Bank of Africa and Absa bank offered the lowest interest rates for household seeking credit from commercial banks by the end of September 2024.

Global ratings agencies, Fitch and Moody’s have sparked confidence in Ghana’s Long-Term Local-Currency (LTLC), raising the country’s credit ratings from the previous ones. While Fitch upgraded the country’s Long-Term Local-Currency Issuer Default Rating (IDR) from ‘CCC’ to ‘CCC+’, Moody’s raised the ratings from the previous levels of ‘Caa3’ and ‘Ca to ‘Caa2.’

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The National Petroleum Authority (NPA) has stated that there is enough Liquefied Petroleum Gas (LPG) in the country. According to the authority, it does not anticipate any shortage, hence no need for fear and panic.

Bringing you updates from the world of business

Bringing you updates from the world of business

President Akufo-Addo has described Ghana’s recent deal with Eurobond debt holders as a sign of investor confidence in the economy.

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.

Some Oil marking companies have started increasing the prices of their products. Star Oil and Total Energies take the lead.

The year-on-year inflation for September 2024 has increased to 21.5 per cent from 20.4 recorded in August 2024.The Ghana Statistical Service has attributed the increase to a rise in food inflation.