Ghana’s gross International Reserves at the end of February 2021 was US$8,719.7 million, providing cover for 4.2 months of imports of goods and services.
Banks have signalled their readiness to extend credit to the private sector following months of sluggish credit demand and supply conditions due to the pandemic, the latest credit conditions survey by the Bank of Ghana has shown.
Latest data from the Bank of Ghana (BoG) reveal that the Ghanaian economy is on a strong rebound, brushing off concerns that the second wave of the Covid-19 pandemic could hamper its recovery.
The Speaker of Parliament, Alban Bagbin is proposing the formation of a seven-member committee to probe the issues in a petition brought before the house by two majority shareholders in banks that were affected by the financial sector clean-up.
The Monetary Policy Committee (MPC) of the Bank of Ghana, has once again, been confronted with a difficult decision regarding the determination of the policy rate for the next few months, as economic conditions are not favourable for the regulator.
The Ghana Alternative Market (GAX), the special equity market for small and medium enterprises (SMEs), will this week list its sixth company, Pesewa ONE Plc, “POP”.
Ghana’s equities market is set to gain a major positive momentum from government’s policy to permanently exempt taxes on capital gains on listed securities.
The World Bank has projected that Ghana’s fiscal path will result in continued debt accumulation, with public debt reaching 81.1 percent of GDP in 2023 before starting to decline.
Gold Fields- Tarkwa Mine, on Wednesday, presented a cheque of GHc120,669,348.68 (120.6 million) to the Government, being 10 per cent of its shareholding in the gold mining company, covering the 2020 financial year.
