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BoG reduces policy rate to 29%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced the Monetary Policy Rate by 100 basis point to 29 per cent. This was announced in a press release at the end of the MPC meeting. The next MPC meeting is scheduled for 20 - 22 March, 2024. The meeting will conclude on Monday, 25 March 2024, with the.

Parliament passes 3 new tax bills towards securing $3-billion IMF Facility

Parliament has passed three revenue mobilisation bills that are critical for Ghana’s bid to secure a Board-level agreement from the International Monetary Fund regarding a $3-billion extended credit facility to bailout the ailing economy. They are the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the…

Ghana s trade surplus in first 2 months of 2023 hits US$752 8m

Ghana’s total import bill declined by 11.8 per cent year-on-year to US$2.0 billion, driven by compression in non-oil imports, Bank of Ghana Governor Ernest Addison has reported. Non-oil imports dipped by 17.6 per cent to US$1.4 billion while oil and gas imports increased marginally by 4.8 per cent to US$622.9…

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