GhanaEconomy

President-Elect of Ghana Pledges Gradual Reforms Under IMF Guidelines

8 days ago

In a significant declaration that aims to reassure citizens and stakeholders alike, Ghana's newly elected president has outlined a commitment to implementing gradual reforms as part of an agreement with the International Monetary Fund (IMF). The agreement, which is pivotal to the nation’s economic recovery plans, seeks to stabilize the economy while avoiding drastic austerity measures that could lead to further public discontent.

Ghana's Economic Growth Reaches New Heights: Fastest Growth Since 2019

12 days ago

Ghana's economy has experienced a remarkable surge, achieving its fastest growth rate since 2019, according to recent data from the Ghana Statistical Service. The economy expanded by 7.0% in the third quarter of 2023, a significant increase compared to the 4.0% growth recorded during the same period last year. This upward trend reflects the recovery from the severe economic disruptions provoked by the global pandemic and subsequent challenges.

Bank of Ghana Holds Interest Rates Steady Amid Rising Inflation Concerns

24 days ago

The Bank of Ghana has decided to keep its benchmark interest rates unchanged as it grapples with surging inflation that has prompted concerns across the economy. In its latest policy announcement, the central bank underscored the delicate balance it must maintain in managing both economic stability and controlling inflationary pressures.

Ghana's Presidential frontrunner Proposes Major Changes to $3 Billion IMF Deal

2 months ago

In a bold move that could significantly reshape Ghana's economic landscape, the leading candidate for the presidency, Dr. Mahamudu Bawumia, has expressed intentions to renegotiate the country's $3 billion loan agreement with the International Monetary Fund (IMF). With the general elections approaching in December, Bawumia's proposal aims to address key issues faced by the nation amid economic challenges.