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.
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.
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.
The government’s automotive development policy to revitalise the domestic automotive industry is yielding positive results as more global carmakers have announced plans to set up assembly plants locally, the Managing Director of CFAO Motors Ghana has hinted.
A former CEO of the Ghana Chamber of Mines and the Minerals Commission, Dr. Toni Aubynn, has applauded an initiative by German engineering and steel company Thyssenkrupp Industrial Solutions to allow African miners to lease rather than purchase equipment to help them overcome cash flow problems.