Inflation for the month of December 2019, declined to 7.9 percent beating the end-year target the Finance Minister announced in the mid-year budget. Mr. Ofori-Atta had set the government’s sights on achieving an end-year inflation rate of 8 percent. But inflation slowed from 8.2 percent in November 2019, to close the year within the government’s …
The economy grew by 5.6 per cent year-on-year in the third quarter of 2019, slower than the 7.4 per cent growth recorded in the third quarter of 2018, provisional figures from the Ghana Statistical Service (GSS) have indicated. The value of the economy, including oil, as measured by the Gross Domestic Product (GDP) at constant …
The International Monetary Fund (IMF) has said Ghana’s economy will grow at a slower rate than it had earlier predicted. The Washington-based lender in its latest World Economic Outlook predicted that Ghana’s economy will grow at a rate of 7.5 percent revising an earlier prediction of 8.8 percent it made in April. Ghana which exports …
Inflation rate for August 2019 hits 7.8 percent as the first result since the rebasing of the economy. The new rate is a reflection of people’s purchasing habit after the goods in the measuring basket were increased from 267 to 307 as part of the rebasing. The drivers for the August inflation were Alcoholic beverages, …
The country’s economy has recorded a slow growth for the third consecutive time since quarter three of 2018 – largely owing to declines in the services and industry sectors, the Ghana Statistical Services (GSS) quarterly GDP report has revealed. The data show that the economy grew by 5.7 percent in the second quarter of 2019 …
At least 48 Ghanaian journalists have been trained in cutting edge financial and data journalism, thanks to the Bloomberg Media Initiative Africa (BMIA). The philanthropic arm of Bloomberg extended the training to Ghana after huge successes of similar programmes in South Africa, Kenya and Nigeria. Reporting on figures, the economy and converting raw data into …
The Bank of Ghana (BoG) has urged telecom operators to consider the cost involved in the transaction of business on the mobile money platform. It’s been years since the rollout of the mobile money service and even though revenue margins have doubled, some concerns have been raised over the cost build up in the transfer …
Economic Researchers at Standard Bank, parent company of Stanbic Bank Ghana are predicting a steady growth in Ghana’s GDP going into 2020. According to the May 2019 edition of the African Monthly Report (AMR) published by Standard Bank Group, Ghana’s acceleration in GDP growth from to 7.5 to 7.6% year-on-year and 7.8% year-on-year in 2019 …
After five months of nurturing their new ideas, participants in the 2019 AgriTech Challenge will pitch their business plans to a panel of expert judges for the first time Thursday. The young entrepreneurs have been coached through a series of business development courses and have taken part in in-depth market research tours in order to …
IFC, a member of the World Bank Group, is partnering with the Ghana Stock Exchange and over 70 other stock exchanges around the world to “Ring the Bell for Gender Equality”—an initiative linked with International Women’s Day that promotes increased women’s participation in the global economy to catalyze sustainable and inclusive private sector growth. Accelerating …