Joy business is reliably informed that the co-founder of Databank Financial Services, Ken Ofori-Atta is expected to be named as Finance Minister in the incoming government. Sources say one of the major reasons why President-elect, Nana Addo Dankwa Akufo-Addo has settled on the financial guru is due to his plan to make the private sector the focus … Read more
As the Nana Akufo-Addo administration prepares to govern the nation, one major challenge it will face is the management of Ghana’s growing debt stock. By September this year, Ghana’s total debt stock had hit GH¢112.4 billion, while the budget deficit which is currently at 5 percent of GDP is predicted to grow by 1.5 percent … Read more
Despite government’s efforts at achieving a budget deficit of 5.0 percent as at September, there are worries that the figure may go over the target by close of the year. Government targeted 5.3 percent under its program with the International Monetary Fund . Some observers are of the view that the figure may shoot up … Read more
Governor of the Bank of Ghana (BoG), Dr Abdul-Nashiru Issahaku has acknowledged the slow growth of the Ghanaian economy, attributing it to external factors and tight credit conditions. According to him “growth has remained subdued for the most part of 2016 largely due to tight credit conditions and the downturn in commodity prices.” The Governor … Read more
Government has gotten more than the amount it was looking for in its historic 10-year bond with sources saying it had some GHC726 million worth of bid was realized from investors. The state, however, accepted GHC438 million which is more than the initial 200 million it was looking for. This is the first time, the … Read more
Economist, Professor Godfred Bokpin is certain the world market would come out of its shock in the coming days. UK stocks fell following stocks in Asian and European markets after Donald Trump won the US election. The FUTSE 100 index was down about 0.5% to 6812 in the first hour, although that was less steep … Read more
Fire fighters are battling a fire outbreak at the Cedi House in Accra Thursday. Eye witness Godfred Bokpin told Joy News, somke can be seen coming out of the building as the fire broke out on the first floor of the government building. Occupants of the building have moved out as the fire service personnel … Read more
Comments by government communicators about the economy of the country demonstrate that they have lost touch with the actual economic situation in the country, Professor Godfred Bokpin, Head of Finance at the University of Ghana Business School, has said. According to him, the campaign promises of the governing National Democratic Congress (NDC) ahead of the … Read more