Sat12162017

Last updateTue, 12 Dec 2017 12pm

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Ghana’s debt to GDP ratio crosses dangerous 70% thresh-hold

Ghana’s total debt stock has increased by GHc5 billion more, between May and June 2015.

According to figures from the Bank of Ghana, the country’s total debt stock now stands at GHc94.5 billion, representing 70.9% of Gross Domestic Product (GDP).

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Inflation drops to 17.3%

Inflation rate for August 2015 has dropped to 17.3%, from the 17.9% recorded in July 2015.  

The year-on-year non-food inflation rate for August 2015 was 23.4% compared to the 24.6% recorded in July 2015.

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BoG Requests Bids For 2-Year Note Issue

Dr Kofi Wampah – BoG Boss

The Bank of Ghana (BoG), on behalf of Government, has commenced proceedings inviting bids for the issue of a 2-year fixed rate note intended for the mobilization of GH¢300 million to refinance maturing domestic debt and liquidity management.

The actual auction process is slated for September 11, 2015 and the instruments shall be issued at par, information from the Bank of Ghana (BoG) on the issue indicated.

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Ghana up three places in latest Global Competitiveness Report

Ghana has gone by three places in the latest Global Competitive Report.  The rankings show that Ghana went up from 114 to 111 out of 144 countries assessed in the report.

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IMF verdict shows gov’t on track to stabilize economy - Terkper

Finance Minister Seth Terkper says the verdict by the IMF board on the country’s performance under the Fund programme is a clear indication that government is on track to stabilize the economy.

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