The Chief Executive Officer of Clay Group, Kuukua Adams, has described the impact of the current economic hardship on start-ups as a never-ending nightmare.

A Deputy Minister for Trade and Industry, Herbert Krapa, is calling on private entities to collaborate with the government to support small and medium-scale enterprises.

President Nana Addo Dankwa Akufo-Addo says the government will implement measures to reduce Ghana’s public debt to Gross Domestic Product (GDP) to 55% by 2028.

The Bank of Ghana (BoG) has strongly denied claims of collusion with illegal foreign exchange traders (forex) at the Central Business District in Accra to transfer funds offshore.

Bank of Ghana Governor, Dr. Ernest Addison, has expressed commitment to restoring order and bringing stability to the country’s foreign exchange market through stringent measures.

The Association of Ghana Industries (AGI) has expressed its readiness to support President Nana Addo Dankwa Akufo-Addo to steer the country from the current economic stress.

The Bank of Ghana is scheduled to engage managers of commercial banks and forex bureau operators today as part of measures to halt rapid depreciation of the cedi and also curb the undue speculation on forex rates in the country.

The government says it is working to reach a Staff-Level Agreement with the International Monetary Fund (IMF) for a support programme by the end of this year.

If steps are not taken to curb the rampant increase in the prices of fuel at the country’s filling stations, the Chamber of Petroleum Consumers Ghana (COPEC) predicts that fuel prices could reach GHS18 per litre by the end of the year.

88% of Small and Medium Scale Enterprises across the country do not have international certification to take advantage of the African Continental Free Trade Area (AfCTFA).

Finance Minister Ken Ofori-Atta of the Republic of Ghana will preside over the V20 Ministers of Finance Annual Dialogue IX this coming Sunday, 16 Oct 2022.

(Bloomberg) — Ghana will start to engage with local and foreign investors to help fast-track negotiations with the International Monetary Fund for as much as $3 billion to support its economic program.