The Association of Ghana Industries (AGI) has expressed worry about the upward review of the Bank of Ghana’s policy rate from 12.5 percent to 13.5 percent. This is expected to translate into increased base lending rates though some banks say they will not increase the rate at which they lend to the public. The largest ...
Ghana’s total public debt stood at GHs23.61 billion, equivalent to 44.2 per cent of Gross Domestic Product (GDP) at the end 2011 as against the 2010 figure of GHs17.6 billion, which represented 38.1 per cent of GDP. The stock of domestic debt increased by 43 per cent year-on-year to GHs11.84 billion in 2011 from GHs8.3 ...
Government has appealed to organized labour to exercise restraint as the latter threatens to hit the streets next week. The Ghana Trades Union Congress which is leading the demonstration is unhappy about government?s handling of their demand for the restoration of fuel subsidies following the recent increase in prices of petroleum products. It will be ...
The World Bank has approved a 100 million dollar facility for the country as the 8th Poverty Reduction Support Grant (PRSG8). This is to support the implementation of the Ghana Shared Growth and Development Agenda (GSGDS 2010-2013),which succeeded the second Growth and Poverty Reduction Strategy (GPRS). The facility among others is to be used to ...