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Rating agency, Fitch, has warned that the large losses imposed on bondholders under the Domestic Debt Exchange Programme (DDEP) has significantly weakened the banking sector’s capitalisation. According to the UK-based firm, the…

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has introduced an innovative initiative called Growth Investment Partners Ghana (GIP) in a bid to unlock the economic potential of…

The Bank of Ghana (BoG) has attributed its recent loss of GH¢60 billion to the government’s Domestic Debt Exchange Programme (DDEP) and the depreciation of the Ghana cedi against major trading currencies. The central bank’s loss is in…

Government’s efforts to return the economy to normalcy remain centred on increasing domestic production capacity, Finance Minister Ken Ofori-Atta has said. The minister’s remark came on the back of his assurances of the government…

Total market turnover on the secondary bond market receded by 48.93% week-on-week to ¢172.04 million. On the secondary market, the new bonds experienced robust trading activity. However, overall market turnover recorded a decline to…

The government’s 30 percent inflation target by the end of the year is positive but still high, an economist Dr Theo Aheampong has said. Dr Acheampong indicated that 30 percent is still enough to eat into the savings and livelihoods of…

Statistics indicate that Ghana’s economic activity space is made up of over 70 per cent Small and Medium Enterprises (SMEs). A large part of that are not formalised into the mainstream economy even though they contribute significantly to…

Total petroleum receipts for 2023 have been revised downward from US$ 1,484.47 million to US$ 1,008.65 million, representing a 32 percent decrease owing to falling crude oil prices on the international market. The adjusted average…

An economist at the University of Ghana, Dr. Adu Sarkodie has defended the management of the Bank of Ghana over the GH¢60.81 billion loss the apex bank incurred in the 2022 fiscal year. Speaking in an interview, Dr. Sarkodie indicated…

The Bank of Ghana says it has put in place structures to ensure that it remains policy solvent and well-able to deliver on its primary mandate. This is coming after it reported ¢60.8 billion loss and a negative equity position of ¢ 55.1…