Prime News Ghana

Today's Ghana Business, Banking and Economic news

BoG says fiscal policy is an area to watch

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.

No room for further policy rate cuts in 2020- EIU

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.

European investors seek clarity on GIPC Act

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.

More global carmakers to assemble locally

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.

Toni Aubynn backs new lease scheme for local miners

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.