Prime News Ghana

Today's Ghana Business, Banking and Economic news

UK Export Finance to increase investments in Ghana

UK Export Finance, UKEF the UK government’s export credit agency, has placed its market risk appetite for Ghana at £1.5bn, which should support more investment and trade between the two countries, the West Africa regional representative of UKEF, Steve Gray, has said.

Producer inflation for September rises to 9.6%

Producer inflation for September 2020 inched upwards slightly to 9.6 percent, following a drop to 9.0 percent recorded in the previous month, new data from the Ghana Statistical Service (GSS) has shown.

Home loans 60% cheaper under national mortgage scheme

Under the government’s National Mortgage Scheme, mortgage rates have been reduced by over 60 percent, affording low-income workers the opportunity to acquire their own homes, the Ministry of Finance has stated.

Customs duties in Africa to reduce next year

Customs duties on trading within Africa will be reduced from next year onwards when the African Continental Free Trade Area (AfCFTA) agreement comes into force on January 1, 2021.

Some MFIs, RCBs defaulting on credit reporting

Notwithstanding improvements to Ghana’s credit referencing system, the central bank has indicated that some financial institutions have refused to subscribe to credit bureau services, contrary to the Credit Reporting Act 2007 (Act 726).