Prime News Ghana

Today's Ghana Business, Banking and Economic news

No more picketing - Pensioners bondholders

Members of the Pensioners Bondholders Forum have welcomed their exemption from the Domestic Debt Exchange Programme as announced by the Minister for Finance Ken Ofori-Atta in Parliament.

World Bank boss David Malpass quits

The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to end.

Ghana inflation falls for first time since May 2021

Ghana's consumer inflation slowed slightly to 53.6% year-on-year in January from a more than two-decade high of 54.1% in the previous month, data showed on Wednesday, marking the first month that inflation has slowed since May 2021.

DDEP: Gov't secures 80% target

The Government’s Domestic Debt Exchange Program (DDEP) closed on Friday, February 10, 2023 with over 80% participation of eligible bonds, the Ministry of Finance has announced.

Push for local processing and consumption of cocoa intensifies

The 2023 National Chocolate Week Celebrations has been launched with a renewed purpose to empower artisanal cocoa processors to take advantage of the new incentives within the consumption campaign to become more competitive to meet market demands.

IMF agreed to central bank financing of gov’t – BoG

The International Monetary Fund (IMF) supported the Bank of Ghana’s financing of the government in 2022 as a crisis management tool to help keep government machinery running and the economy together, the central bank has said.

DDEP: Deadline for extended window elapses today

The extended window that government offered bondholders to complete tender processes as part of the controversial Domestic Debt Exchange Programme (DDEP) elapses today, February 10, 2023.