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3232Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’
https://www.digit.info/latest-ghana-benchmark-rate-hike-the-largest-on-record-president-promises-action-against-unacceptable-depreciation-of-the-cedi/
Tue, 23 Aug 2022 09:30:46 +0000https://www.digit.info/2022/08/23/latest-ghana-benchmark-rate-hike-the-largest-on-record-president-promises-action-against-unacceptable-depreciation-of-the-cedi/Read more]]>After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said President Nana Akufo-Addo must trim the size of […]
]]>Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board
https://www.digit.info/latest-ghana-inflation-rate-the-highest-in-19-years-economist-recommends-installation-of-currency-board/
Tue, 16 Aug 2022 10:00:59 +0000https://www.digit.info/2022/08/16/latest-ghana-inflation-rate-the-highest-in-19-years-economist-recommends-installation-of-currency-board/Read more]]>Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local currency is reported to have depreciated by as much as 30% […]
]]>Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation
https://www.digit.info/ghana-changes-mind-on-imf-bailout-days-after-residents-staged-protests-against-worsening-economic-situation/
Tue, 05 Jul 2022 09:00:46 +0000https://www.digit.info/2022/07/05/ghana-changes-mind-on-imf-bailout-days-after-residents-staged-protests-against-worsening-economic-situation/Read more]]>The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took to the streets to protest the spiraling inflation and growing economic hardships. Ghana’s Growing Balance of Payments Deficit After initially refusing to seek […]
After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said President Nana Akufo-Addo must trim the size of […]
Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local currency is reported to have depreciated by as much as 30% […]
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took to the streets to protest the spiraling inflation and growing economic hardships. Ghana’s Growing Balance of Payments Deficit After initially refusing to seek […]