This is a business programme that gives updates of happenings on the financial and capital markets in Ghana. It also provides information on investments and analysis from experts on influencers on issues that shape business decisions in Ghana and elsewhere.

Provisional estimates from the Ghana Statistical Service show that the economy expanded by 2.0% in the third quarter of 2023. This is lower than the pre-pandemic (covid-19) average Gross Domestic Product (GDP) growth rate of 5% and the 2.7% recorded during the same period in 2022.

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps. Industry leader, GOIL, is selling a litre of petrol at ¢12.39 from the previous ¢12.80 this morning December 19, 2023.

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has insisted that the economy would have faced dire consequences if the Central Bank had not stepped in to support government’s expenditure in 2022.

Prof. Ebo Turkson insists that as the government works to finalize this controversial legislative instrument, many factors must be considered to avoid leaving negative repercussions on the country.

About 100 customers of the defunct Gold Coast Fund Management have begun picketing the Finance Ministry to mount pressure on the government to release their lock-up funds.

Banks fear election related spending will affect interest rate next year.

According to the Ghana Statistical Service, the year-on-year inflation rate for October 2023 dropped from 38.1% in September 2023 to 35.2%. The service highlighted that among 20 items, their prices surged by over 50%, contributing to the overall October figure of 35.2%.

Ghana is ranked 5th in Africa with the highest offshore oil rig demand, according to the 2024 State of African Energy by the African Energy Chamber.

Auditing and Accounting firm, KPMG, is predicting a doubling of Ghana’s Gross Domestic Product (GDP) growth in 2024.