The teams focused their efforts on a few of the highest-value S&OP levers in order to review the current planning process, identify gaps in the planning infrastructure and analytically understand demand and supply variability.
Governor of the Bank of Ghana, Dr. Ernest Yedu Addison, has said that the main reason for high lending rates in the country is largely due to government’s huge borrowing from the domestic debt market to support the budget; hence, any hope of affordable lending will depend on fiscal consolidation. Dr. Addison’s comment comes on
Government missed its target of Ghs 673 million for the 91-day and 181-day treasury bills auctioned on Friday, April 30, 2021. This would be the fourth consecutive week government has missed its targets for treasury bills auctions. Auctioning results published by the Bank of Ghana, indicate that government mobilized Ghs 573.22 million for both the
Ghana has on several occasions warnings and alerts from rating agencies and major multilateral institutions such as the World Bank, IMF, and Fitch Ratings over its stagnant revenues and rising debt vulnerabilities. Fitch Ratings for instance, in June, reviewed downwards Ghana’s Long-Term IDR from ‘B’ to ‘B-‘ indicating an increase in the country’s default risk in repayment of its
Woodfields Energy Resources Limited, an indigenous Ghanaian petroleum company, has refuted claims of its indebtedness to the Tema Oil Refinery (TOR) to the tune of five million dollars. According to the company, they have honoured all their payment obligations for processing fees to TOR and is not indebted to the refinery for any processing fee
Chief Executive Officer of Dalex Finance, Ken Thompson, has said that one of the reasons financial institutions shy away from giving loans to private sector is the lack of available information to verify borrower’s credit worthiness, hence, government should step up efforts in providing a strong database that will address this problem. He said government
The size of Ghana’s economy is projected to swell from $62.8 billion in 2020 to $83.2 billion by the end of 2023. According to Fitch Solutions, research arm of credit rating agency, Fitch Ratings, the expansion of Ghana’s economy is expected to start this year, with the economy growing by $7.2 billion in monetary terms.
The World Bank Group is looking to deepen regional integration on the African Continent with an updated Regional Integration and Cooperation Assistance Strategy (RICAS) for the continent. The updated RICAS will support greater regional connectivity in the areas of transport, energy and digital infrastructure. It will also promote trade and market integration through trade facilitation in regional economic
irst Deputy Governor of the Bank of Ghana (BoG), Dr Maxwell Opoku-Afari, has said the Business Sans Borders (BSB) project between Singapore and Ghana is a game-changer in the BoG’s efforts to drive financial sector activity and inclusive SME development in the country. According to the First Deputy Governor, the ability of the BSB to change financial sector
Tekper dismisses 10.8% fiscal deficit at end-2016; says economy now not better than it was in 2016 Former Finance Minister, Seth Tekper, has dismissed assertions that the fiscal deficit to Gross Domestic Product (GDP) stood at 10.8% in 2016, saying, the past administration actually left a budget deficit of 6.1% or 4.7%, depending on the