Ongoing IPAC Meeting at Alisa Hotel .

The total value of mobile money transactions hit GH¢1.775 trillion in eight months of 2024, data from the Bank of Ghana has revealed.This is compared with GH¢1.031 trillion the same time in 2023.This significant growth in mobile money transactions is astonishing and provides an opportunity for the country to deepen financial inclusion.

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has cut the rate at which it lends to commercial banks to 27 percent from 29 percent. The Chairman of the committee and Governor of the BoG, Dr. Ernest Addison noted that the action was influenced by favourable economic outlook.

Some managers of LPG Gas stations say they are running out of stock after a shortage hit parts of Accra

Government has been urged to prioritize non-traditional exports to boost revenue, following a report from the Ghana Statistical Service indicating a 26.9% decline in the export value of cocoa beans.

The country continued to export more than what it imports since last year, according to the Second Quarter Trade Statistics released by the Ghana Statistical Service. However, the report showed the value recorded from April 2024 to June 2024 declined marginally to GH¢5.4 billion. This also marks a substantial reversal in terms of what the country recorded in the first half of 2023.

Port activities are expected to come to a standstill as freight forwarders intend to protest against shipping lines, citing unfair treatment.

According to the Governor of the Bank of Ghana Ernest Addison,the Bank of Ghana is working on regulatory and guidance measures for the banking sector.

The Ministry of Finance has stated that the latest Gross Domestic Product (GDP) figures released by Ghana Statistical Service (GSS) show that the Ghanaian economy is fast recovering amid global challenges and debt restructuring. According to the ministry, the economy’s robust recovery is in response to the macroeconomic stability and growth interventions that government is pursuing under our IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG).

Ghana’s economy grew by 6.9 percent in the second quarter of 2024, provisional figures released by the Ghana Statistical Service (GSS) has revealed. Compared to the first quarter of 2024, the economy grew at 4.7 percent. The Services sector continues to be the largest contributor to the growth in the second quarter of 2024 with 44.2 percent. This is followed by the industry sector with a contribution of 32.2 percent and the Agriculture sector with 23.6 percent.