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Economy

Economy

2025 Budget: Government Allocates GH¢44.17bn for National Development Initiatives

The Government has earmarked approximately GH¢44.17 billion in the 2025 budget to support key national initiatives, with a focus on social protection, infrastructure, education, agriculture,

March 12, 2025
Business

Former Finance Minister Refutes Betting Tax Implementation Claims

Former Finance Minister Dr. Mohammed Amin Adam has refuted claims that the previous administration implemented the controversial Betting Tax, asserting that it was never enforced

March 11, 2025
Economy

Government Allocates GH¢1.78bn to School Feeding Programme, Boosting Grant Per Child

The government has boosted funding for the National School Feeding Programme (NSFP), earmarking GH¢1.78 billion in the 2025 Budget Statement and Economic Policy, a significant

March 11, 2025
Business

BUSINESS NEWS: BANK OF GHANA REVISES SINGLE-DIGIT INFLATION TARGET TO 2026 SECOND QUARTER

The Bank of Ghana (BoG) has revised its timeline for the attainment of single-digit inflation to the second quarter of 2026 due to macroeconomic headwinds.This

January 31, 2025
Economy

GHANA STATISTICAL SERVICE (GSS): INFLATION RISES TO 23.8% IN DECEMBER 2024—PROF ANNIM ANNOUNCES

Ghana’s consumer inflation has risen for the fourth consecutive month, reaching 23.8 percent year-on-year in December 2024, up from 23 percent in November, according to

January 9, 2025
Economy

ECONOMIC RECOVERY: GHANA’S ECONOMY GREW BY 7.2% FROM JULY TO SEPTEMBER THIS YEAR—GHANA STATISTICAL SERVICE

Ghana’s economy grew 7.2 percent year-on-year in the third quarter (July to September) of 2024, compared to 7.0 percent in the second quarter, the Ghana

December 12, 2024
Economy

GHANA—RECOVERING ECONOMY: GHANA RECORDS GHC3.9 BILLION TRADE SURPLUS IN THIRD QUARTER—GHANA STATISTICAL SERVICE

Ghana recorded a trade surplus of GH₵3.9 billion in quarter three of 2024, the Ghana Statistical Service (GSS) has revealed.According to the GSS, exports in

December 9, 2024
Business

Dollar soars as Donald Trump closes in on victory

The US dollar has surged as Donald Trump is on the cusp of winning back the White House in the presidential race. Bitcoin is also

November 6, 2024
Business

MIDDLE-INCOME STATUS – A TRAP?: WORLD BANK LAUNCHES ‘MIDDLE-INCOME TRAP’ REPORT IN ACCRA

The World Bank has urged Middle-Income countries to undergo its recommended transitions and adopt different growth strategies at different stages of development, to avoid falling

October 11, 2024
Business

Ghana Announces Successful Completion Of Debt Restructuring

The Government of the Republic of Ghana is pleased to announce that Ghana is back on the international financial markets after successfully completing the transaction

October 9, 2024
Economy

GHANA STATISTICAL SERVICE: GHANA’S INFLATION DECLINES FOR SIXTH STRAIGHT MONTH, REACHES 20.4% IN AUGUST

The inflation rate for August 2024 decreased to 20.4%, down from 20.9% in July, marking the sixth consecutive month of decline since March, when it

September 13, 2024
Economy

MONETARY POLICY RATE (MPR): BANK OF GHANA KEEPS POLICY RATE AT 29% FOR THE 3RD CONSECUTIVE TIME

The Bank of Ghana (BoG) has, for the third consecutive time, kept the country’s Monetary Policy Rate (MPR) at 29 percent, citing the risk of

July 29, 2024
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