The United States Agency for International Development (USAID)-supported initiative, Ghana Mobilizing Finance in Agriculture (MFA), is committing up to US$261million in loans to expand financing to agribusinesses.
Economist Intelligence Unit (EIU) expects inflation to end the year at 38.1 percent on the average, despite a slowdown in monthly inflation over most of the period.
Global trade is conducted in the currencies of the world’s major economic powers, principally the US dollar, the European Union’s euro, the Japanese yen and, to a lesser extent, the Chinese renminbi and the UK’s pound sterling.
The Ghana Ports and Harbours Authority (GPHA) is expressing serious concerns over the drop in traffic at the various ports in the country.
The Director General of the Securities and Exchange Commission (SEC) Rev. Daniel Ogbarmey Tetteh has disclosed that the proposed Investor Protection Fund is scheduled to take off from 2024.
The United States of America intends to increase investments on the African continent to propel economic growth.
The International Monetary Fund (IMF) has called on all bilateral creditors to support Ghana’s efforts to restore debt sustainability, as the country works towards presenting its economic programme for IMF Board approval.
President Nana Akufo-Addo has assured that government has made significant progress in its external debt negotiations since announcing an external debt service suspension on December 19, 2022 for certain categories of external debt.
The National Petroleum Authority (NPA) has revealed that the initial 40,000 tons of diesel that arrived in January under the Gold-for-oil policy were valued at US$40 million.
Policies spearheaded by the Bank of Ghana (BoG), particularly those driven by mobile money, led to a rise in financial inclusion to 68 percent in 2021 from 22 percent in 2011.
The Monetary Policy Committee (MPC) of the central bank has further raised the policy rate by 100 basis points to 28 percent from 27 percent, in an effort to drive inflation onto a downward path.
The Ghana Association of Banks (GAB) and government have reached a significant agreement regarding the terms of participation for banks in the Domestic Debt Exchange Programme (DDEP).