Fred Avornyo

217 Articles

Cedi Poised for Rebound on High Real Rates, Says Societe Generale

Ghana's cedi is poised for a rebound, supported by high interest rates, improved government finances, and strong gold exports despite…

2 Min Read

Ghana Eyes Sustainable Blue Economy with New Ocean Exploration Plan

Ghana plans to boost its economy through a Sustainable Ocean Plan, leveraging its ocean resources for new industries while promoting…

2 Min Read

IMF Urges Ghana to Stay Committed to Reforms for Sustainable Growth and Debt Stability

The IMF urges Ghana to maintain policy discipline and reform implementation to ensure sustainable growth, debt stability, and continued progress…

2 Min Read

Businesses to Lose Out as CAF Bans Ghana from Hosting International Matches

CAF's ban on Ghana's Baba Yara Stadium for international matches will significantly impact local businesses, highlighting the country's poor sports…

3 Min Read

Illegal Mining Crisis Pushes Ghana’s Fruit and Vegetable Exporters to the Brink as Compliance Costs Soar”

Ghana's fruit and vegetable exporters face collapse as soaring compliance costs, driven by illegal mining's impact, threaten their access to…

5 Min Read

Interest Rates on Tbills Go Up But Government Misses Target Yet Again

Despite marginal increases in interest rates, the government has consistently missed treasury bill targets for nine weeks, raising concerns over…

2 Min Read

Ministry of Finance, Partners Hold Sensitization Forum on SME-GO Programme

The SME-GO programme, launched by the Ministry of Finance and partners, aims to provide financial and technical support to SMEs,…

3 Min Read

Rising Discontent Among Foreign Account Holders Over High Bank Fees

Bank customers are facing high fees for foreign accounts due to new Bank of Ghana policies, which have led banks…

3 Min Read

Cedi Faces Sharp Depreciation as Dollar Traded at GH¢17 Over the Weekend

The cedi depreciated to 17 against the dollar over the weekend, prompting concerns of inflation and potential Central Bank intervention…

2 Min Read

Government borrowed GH¢23 billion in August compared to GH¢15.75 billion in July through treasury bill

The government borrowed GH¢23 billion in August, a 46.5% increase from July, raising concerns about fiscal discipline and economic stability.

3 Min Read

Government hikes rates but still missed treasury bill target for the 8th consecutive week

Government raised interest rates on treasury bills but missed its borrowing target for the eighth consecutive week, reflecting continued investor…

2 Min Read

Campaign Period Is Time to Redistribute Wealth and ‘Stolen’ Money

Political campaigns in Ghana redistribute illicit wealth, boosting cash flow and sales, but also lead to inflation and uneven distribution…

3 Min Read

Musk’s X banned in Brazil after disinformation row

X (formerly Twitter) is banned in Brazil for not naming a legal representative and paying fines, amid disputes over disinformation…

2 Min Read

Nearly 200% Increase in the Price of Beans Threatens Affordability of Popular meal ‘Gobe’

Bean prices have surged nearly 200% due to drought, threatening the affordability of popular Ghanaian meal "Gobe" and straining low-income…

3 Min Read

Fears Rise Over Possible Misuse of GH¢500 Million Contingency Fund for Election Campaign Under the Guise of Relief Aid

Concerns grow that GH¢500 million from the Contingency Fund for drought relief may be diverted for election campaigns instead of…

3 Min Read