The Economics Research wing of Goldman Sachs, a global financial institution, is forecasting Ghana’s economy will perform better than government’s 0.9 percent GDP growth projection for this year.
Despite Ghana’s economy shrinking by 3.2 percent in the second quarter of the year, the central bank says the economy is on a recovery path as its measure of economic activity shows positive signs.
Governor of the Bank of Ghana Dr. Ernest Addison says the bank’s desire to reduce its key lending rate is hampered by the uncertainty surrounding government’s fiscal policy, especially as the effects of the COVID-19 pandemic still linger.
The Board Chairman of Ghana Cocoa Board, Cocobod, Hackman Owusu-Agyemang, has urged the cocoa regulator to work hard to raise funds from the domestic capital market to finance its programmes and activities in the ensuing years.
Ghana’s cocoa regulator – Cocobod has signed the 1.3 billion dollar annual syndication loan for the purchase of 900,000 metric tonnes of cocoa for the 2020-2021 cocoa crop season.
Molson Coors Beverage Co said on Tuesday that it partnered with Coca-Cola Co to make and sell an alcoholic version of the beverage company's Topo Chico sparkling water in the United States.
Governor of the Bank of Ghana, Dr. Ernest Addison has expressed confidence in the ability of the local currency to continue with its impressive streak of relative stability in the short to medium term.
The Economist Intelligence Unit, EIU says there is no room left for a policy rate cut in the remainder of the year, as the central bank announces its penultimate monetary policy interest rate decision for 2020 today.
Appolonia City, a real estate developer, says talks are far advanced with the government towards obtaining legal designation of its 200-acre industrial park as a special economic zone.
Spanish investors and the wider European business community have affirmed their readiness to contribute significantly to the country’s industrialisation and development cause, but they want the local investments promotor, Ghana Investment Promotion Centre, GIPC, to come clear on its investment-courting law that is set to be reviewed.
