Joy Business Report @1

Bringing you updates from the world of business

As expected, the Monetary Policy Committee (MPC) of the Bank of Ghana has kept its key lending rate to banks at 29%. This means that the cost of borrowing will not change much in the next two and half months, as it averages 32.7% as of February 2024

The Chief Executive of the Ghana Telecommunications Chamber, Ken Ashigbe, has revealed that Mobile Network Operators (MNOs) have fully restored data services to their subscribers.

The Office of the Registrar of Companies will on Monday, March 25, initiate visits to various offices, businesses, and company premises to scrutinize their records and registration documents. Additionally, the Office will guide businesses in adhering to the regulations governing their operations.

Ghana’s economy recorded a 2.9% Gross Domestic Product (GDP) growth in 2023, stronger than the revised 1.5% by the Finance Ministry. The growth rate is slower than the 3.1% recorded in 2022.

The Ghana cedi has lost 8.63%in value to the dollar since the beginning of 2024 as pressure continues to mount on the local currency. Bloomberg is predicting more tough times for the cedi as the debt restructuring with Eurobond holders drags.

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business