Ghana’s Petroleum sector recorded -4% producer inflation in December last year, the Ghana Statistical Service (GSS) has announced on Wednesday, January 20, 2021.
The leader of the NDC in Parliament, Haruna Iddrisu, has accused the government of breaching the Presidential (Transition) Act 2012 (Act 845) over the inability of Ministries, Departments and Agencies (MDAs) to submit handing-over notes to the legislature.
A group of Independent Power Producers (IPPs) has expressed interest in taking over the management of the Electricity Company of Ghana (ECG), nearly 15 months after the government terminated the Concession Agreement with Power Distribution Services (PDS) over allegations of fraud.
The President’s representative at the Finance Ministry, Ken Ofori-Atta, has disclosed that US$50m has been released towards the operationalisation of the national development bank.
Government will borrow a total of GH¢22.35bn from the domestic debt market in the first quarter of 2021, according to the public debt issuance calendar issued by the Finance Ministry on Friday.
As part of the medium-term plan for the trade of commodities in Ghana, the Ghana Commodity Exchange (GCX) is considering listing on its trading floor the light cocoa bean, which is mostly consumed by domestic processors.
Ghana’s strong value proposal as the gateway to the Sahel region must be complemented with a review of its port fees and charges and the elimination of non-tariff barriers to trade to woo more transit trade through the country’s ports, Ziad Hamoui, National President of Borderless Alliance, has advised.
Current levels of excess liquidity could push inflation further above the medium-term target of 8±2 percent in early 2021, Courage Kingsley Martey, senior economist at Databank, has said.
The Registrar-General’s Department (RGD) on Wednesday directed that clients make all transactional payments for any service rendered at the Department in a Bank’s Draft, effective Monday, January 18, 2021.
The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has warned that total aid to education is likely to decline by 12 percent by 2022 as a result of the economic consequences of COVID-19.
To increase investor appetite for Ghana’s planned 2021 Eurobond issuance, the government must signal a strong intention to revive growth and domestic revenue collection, both of which were battered by the COVID-19 shock, Courage Kingsley Martey, senior economist at Databank, has said.
Improved investor sentiment is reflecting in a bullish stance of the Ghana Stock Exchange (GSE), as investors keenly look to take advantage of the current undervaluation of equities, analysts have said.
