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Coronavirus: Policy makers face uncertainties amid second wave

Amid the second wave of the coronavirus pandemic, policy makers currently face uncertainties on how the economy will respond, Director of Research and a member of the Monetary Policy Committee of the Bank of Ghana, Philip Abradu-Otoo, has said. Although the country’s economic growth has been projected by international ratings agency …

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Businesses scared by threat of renewed lock down

Business owners and corporate managers in Ghana are in a state of palpable unease in reaction to the warning delivered in a nationwide television address by President Akufo-Addo that Ghana may return to partial lockdown if the country’s Coronavirus situation continues to deteriorate. By the end of last week, the …

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New oilfield development in Ghana stalls

The Government of Ghana has set a new deadline of May 2022 for the unification of the Sankofa and the Afina oilfields, the former already being operated since 2017 by ENI and the latter discovered in 2019 by Springfield, but still awaiting a Plan of Development. However, government’s insistence on …

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GIRSAL guarantees GH¢66 million of credit to agribusinesses

The Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) has issued guarantee cover for loans of about GH¢66 million given by financial institutions to agribusinesses. This was made known by Ken Ofori -Atta, the President’s nominee for Minister of Finance, in a speech read on his behalf by the former …

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December 2020 PPI records 7%

The Producer Price Inflation (PPI) rate for December 2020 was 7 percent, the Ghana Statistical Service (GSS) has said on Wednesday, January 20, 2021. This rate, according to the GSS, indicates that between December 2019 and December 2020 (year-on-year), the PPI increased by 7.0 percent. This rate represents a 1.1 …

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Ghana’s petroleum sector recorded -4% PPI in December 2020

Ghana’s Petroleum sector recorded -4% producer inflation in December last year, the Ghana Statistical Service (GSS) has announced on Wednesday, January 20, 2021. The GSS explained that “The producer inflation rate in the petroleum sub-sector was 8.2 percent in December 2019. “The rate increased to record 20.6 percent in January …

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Traders demand quick completion of Krofrom market

Residents at Krofrom in the Kumasi Metropolitan Assembly (KMA) are living in fear as they complain of continuous invasion of thieves and criminals at the abandoned Krofrom market. Abandoned and dejected for over 14 years, the Krofrom market was supposed to serve as a peripheral facility to reduce congestion at …

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