The global economy is making progress returning to its pre-pandemic growth trajectory, though supply challenges and quicker inflation continue to make for a bumpy recovery. In the U.S., rising prices are weighing on sentiment and risk restraining the pace of consumer spending growth. China’s economy is already showing a hit from the surging delta variant

The Bank of Ghana (BoG) has auctioned its own bills or short-term securities worth Ghs 5 million. The short-term security with a maturity period of 56 days was auctioned by the Central Bank on Monday, May 24, 2021. Per the auction results released by the BoG, it is unclear the value of bids made by

Ghana’s economy to continue strong growth despite lurking risks – BoG Governor tells investors Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said Ghana’s economy will continue to show strong growth despite risks posed by the Covid pandemic and its ability to derail the economic progress made so far by the country. Speaking to investors at

Governor of the Bank of Ghana, Dr. Ernest Addison, is urging government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium term fiscal sustainability. According to him, this is crucial to accelerate financial stability for the country. Speaking at the 10th edition of the Ghana Economic Forum

The IMF Executive Board met today to conclude its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report. This was the eighth such Board meeting on this matter, as part of the Executive Board’s commitment to a thorough, objective, and timely review. In particular, the Executive Board had two extensive

The Yapei-Kusawgu MP, John Abdulai Jinapor says the Akufo-Addo-led administration’s revenue target is simply unattainable. The former Deputy Energy Minister based his comments on the inability of government to meet any of its revenue targets in the past four years. According to him, government’s projection of adding about ¢20 billion more to Ghana’s current tax

Banks in the country going forward are expected to pay 5 per cent of gross profits to government. The new directive contained in the 2021 Budget Statement and presented to Parliament on March 12, by Minister for Parliamentary Affairs, Osei Kyei Mensa-Bonsu, is to help defray outstanding commitments – locked up funds – in the

Debt repayment relief saves Kenya $912 million Kenya saved Sh99.73 billion in deferred repayments for its external debt for the year ended June following a deal with several rich nations, lifting pressure on its thin domestic revenue collection. Fresh Treasury data shows expenditure on servicing external loans amounted to Sh234.59 billion, a drop of 29.83 percent compared to Sh334.32

The International Monetary Fund (IMF), will be be making available to Ghana, an additional $1 billion Rapid Credit Facility (RCF) funds to continue its fight against the Covid-19 pandemic when a formal request made by its Managing Director, Kristalina Georgieva, is granted by the institution’s Board of Governors. Ms Kristalina Georgieva, last week appealed to

The Bank of Ghana’s (BoG) Special Drawing Rights (SDR) holdings with the International Monetary Fund (IMF) decreased by $16.6 million in 2020. IMF SDR holdings of the BoG at end-November 2020 stood at Ghs 242.39 million ($42.2 million), but then declined to Ghs 148 million ($25.6 million) at end-December 2020.  BoG’s Ghs 148 million ($25.6