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The Ghana cedi is expected to recoup some losses against the dollar in the coming months, Fitch Solutions has revealed. According to the London-based firm, this is due to improved investor sentiment, higher dollar inflows, and easing external conditions, it mentioned in an article dubbed “Sub-Saharan Africa currency round-up: greater stability ahead in second half of 2024” that external conditions would offer more support to Sub Sahara African currencies in the coming quarters.

Parliament agrees on 23 July to have the 2024 mid-year budget review by the finance minister.

The Bank of Ghana has reminded banks, Specialised Deposit-Taking Institutions and the public that persons who have been directly implicated in the 2017-2019 Financial Sector clean-up, and all previous directors of failed banks and Specialized Deposit-Taking institutions since the enactment of Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) do not qualify to hold key positions under the fit and proper person criteria.

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Government rejects claims that the L.I on cement pricing is anti-business and will affect the businesses of cement manufacturers

Ghana Purchasing Managers’ Index (PMI) dipped to 49.7 in June 2024 from 51.6 in May, according to S&P Global. The index signalled a marginal monthly deterioration in business conditions, ending a four-month sequence of improvement. According to the report, the strong inflation was a key issue for the private sector in June 2024 and was largely responsible for the renewed downturn at the end of the second quarter.

The Chief Executive for the Ghana Investments Promotion Centre (GIPC), Yofi Grant has defended the decision to amend the GIPC law to take out the capital requirements for foreign businesses. According to him, the move is geared towards ensuring a more competitive business environment for Foreign Direct Investment.