Friday , March 29 2024 1:02 am

Business

Headline inflation has peaked – IMF Deputy Boss

Gita Gopinath, the International Monetary Fund’s Deputy Boss had said that headline inflation has probably peaked but some of “the more sticky components” such as the services sector are still trending up in some countries. She added that 2023 will be a “tough year.” “The new IMF forecasts for the …

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Take steps to address pressure on cedi – AGI  to government

The Association of Ghana Industries (AGI) has made a passionate appeal to government to take steps to address the recent depreciation of the cedi to the dollar, warning if the trend continues, it could erode the gains made during the month of December 2022. The association comment is coming at …

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Gold-for-oil: Ghana To Save Over $3bn Spend On Import

The Gold For Oil Policy will give Ghana the space to accumulate more international reserves as the country will save the $3 billion it spends on oil imports, Vice President Dr Mahamudu Bawumai has said. He explained that the use of gold was specifically for oil imports in the face …

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Global Downturn; The Wakeup Call Africa Needs To Move AFCFTA Forward – McDan

Executive Chairman of McDan Group of Companies, Dr. Daniel Mckorley said the global downturn, and the ripple effect on some Africa’s economies, may be the wakeup call that Africa needs to move AFCFTA forward. According to him, there are great opportunities in sub-Saharan Africa trade, in the Africa Continental Free …

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G20 Common Framework: Ghana may seek to add China in request for debt relief

Ghana may seek to add non-Paris club member China in its request for debt relief under the G20 Common Framework. China is Ghana’s biggest bilateral creditor with $1.7 billion of debt, according to data from the International Institute of Finance. This is compared with $1.9 billion to Paris club members. …

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Government to borrow ¢2.42bn in T-bills this week

Government will borrow ¢2.42 billion in Treasury bills to refinance the upcoming maturities of ¢2.22 billion in this week’s T-bill auction. This is coming after the government obtained ¢1.72 billion from the short-term securities, from a target of ¢1.125 billion last week. The amount achieved exceeded the auction target by …

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Domestic Exchange Programme: Government Extends Deadline To January 31

The ruling government has extended the deadline for its Domestic Debt Exchange Programme (DDEP) to January 31. According to a tweet by the Finance Ministry “pending further stakeholder engagement with institutional and individual investors, recently invited to join the debt exchange programme, government is extending the expiration of the DDE …

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Oil For Gold Lands

THE FIRST consignment of government’s ‘Oil For Gold’ deal arrived yesterday at the Tema Port from Dubai,Daily Guide has learnt. The Bulk Oil Storage and Transportation (BOST) Company is the lead broker of the project, supported by GOIL and other oil marketing companies. The preliminary consignment, which consists of 40,000 …

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GRA Poised for Increased Success This Year After Beating Its Revenue Target for 2022

The Ghana Revenue Authority (GRA) is poised for increased success this year after beating its revenue target for 2022. The authority collected GH¢3.6 billion more in revenue in 2022 than it was tasked to collected, making it the second year in a row that the tax collection and administration body …

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IMF’s Georgieva Confirms Ghana Seeking Debt Treatment Under G20 Common Framework

International Monetary Fund Managing Director Kristalina Georgieva on Sunday confirmed that Ghana has sought debt treatment under the Common Framework platform supported by the Group of 20 major economies. Reuters reported that Ghana requested on Tuesday to restructure its bilateral debt under the Common Framework platform supported by the G20, …

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