Finance Minister, Ken Ofori- Atta has announced a total of 15 pesewas reduction in fuel prices at the pumps. These are part of measures to minimize the impact of rising oil prices on the international market. The average ex-pump price of diesel and petrol has…

It is not all doom and gloom after all as Ghana came third in the rankings of happiest countries in Africa. The 2021 World Happiness Report is a landmark survey of the state of global happiness that ranks countries by how happy their citizens perceive…

Ghana’s Banking Industry has started the year with something positive to cheer about in the face of trying economic times. The sector recorded an 18.18% growth in profit in the first two months of 2022 to ¢1.3 billion. The Central Bank in its summary of…

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…

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…

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…

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…

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…

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…

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…