Joy Business News

News from the world of business.

Government announces reopening of domestic debt exchange programme for investors who didn't sign-up in February.

Fitch optimistic Ghana will reach agreement with Official Creditors by end of 2023.

Fitch Solutions is forecasting that the Ghana cedi would end 2023 at ¢11.40 against the US dollar.

Household spending to reach ¢107.8bn in 2023; but elevated inflation to weigh on consumers purchasing power – Fitch Solutions.

The Chief Executive Officer of the Ghana Association of Banks, John Awuah, says commercial banks have been compelled by the current economic environment to tighten their precautionary measures in lending to customers.

News from the world of business.

The government borrowed ¢11.90 billion via treasury bills in August 2023, a 3.21% increase over the previous month.

Government is considering moves for ADB to takeover the National Investment Bank (NIB).

Interest rates surged on the money market to 31.08% as the government borrowing spree on the domestic market continued.