The Government must be prepared to take “tough measures” geared towards cutting down expenditure as it engages the International Monetary Fund (IMF) for support. The measures include reducing the size of government and reviewing some flagship programmes such as the...
https://citinewsroom.com/2022/08/john-kwakye-worried-over-sp-rating-says-downgrade-could-affect-investor-confidence/
Cost of borrowing is expected to go up further, as the Institute of Economic Affairs (IEA) is urging the Bank of Ghana to increase the Policy Rate (PR) by 1.0% or 1.50% to 20% or 20.5%. Its argument is that the upward adjustment will narrow the inflation-Policy Rate...
It stated that the government should have considered and announced as part of actions being taken to reduce expenditure. The think tank’s concerns stem from Ken Ofori-Atta, the Minister of Finance’s indication that, despite the country’s current fiscal difficulties,...
By Ebenezer Chike Adjei NJOKU With the economy buckling under the weight of internal and external pressures – rising inflation, a fast-depreciating local currency, foreign investor attrition – as well as heightened calls for a return to the International Monetary Fund...
The debate over high lending rates will not go away anytime soon, as the Institute of Economic Affairs is calling on the Bank of Ghana, government and commercial banks to play their roles effectively, to bring down the cost of borrowing. Whilst, it wants the Central...
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