Director of Operations at Dalex Finance, Joe Jackson, has described the current economic downturn as one of the toughest he has experienced since 1981. According to him, there is no dispute when it comes to the dire economic situation the country finds itself in and this is especially reflected in Ghana’s interest rates. “The government

The Director of Operation at the Ghana Internal Audit Agency (IAA), Mr. Nathan Yankey has revealed that some internal auditors are poisoned and killed for doing their jobs effectively. He recounted that an officer of the agency had his food poisoned and got him killed immediately after eating because he was ensuring that the public

Consumer spending, proxied by domestic VAT collections and retail sales, posted a mixed performance in May 2022, compared with the corresponding period in 2021. According to the Bank of Ghana, domestic VAT collections increased by 30.6% on a year-on-year basis to ¢700.12 million, from ¢536.10 million. Cumulatively, total domestic VAT for the first five months

The Ghana Statistical Service (GSS) doubts the country’s inflation will witness a decline anytime soon as figures peg the inflation rate at 31.7 per cent in July. In an interview with JoyNews, the Service’s Head of Price Statistics, John Forster Agyaho warned that prices of goods and services may continue to rise on the market despite

The Association of Ghana Industries is warning that the perennial rapid fall of the cedi will continue until the structure of the economy is changed to prioritise industrialisation to boost exports. According to its President, Dr. Humphrey Ayim-Dake, industry is not surprised about the current rate of the depreciation of the cedi. Speaking to Joy

The Ghana Union Traders Association (GUTA) is calling on the government to review the profit repatriation law to make multinational firms in Ghana repatriate their profits in tranches within the year. GUTA said the bulk repatriation puts pressure on the Cedi against the major international trading currencies. According to the Vice President of the GUTA

Ghana is expecting to receive $3 billion dollars over three years from the International Monetary Fund, if an agreement on a program is reached, international news agency, Bloomberg reported. Bloomberg reported that the loan requested was double the amount of $1.5 billion the west African nation was requesting a month ago. According to the news

Fitch says it strongly believes Ghana’s deal with the International Monetary Fund (IMF) is likely to happen within the next six months. Fitch estimated that a programme could disburse as much as USD3 billion and unlock budget support from other multilateral lenders. “In July 2022, the authorities reversed a long-standing position against seeking IMF support.