Source: myjoyonline Ghana’s economy grew by 7.2 % in the third quarter of 2024, provisional figures released by the Ghana Statistical Service has revealed. Compared to the second quarter of 2024, the economy grew by 6.9%. The Services sector continues to be the largest of the Ghanaian economy with a share of 42.9% of Gross Domestic…
Source: Joy Business Inflation for November has gone up marginally to 23 per cent from the October figure of 22.1 per cent. The adjustment was influenced by rising prices of some food stuff on the market over the past month. The Ghana Statistical Service released the data at a news conference in Accra today, December 4,…
The Ghana cedi recovered slightly against the US dollar and the other major foreign currencies last week. This follows announcement that Ghana had secured a significant participation rate from its Euro bondholders to restructure $13bn of its international debt. Again, the International Monetary Fund reached a Staff Level Agreement with Ghana on the Extended Credit…
Inflation is expected to go up marginally to 21.6% in October 2024. This is after it surprisingly increased by 110 basis points (bps) to 21.5% in September. According to IC Research, the government end-year target of 13.0% – 17.0% faces elevated upside risk which could stay the policy rate at 27.0% at the November 2024…
Professional services firm, Deloitte, has reiterated that the persistent rise in inflation in Ghana and Nigeria will hinder economic growth. This is because businesses are experiencing increased costs, whilst consumers are cutting back on spending. Therefore, it believes monetary policy is expected to continue in Nigeria. At the same time, the Bank of Ghana is…
