Ghana’s Debt To GDP Ratio Is 8th Highest In Sub-Saharan Africa
Ghana has the 8th highest Debt to GDP ratio in Sub-Saharan Africa. That’s according to data published by Statista as at December 2021. Although the exact figures of these countries’ public debts were not disclosed, the percentage of debt to GDP clearly indicates a worrying…
Construction Sector Faces Major Setback As BOG Warns of Shortage in Building Materials.
This is a pretty bad time to invest in a building or infrastructure project as the Ukraine conflict is causing critical building material shortages and price hikes that have had a negative knock-on effect on the global supply chain. The bank of Ghana is warning…
Gov’t Budget In Limbo? Momo Transactions Dip Further By 6.7 billion Cedis In January
The total value of Mobile Money transactions has dropped significantly by some 6.7 billion cedis to 76.2 billion cedis between December and January 2022. Paakwesiasare.biz can confirm after a careful analysis of the latest figures presented by the Bank of Ghana in its summary of…
Did Finance Ministry Lie About Ghana’s Debt To GDP To dispel Bloomberg’s Ominous Prediction?
It is official. Ghana’s total debt to GDP ratio is now 80.1% as at the end of 2021. That’s the latest figure put out by the Bank of Ghana in its summary of Economic and Financial Data for 2021, conspicuously leaving out the Financial Sector…
Pressure Mounts On Employers To Increase Wages As Inflation Drives Down Paychecks of Ghanaian workers
Ghanaian employers will have to spend more to keep their employees from looking elsewhere for better wages. To keep those workers, employers may have to raise wages along with inflation rates, offer better incentives, or operate differently. These are not particularly exciting times for any…
Ghana Ranks Amongst Most Expensive Countries To Buy Fuel In Africa
Did you know that Ghana is one of the most expensive countries in Africa to buy fuel? Well, that’s the latest finding by Paakwesiasare.biz after sampling a total of 43 countries in Africa. Ghana’s price of ($1.22) came 13th rubbing elbows, unfortunately with countries such…
Fuel Prices Inch Closer Toward 10 Cedis As Global Crises Worsen Ghana’s Already Volatile Economy
You could soon be buying a liter of petrol for 10 cedis at the nearest pump, a situation which is likely to further deepen the woes of an already volatile economy for Ghanaians. As food prices, building materials, and general household expenses soar, the only…
Monetary Policy Committee Set To Intervene Earlier As High Inflation Rate Causes Panic In Ghana’s Economy
The Monetary Policy Committee of the Bank of Ghana is set to meet a week earlier than originally advertised following recent developments in the economy. A statement released yesterday by the regulator said, “The 105th Monetary Policy Committee Meeting, originally planned to take place from…
Ghanaians Must Brace Themselves For Tougher Times Ahead As Inflation Reaches Highest In Six Years
Ghanaians are facing one of the toughest economic challenges in recent times with daily increases in the prices of items on the market. The latest inflation figures released by the Ghana Statistical Service put the inflation rate for February at 15.7 percent the highest since…
Airport MD Sacked Over McDan Aviation Tussle?
The Managing Director of the Ghana Airport Company, Yaw Kwakwa has been relieved of his post by President Akufo-Addo. In a letter signed by the Transport Minister, Kwaku Ofori Asiamah, and copied to the Board Chairman of the Ghana Airport Company, the President directed the…
