Large infrastructure investments undertaken by the previous government and an improved domestic business climate are propelling the growth of the Ghanaian economy from 0.1 per cent in 2016 to 3.1 per cent in 2017, according to the latest United Nations World Economic Situation and Prospects (WESP) 2017 Report.
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained its policy rate at 25.5 percent today, citing the declining trends observed in headline inflation, core inflation and postive inflation expectations.
GHANA’S economy, which grew by 6.7% of Gross Domestic Product (GDP) in the first quarter of the year, is facing debt sustainability challenges, as the Mahama-led government keeps on contracting more loans to undertake development projects in the country.
Barring any last minute hitches the Bank of Ghana (BoG) will finally offload its shares in the Agricultural Development Bank (ADB) by the end of this year.
