The International Monetary Fund (IMF) has revised Ghana’s growth rate marginally by 0.1% to 4.7% in 2021, representing 0.2% lower than the World Bank’s growth forecast of 4.9% for the year. The Washington-based multilateral institution, which gave the latest prediction in its October 2021 World Economic Report, also projected that Ghana’s economy would expand by […]
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) on Monday ended its meeting with a decision to retain the policy rate at 13.5 percent for the third consecutive time, citing a fairly balanced risks to inflation and growth in the outlook as basis for its decision. The apex bank had slashed the […]
The Ghanaian economy recorded 3.9% year-on-year (YoY) growth in the second quarter of this year, up from 3.1% growth in the preceding quarter. According to data by the Ghana Statistical Service (GSS), the Q2,2021 performance, however, showed that when compared with the 5.7% (yoY) growth recorded in the corresponding quarter of last year (Q2,2020) the […]