News from the world of business.

Seventy seven percent of Ghanaians are reporting a significant stress on their livelihood due to the rising costs of living, the impact on their daily life and consumer behaviour. This statistic underscores the severe strain that inflation is placing on households, eroding purchasing power and compelling difficult choices in spending.

More international airlines apply to offer scheduled and chartered services between Accra and London a move which could provide competition for British Airways.

The International Monetary Fund (IMF) has set June 28, 2024, for its Board Meeting to consider Ghana’s second programme review and possibly approve $360 million dollars for the country.

Players within the downstream petroleum sector bring up the impact of the depreciation of the cedi on their business saying it makes the pricing of their products difficult.

News from the world of business.

The Minority caucus in Parliament has expressed concern about rising food prices in the country, calling into question the effectiveness and impact of the government’s much-touted Planting for Food and Jobs (PFJ) initiative.

Government has made a significant milestone in its debt restructuring journey with bilateral creditors as it reached an agreement on a Memorandum of Understanding (MoU) with its Official Creditor Committee.

The stabilisation of the Ghana cedi against the major foreign currencies is expected to continue this week, following a slowdown in foreign exchange demand.t gained 1.01% against the US dollar, narrowing its year-to-date loss to 18.01%. Again, the cedi retrieved 2.36% week-on-week and 3.12% week-on-week of its losses against the pound and the euro, respectively.

Government to sign an agreement with bilateral creditors on debt restructuring next week. All bilateral creditors are in agreement with the final changes made to the memorandum of understanding which was submitted to the finance minister.