Fred Avornyo
Ghana Reaches Agreement with International Bondholders, Reuters Reports
Ghana has reached an agreement in principle with its bondholders for restructuring $13 billion of international debt, three sources told Reuters. This development follows...
Rising Costs of Locally Produced Food Drive Ghana’s Food Inflation
Data published by the Ghana Statistical Service points to significant factors contributing to the recent hikes in food prices across the country. Food inflation...
Dollar Surge Resumes 8 Days Before IMF Board Meeting on Ghana
The cedi is once again depreciating, just eight days before the International Monetary Fund (IMF) Board is scheduled to review Ghana’s progress.On the interbank...
Pets and Products Inflation Soars Over 100% Higher Than National Average
The rising costs of pets, particularly dogs, and the products they require have significantly impacted inflation rates in May. These costs ranked third on...
Cocoa Sector Records a Negative Growth of 20.2%
Ghana's cocoa sector experienced a significant downturn, recording a negative growth of 20.2% in the first quarter of this year compared to the same...
800 Million Youth in Developing Countries Face Uncertain Employment Future Over the Next Decade
In the next ten years, nearly 800 million young people out of a projected 1.2 billion in developing countries will face joblessness or lack...
Ghana’s Economy Grew by 4.7% in First Quarter of 2024
Ghana's economy saw a notable growth of 4.7% in the first quarter of 2024 compared to the same period last year, according to the...
Labour Could Not Have Fought SSNIT Hotel Sale Without the NDC- Trade Unionist
Mr. Abraham Koomson, a prominent trade unionist has said Organised Labour could not have fought the planned sale of hotels belonging to the Social...
Government Misses Treasury Bills Target Narrowly, But Interest Rates Drop
The Government of Ghana narrowly missed its borrowing target in the latest treasury bill auction held on June 14. Aiming to raise GH¢4.9 billion,...
Vegetables Dominate Top 20 Items with Highest Inflation in May
Latest data released by the Ghana Statistical Service (GSS), shows that eight out of the 20 items with the highest inflation rates in May...
Prices of Goods and Services Increase by 23.1% in May 2024 Compared to Previous Year
In May 2024, the average prices of goods and services in Ghana increased by 23.1% Prices of Goods and Services Increase by 23.1% in...
Ghana Finalises Debt Treatment Agreement with Official Creditor Committee; Commercial Creditors Still Outstanding
The Government of Ghana has reached a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) regarding the debt treatment agreed upon in...
Government Considering $1.7 Billion Support from Afreximbank – Ministry of Finance
The Government of Ghana intends to hold discussions with the Africa Export-Import Bank (Afreximbank) to secure a $1.706 billion support package, according to a...
Saudi Arabia’s Petro-Dollar Exit to Rescue the Falling Cedi – Currency Analyst
The Ghanaian cedi could see gains against the US dollar if Saudi Arabia follows through on its decision not to renew its 50-year petro-dollar...
The Dollar Resumes Its Rise After Brief Decline
After a brief period of losing ground to the cedi, the dollar has resumed its upward trajectory, despite several stringent measures undertaken by the...
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Rising Costs of Locally Produced Food Drive Ghana’s Food Inflation
Data published by the Ghana Statistical Service points to significant factors contributing to the recent hikes in food prices across the country. Food inflation...