Joy Business Report @1

Bringing you updates from the world of business

Government has denied that it is solely using funds raised from treasury bills to finance coupon payments of new bonds.

The Independent Power Generators Ghana has confirmed receipt of payment from the Electricity Company of Ghana as part of the commitment made on June 30, 2023.

A professor of Economics at the University of Ghana, Godfred Bokpin, has called for an independent body to examine and investigate the GH₵‎60 billion loss Bank of Ghana (BoG) recorded in 2022.

The Government of Ghana is expected to settle ¢2.4 billion of the first coupon payment on bonds occasioned by the Domestic Debt Exchange Programme (DDEP).

Bank of Ghana explains that the central bank consulted the IMF in 2022 before funding government expenditure to avert a total collapse of the economy.

Bringing you updates from the world of business

Ghana’s fiscal deficit to Gross Domestic Product (GDP) of 9.0% was the highest in West Africa in 2022, the African Development Bank West African Economic Outlook 2023 Report has revealed.

Petrol now selling at ¢13.50, diesel ¢13.90

Three hotel managers in GRA’s grip over failure to issue VAT invoices.