The Minister for Food and Agriculture, Dr Bryan Acheampong is projecting prices of foodstuffs will go down by more than 50% in the coming months.Dr Acheampong assured that the government is working hard to provide relief to only farmers affected by the recent dry spell.

News from the world of business.

News from the world of business.

Ghana has made remarkable progress on its public debt restructuring, the International Monetary Fund has stated in its Third Review of Ghana’s Economic Facility Programme.

Ghana has made remarkable progress on its public debt restructuring, the International Monetary Fund has stated in its Third Review of Ghana’s Economic Facility Programme.

Euro bond exchange program achieves 90% participation. A move which will see Ghana pass for a third IMF review.

The government plans to introduce interest-free loans for farmers to help them recover from the recent drought.

As the utility cost increases take effect today, businesses plan to pass these additional costs onto customers. Electricity tariffs have risen by 3.02%, and water tariffs have increased by 1.86%.

The Bank of Ghana has guaranteed sufficient dollar reserves to bolster the Ghana Cedi, anticipating increased demand for imports during the Christmas season.

As of July 2024, Ghana’s debt stock has reached GH₵761.2 billion, meaning each Ghanaian owes GH₵22,076. This is an increase from the same period last year when the debt stock was GH₵587.7 billion, representing 70.3% of GDP.