GHANA’S companies sold fewer products overseas for the period January to September,2014 but the trade deficit narrowed because of a big decline in gold and crude oil imports.
Tag: BoG
MP Battles BoG Over Exchange Rates Illegality
The Member of Parliament for Obuasi West and a Member of Parliament’s Finance Committee, Kwaku Kwarteng has warned about the implications of the irregular currency and exchange rate practices being perpetrated by the Bank of Ghana (BoG) would have dire consequences on the Ghanaian economy.
Banks’ Assets Surge But Businesses Can’t Access Credits
By Mashood A Kunateh in Accra, Ghana Total assets of banks operating in Ghana have risen significantly at the time that the Ghanaian government is lacing its boots to go for International Monetary Fund’s (IMF’s) bailout. From January to May 2014, the banking sector remains sound and continues to expand, evidenced by strong asset growth, […]
Businesses Less Optimic About Achieving Targets
The latest surveys conducted by the Bank of Ghana (BoG) have revealed that businesses in the country are less optimistic about achieving their targets for capital outlay, employment, sales, and revenue due to increases in utility and fuel price hikes. This generally softening business and consumer sentiments in the West African second largest economy. On […]