Barely two months into the Nana Addo Dankwa Akufo-Addo-led administration, a failing local currency means the authorities would have to dig deep into their policy armory to deal with a familiar old nemesis which tormented the previous administration. The cedi, which lost 9.6 percent of its value against the dollar last year, has come under … Read more
As the Monitory Policy Committee of the central bank meets today, expectations of a policy rate cut are high, as the IMF programme appears to have impelled a modicum of prudence in macroeconomic management, with inflation and the cedi sliding less than it was feared when the year begun. The MPC will either maintain the … Read more
The New Patriotic Party (NPP) has charged President John Mahama to end what it described as “crocodile tears” and reduce electricity tariff in the country immediately. The NPP believed this will help the government ensure better macroeconomic management and ease the economic hardship Ghanaians are going through. The Public Utilities Regulatory Commission (PURC) announced a … Read more