At the beginning of April this year, the Government of Ghana seemingly took a giant stride in its ongoing efforts to deepen the country’s capital market and substantially expand its constricted fiscal space with the introduction of 15 year cedi-denominated treasury bonds. Prior to the issuance, the longest tenured bonds issued on the domestic market … Read more
All things being equal, inflation will decline further to 11.2 per cent by the end of 2017, the Institute of Statistical, Social and Economic Research (ISSER) has revealed, in tandem with government’s end-year inflation target. This is welcome news for Ghana’s private sector as the drop is set to trigger some easing in base lending … Read more
The government should not attempt to introduce legislation to cap interest rates because the consequences could be dire, Frank Adu, Managing Director of CAL Bank, has said, agreeing with other industry players that the market should be allowed a free hand. “You cannot manually determine interest rates. If you control interest rates by an Act … Read more
The President of Ghana John Dramani Mahama has hinted of moves to consider capping interest rates in the country. According to the President the high cost of doing business complained about by businesses is as a result of high interest rates being charged by commercial banks and other financial institutions in the country. The President … Read more
New Patriotic Party (NPP) Vice-Presidential candidate Dr Mahamudu Bawumia has once again demanded that government responds to his 170 economic claims contained in a lecture where he denounced the Mahama administration as incompetent. His reminder comes after President John Mahama also repeated his challenge to debate the main opposition leader Akufo-Addo whom he has accused of peddling lies about the … Read more
The Office of Dr. Mahamudu Bawumia has noted the discussions on his Public Lecture on the theme – “The State of the Ghanaian Economy – a foundation of Concrete or Straw” – and continues to thank the General Public for their support before, during and after the event. Though the government has till date not … Read more