The Bank of Ghana’s Monetary Policy Committee has opted to maintain the benchmark interest rate at 29 percent, a strategic move aimed at tackling inflation uncertainties spurred by currency pressures, utility tariff adjustments, and rising fuel prices. The move has been described by economic analysts as a cautious stance in managing the country’s economy in […] The post Benchmark

By Joshua Worlasi AMLANU [email protected] Amid tight liquidity on the local market and higher issuance targets, driven by central bank implementation of the new cash reserve ratio (CRR), investor demand at government’s weekly auctions has weakened. Investor demand at the weekly auctions declined from an average weekly bid of GH¢5.1billion in Q1 2024 to GH¢3.7billion […] The post

… underlines investment in domestic LPG infrastructure Quantum, Sage and Arch Holdings Limited, has moved to clarify its ownership structure, vehemently denying recent media reports mischaracterising it as a foreign entity. The company insists it is a homegrown business with a deep-rooted commitment to the nation and active participation in the government’s Cylinder Recirculation Model […] The post

By Joshua Worlasi AMLANU [email protected] The year-on-year inflation rate dropped to 20.9 percent in July 2024, down from 22.8 percent in June according to latest data released by the Ghana Statistical Service (GSS). This marks a continued easing of inflationary pressures, though prices remain significantly elevated compared to the previous year. Food inflation, which has […] The post

…as drought, army worms ravage farms By Wisdom JONNY-NUEKPE Hectares of maize and other cereal cultivations in the Northern sector of the country are currently being destroyed by drought, leaving farmers scrambling for solutions to save their livelihoods. B&FT sources indicate that arid conditions in the Northern belt are currently worse in the maize fields […] The post Northern,

By Ebenezer Chike Adjei NJOKU The comparatively poor insurance penetration rate in Ghana and across the continent presents a unique opportunity to grow the entire sector. Innovative products that embed social benefits are crucial to achieving this, rather than just capturing market share. Dr. Adrian Enthoven, Chairman of Yellowwoods, has said. The broad national insurance […] The post

By Juliet ETEFE Chief Executive Officer (CEO)-Association of Ghana Industries (AGI) Seth Twum-Akwaboah has expressed concern over underutilisation of local production capacities – urging stronger enforcement of trade policies to create a level playing field for domestic manufacturers. Speaking in an interview, Mr. Twum-Akwaboah highlighted that despite having the capacity to produce various goods such […] The post

In a landmark collaboration set to reshape policy-related discourse and business analysis in Ghana, the Business & Financial Times (B&FT) and Nvame Limited have signed a Memorandum of Understanding (MoU). In this agreement, these leading entities aim to jointly create, publish, and disseminate special publications on certain crucial national matters and strategic projects. This partnership […] The post