Gov’t, Traders Agree on 60-day Ultimatum to Reduce Prices of Goods
Addressing Journalists after the meeting, Mrs. Ofosu-Adjare hinted that the negotiations have been fruitful and hopes that the outcome will be positive for the economy.
Economy
From Deep Slump to Soaring Heights: The GITFiC Examines the Ghanaian Cedi’s Phoenix Moment
In just eighteen months, Ghana’s cedi reversed an 18% slide – falling from GHS 16.53 to GHS 13.47 per USD – through bold policy actions, innovative programs, and national resilience.
PwC shuts operations in 9 Sub-Saharan African countries.
The development marks another turbulent episode for the accounting giant
Tariffs Are Sales Taxes Beneficial to the Targeted Party – The GITFiC
Tariffs are primarily sales taxes, mainly beneficial to the targeted country rather than the imposing country.
Cedi depreciation slows to 5.3% as of March 14 – Ato Forson.
Dr Ato Forson indicated that the Central Bank had maintained tight liquidity measures, ensuring the Cedi remained stable on the interbank forex market.
Treasury bill rates fall below 20% for the first time in 20 months.
The falling T-bill rates signal a shift in the government’s borrowing strategy
Can Ghana Survive Without External Financial Support?
Ghana’s economy is at a critical turning point. With rising debt, inflationary pressures, and ongoing dependence on external funding, a crucial question emerges:
Mahama – Ghana’s National Debt is GHS721 Billion, with ECG Owing GHS68 Billion and COCOBOD GHS32.5 Billion
President John Dramani Mahama has delivered a stark assessment of Ghana’s economic situation, describing the nation as “broken on many fronts” due to staggering debt and financial mismanagement
Elon Musk’s net worth dropped by $22B.
The Trump administration’s most prominent policies including federal budget cuts and tariffs haven’t yet generated the booming stock market the
Cedi continues concrete performance against dollar, one dollar equals GH¢15.75
The Ghana cedi continued its strong performance against the US dollar in the retail market yesterday February 17, 2025, after a week of mixed performance against the major foreign currencies.