News from the world of business.

News from the world of business.

The government recorded 121.4% oversubscription of Treasury bills to the tune of GH¢5.606 billion.

The Vice Chairman of the Trade Union Congress, Ken Koduah, has urged the government to prove its financial capability to the International Monetary Fund (IMF) through other means beyond the imposition of VAT on electricity consumption.

The International Monetary Fund expects revenue to underperform the Ghana Government target by 0.1% of Gross Domestic Product in 2024, while expenditure overshoots the target by a similar margin.

News from the world of business.

Rating agency, Fitch, is predicting a favorable outlook for banks operating in Ghana in 2024. This follows the successful conclusion of the domestic debt exchange which most banks were negatively impacted.

News from the world of business.

72% of firms perceive Ghana’s business environment as lagging behind peers – UKGCC 2023 Business & Competitiveness Survey

The Economist Intelligence Unit is advising the Government of Ghana to go into negotiations with private creditors or Eurobond holders with tact since the creditors will demand different and complex restructuring terms compared to bilateral creditors.