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Inflation surges to 37.2% in September 2022

According to the Ghana Statistical Service, inflation (year-over-year) increased dramatically in the month of September, rising by 3.3% to 37.2%. This is against the 33.9%...

Debt management strategy: 5-member committee to engage financial sector players

A five-member committee has been established by the government to coordinate discussions on managing Ghana's debt with participants in the financial sector. According to a...

Cedi Rates: Bureaus sell $1 at GH¢11.23, BoG GH¢9.72 as at October 12

Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.   On the Interbank forex rates from the Bank of Ghana...

Jacob Rees-Mogg says he has ‘confidence’ in Bank of England governor Andrew Bailey but disputes pension funds ‘at risk’

Jacob Rees-Mogg has declared his confidence in the governor of the Bank of England, but disputed that pension funds are at "systemic" risk. Speaking to...

FLASHBACK: ‘If I were you, I would be selling my dollars by now’ – Oppong-Nkrumah hints on $2bn injection into economy

Kojo Oppong Nkrumah, the information minister, asked Ghanaians to start selling their dollars around two months ago because the depreciation of the cedi will...

Economic crunch: Some banks begin suspending loans to new customers – Report

Due to Ghana's current economic crisis, some of the country's commercial banks are reportedly starting to halt lending, particularly to new clients. The event, according...

Government to blame for worsening economic condition not BoG – Murtala Mohammed

Ranking Member on Parliament’s Trades Committee, Murtala Mohammed, says the Bank of Ghana (BoG) cannot be blamed for the harsh economic situation the country...

Cedi to US dollar rate: Breaking the 8, racing to 10 and the new 11 factor

Some Ghanaians were unaware that the Ghana Cedi had now reached the GH11 mark to the US$1 mark when they awoke on Monday, October...

Banking sector resilient despite macroeconomic challenges – BoG

Despite the challenging macroeconomic problems the nation was facing, the banking sector's performance remained solid. In a statement released by the Bank of Ghana (BoG)...

E-Levy: GH¢328.80 million collected as of September – GRA

According to the Ghana Revenue Authority (GRA), GH328.80M in revenue had been produced as of September 2022 since the Electronic Transfer Levy's implementation began. The...

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