We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Ghana: Macroeconomic conditions generally improved – BoG Governor

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has noted that macroeconomic conditions have generally improved relative to conditions at the time of the last MPC meeting in September 2020.

in Business
Reading Time: 2 mins read
0 0
0
Ghana: Macroeconomic conditions generally improved – BoG Governor
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Governor of the Bank of Ghana (BoG) Dr Ernest Addison said at the MPC press conference on Monday, November 23 that global conditions continue to be supportive, domestic inflation is easing, growth prospects are improving, crude oil prices have stabilized, monetary aggregates have expanded but with minimal impact on inflation, the current account deficit is stable, remittances inflow has remained firm, the exchange rate has been stable and reserve buffers continue to remain strong.

The key risks, he said are the evolution of the budget deficit and the financing needs to support budget implementation and the uncertainty surrounding the pandemic.

To that end, he said, “Under the circumstances, the Committee’s decision to maintain the policy rate at 14.5 percent.”

Recently, the World Bank Country Director for Ghana, Pierre Frank Laporte. The Government of Ghana must focus on ensuring macro-economic establish post-coronavirus,

He explained that macroeconomic stability protects nations from overspending and also slows debt loans maintenance.

More

Nigeria accelerates economic transformation with key reforms and signs of recovery

Rwanda combines youth innovation and circular economy to build a resilient nation

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

Mr Laporte further stated that this will further put Ghana on the international market with a positive perception.

“When you have macro-economic stability, you don’t only protect yourself, in terms of overspending, it also allows in maintaining debt loan, putting Ghana on the international market with a positive perception,” he said.

“They will say this is a country with good macro stability, the economy is managed well, inflation is coming down and deficits are under control, unemployment is fairly low, domestic mobilization is strong,” he told Joy News.

The Finance Minister had said the government would continue with its efforts to ensure that the benefits of macroeconomic stability is translated into the well-being of all Ghanaians.

He said such benefits would be felt in the provision of safe drinking water, good roads, jobs, access to good healthcare, stable and affordable electricity and good education.

“The many social interventions that have been implemented by the government over the last three years along with jobs created, have brought relief to many Ghanaians,” he said.

“We paid the registration fees for thousands of BECE candidates, abolished fees for postgraduate medical training, restored teacher and nursing trainee allowances, doubled the capitation grant, and implemented NABCO which has employed 100,000 graduates across every constituency in Ghana.”

He said the government has also recruited over 350,000 people in the public sector in the last three years and these can be found in various fields including teaching, security services, nursing, Nations Builders Corps (NABCO) and the forestry sector.

“We have expanded the Livelihood Empowerment Against Poverty (LEAP) programme by 150,000 people, expanded the school feeding programme by 500,000 children and increased the peacekeeping allowance from $31 to $35 per day.”

Mr Ofori Atta said while the average annual increase in electricity tariffs between 2010 and 2015 was 45 percent there has been a net reduction of electricity tariffs by at least between five to 10 percent for households and businesses since 2016.

“Thousands of Persons With Disability (PWD) have had their allocation from the District Assemblies Common Fund (DACF) increased by 50 percent, [and we have] ensured the implementation of our pledge of employing 50 percent of the persons who manage the country’s toll booths from amongst Persons with Disabilities,” he said in the 2019 budget statement.

Source: ghanaweb.com
africanian

africanian

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

June 25, 2025
Kenya: a business blossoming from the soil

Kenya: a business blossoming from the soil

June 23, 2025
Lesotho increases blood collection by 70% between 2017 and 2024

Lesotho increases blood collection by 70% between 2017 and 2024

July 8, 2025
Nigeria accelerates economic transformation with key reforms and signs of recovery

Nigeria accelerates economic transformation with key reforms and signs of recovery

July 7, 2025
RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

July 5, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.