Joy Business Report @1

Government Treasury Bills was oversubscribed by about 92% for the 4th week running, as a result of the high-interest rates prevailing in the country.

A leading research and public policy think tank, CUTS International, Accra is urging the Ministry of Communications and Digitalisation to extend the mobile SIM card registration deadline to the end of the year.

Rice millers in the country say they are being compelled to sell their paddy rice to millers in Burkina Faso and Nigeria due to a lack of storage facilities.

A former Finance Minister, Seth Terkper, has described as dangerous the continuous financing of government expenditure by the Bank of Ghana (BoG) without any restrictions.

The Ministry of Finance has denied allegations of encouraging the Bank of Ghana (BoG) to print an amount of GH¢22 billion without parliamentary approval.

Ranking Member on Parliament’s Finance Committee, Cassiel Ato Forson doubts government’s ability to achieve the revised economic growth estimate of 3.7%.

The Finance Committee of Parliament’s report has stated that the Bank of Ghana’s foreign reserves is being dwindled and has moved from $9 billion to about $3 billion.

Fitch Solutions has shockingly revised Ghana’s growth rate to 2.6% in 2022, from its earlier forecast of 4.8%.

Ghana lost approximately GH₵5 billion in cash through the payment of bribes to public officials in 2021, the Ghana Integrity of Public Services Survey (GIPSS) has disclosed.

Local rice producers and millers say demand for Ghana rice has gone up, following a ban on export of the commodity in South-East Asia.