On 19 July, Ghana’s finance minister, Ken Ofori-Atta presented the New Patriotic Party’s (NPPs) mid-year fiscal policy and review of the 2018 budget to parliament. The presentation follows the earlier presentation of the 2018 budget…
1. Major shakeup in Ghana’s banking industry as Bank of Ghana revokes the licences of uniBank Ghana Limited, The Royal Bank Limited, Beige Bank Limited, Sovereign Bank Limited, and Construction Bank Limited and has appointed…
By Theo Acheampong For most countries where near-universal primary school (primary and junior secondary) enrollment is high, there is the challenge of ensuring these children also get a secondary education as well at the minimum….
Notes from Recent IMF Staff Visit to Ghana Large fiscal slippages observed last year will require strong efforts of fiscal consolidation – aka more austerity. Bank of Ghana’s (BoG) monetary policy has been instrumental in…
The Buhari government finally made a bold move today to abolish the moribund fixed (pegged) exchange rate regime it adopted last year for the Naira amidst plummeting oil prices in favour of a floating regime…
There is more bad news for the government of Ghana and the upstream oil and gas sector as oil production and revenues are set to plummet by 50%; thus putting extra pressure on an already…
The Daily Graphic reports Ghana’s Minister of Petroleum, Mr Emmanuel Kofi-Armah Buah, giving an assurance that the drastic drop in the prices of crude oil on the world market will not have adverse effects on…
Between Ghana officially deciding to deregulate petroleum products with effect from 16 June 2015 to date, oil prices have more than halved falling from $65 per barrel to $36 per barrel as can be seen…
Came across this read which provides a good background to understanding history of patronage in African politics published by Foreign Affairs Magazine. In the post-independence era of the 1960s, “[Foreign] diplomats looked for rapid ways…
The tables below provide a summary of the macroeconomic and financial data for Ghana and are provided by the Research Department of the Bank of Ghana and covers the period October 2010 to July 2015….