Governor of the Bank of Ghana, Dr. Ernest Addison, explained that the central bank’s latest inflation forecast indicated a steady decline, with a return to the disinflation path over an extended time horizon to achieve the medium-term target of 8 ± 2 percent.
The government’s significant role in economic activity has led to substantial procurement spending, which has resulted in high debt levels. The concept of Public-Private Partnerships (PPPs) has gained popularity as a solution to this challenge. PPPs enable the private sector to participate in government projects, providing financing and technical expertise.
This reduction represents a 3.3 percent decrease within a month and reflects efforts to stabilise the country’s fiscal outlook. The decline in the public debt stock has been attributed to adjustments in external and domestic debt levels during the period under review.
President Trump said on Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
This led to an oversubscription of 39.14 percent in the money market.
However, this forecast largely depends on the performance of the cedi.
The meeting, which was held on January 9, 2025, was regarding Ghana debt support programme.
Our research concludes with practical policy recommendations for ECOWAS, the withdrawing states, and the international community to mitigate negative impacts and promote future regional stability and cooperation.
According to action results by the Bank of Ghana, the government got a remarkable GH¢8.075 billion from the sale of the short-term instruments though it was looking for GH¢5.198 billion to refinance the maturing bills.
The abolition of Port Dues, which contribute GHS 4 billion to government revenue, is intended to boost Ghana’s competitiveness within the AfCFTA
