Joy Business Report @1

Ghana’s economy expanded by 3.9% in the second quarter of this year, according to provisional figures from the Ghana Statistical Service.

World Bank settles on Ghana as a modern country to access the impact of fresh grands to developing countries.

Attorney General blames GRA for failure of some lawyers to pay appropriate taxes as President Akufo Addo charges the bar to change narrative of lawyers invading taxes.

Government secured ¢1.24 billion from the sale of the 6-year bond issuance, which was oversubscribed by 24%.

High lending rates: IEA blames government, BoG, banks

The debate over high lending rates in the country will not end anytime soon, as the Institute of Economic Affairs is blaming the high cost of credit on government, banks and the Bank of Ghana. Though the institute believes the problem is multifaceted, it is attributing the high cost of loans to these three actors.

Higher cost of certain foodstuffs and housing pushed the rate of inflation for the month of August to 9.7%, data from the Ghana Statistical Service indicates.

However, it still remained in the single digit bracket despite the consistent upward trend in the prices of some foodstuffs and housing.

International ratings agency, Moody’s, affirmed Ghana’s B3 long-term issuer ratings and also kept its economic outlook at negative. It attributed that to the high debt burden, continued weak debt affordability, high gross borrowing requirements and ongoing liquidity challenges.

President Akufo Addo expresses disappointment over decision by italian oil and gas firm (ENI) to take on Springfield at the international tribunal in London.

Economics and Organised Crime Office warns public about involving third party in loan acquisition.

The Independent Power Producers and other consumer stakeholders in the power sector are fighting the Electricity Company of Ghana, the Ghana Grid Company, Northern Electricity Company and the Volta River Authority, over a possible increase in electricity tariff.