from February 10 to 14 to discuss the country’s macroeconomic outlook and policy direction with government officials and key stakeholders. In a statement at the end of the visit, he noted that the mission team engaged GhanaianContinue Reading
Ghana, the world’s second-largest producer of cocoa, has seen its 2024 export earnings plummet to $1.7 billion—the lowest in 15 years. An analysis of data from the Bank of Ghana shows that cocoa export earnings have fallen below the $2 billion mark, representing a sharp 25.4% decline in just a year. This drop is largelyContinue Reading
The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion the economy. This was disclosed by the Finance Minister-designate, Dr Cassiel Ato Forson, on Thursday. President John Mahama, who was sworn into office this week after beating theContinue Reading
President Nana Addo Dankwa Akufo-Addo has hailed the country’s ongoing programme with the International Monetary Fund (IMF), describing its progress as highly successful. The President also points out that, the economy has performed better than initially projected under the programme – which is indicative of a stronger recovery trajectory. SpeakingContinue Reading