After showing some strength against the American dollar all of last week, the Ghana cedi started this week, Monday, November 7 with a terrible poor showing.
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- Finance Minister Ofori-Atta speaks amid efforts to sack him: “Your best bet is still Ghana”
- Inflation climbs to 50.3% in November even as GH economy wakes from slumber
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- Bailout discussion have been “very fruitful” – IMF confident about deal with Ghana soon
- Economic Crisis: Finance Minister Ken Ofori-Atta banks hope on miracle to revive Ghanaian economy
Economy Latest News
Ghana Statistical Service pegs inflation rate for December at record 54.1 percent
The increasing rate of Ghana's goods and services has jumped to a record 54.1 per cent. This is according to figures by the Ghana Statistical Service (GSS).
Databank reopens offices nationwide after closing down over attacks
Databank has rolled out a schedule for the re-opening of all offices across the country starting from Tuesday, January 10. Other officers open at later dates.
Mass layoffs hit banks and insurance companies over projected difficult 2023 – Reports
Some banks and insurance firms are laying off their staff over fears of a challenging 2023 in the financial sector. The debt exchange programme has been blamed.
Minority predicts mass layoffs, further cedi depreciation, 8 other economic forecasts in 2023
The Ranking Member of Parliament's Finance Committee, Dr Ato Forson has predicted mass layoffs, further cedi depreciation and other economic forecasts for 2023
Cedi depreciation: EIU predicts local currency will lose about 22% value in 2023
The Economist Intelligence Unit (EIU) has predicted that the Ghanaian cedi will lose about 22% value to the United States dollar in 2023. Click to read more.
Bright Simons lists 7 flaws of govt’s debt restructuring and how they can be fixed
Bright Simons has identified some problems with the debt restructuring programme announced by government and also what finance ministry must to fix the flaws.
Minority questions inclusion of individual bondholders in Debt Exchange programme
Dr Ato Forson is questioning the timing for the release of the information on the inclusion of individual bondholders in the domestic debt exchange programme.
Government further extends Domestic Debt Exchange expiration date, amends terms
The finance ministry has announced a further extension of the Domestic Debt Exchange expiration date. The expiration date has now been set for January 16, 2023.
Gov’t plans to sell off 17 defunct state-owned companies
The government has disclosed plans to sell off some 17 troubled state-owned enterprises under a divestiture programme. Joseph Cudjoe disclosed the plan recently
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