Fred Avornyo

217 Articles

‘Mutual Funds’ Flee Government Bonds, After Suffering Severe Haircut

Mutual funds are shifting away from government bonds after suffering significant losses in the debt restructuring programme, focusing on stable…

2 Min Read

Charted Ethiopian Airline Lands at the Kumasi Prempeh I International Airport- Its First International Flight

Ethiopian Airlines' first international flight lands at Kumasi Prempeh I International Airport, marking a key step in boosting regional connectivity…

2 Min Read

Why Inflation Feels Higher Than the Official Figures

Ghanaians feel inflation is higher than official figures due to regional and product-specific variations, with essentials experiencing much higher inflation…

2 Min Read

Ghana Secures $1.9 Billion of IMF Bailout, $1.1 Billion Left Amid Persistent Economic Challenges

Ghana has secured $1.9 billion of its $3 billion IMF bailout, but economic challenges persist, with $1.1 billion remaining to…

3 Min Read

Energy and Cocoa Sectors are Major Challenges to Ghana’s IMF Programme

Ghana's energy and cocoa sectors remain key challenges to its IMF programme, despite overall progress in meeting fiscal targets and…

4 Min Read

Gatwick to Kumasi Direct Flight: A Charter, Not a Standard Route Service

The direct Gatwick-Kumasi flights are akin to chartered services, not regular routes. They are part of Ethiopian Airlines' test run…

3 Min Read

Government Borrowing Costs Goes Up as 91-Day T-bill Interest Rates Climb by 240 Basis Points Since July

Government borrowing costs have surged, with 91-day T-bill rates rising 240 basis points since July, posing challenges to debt reduction…

3 Min Read

Rasta Community and Others Ready to Launch Industrial Hemp Cultivation, but License Fees Delay Ghana’s Entry into $2.4 Billion Hemp Industry

Ghana's industrial hemp industry faces delays due to unresolved license fees, hindering its potential entry into the $2.4 billion African…

4 Min Read

Monetary Policy Committee Begins Final Meeting of 2024 Amid Rising Treasury Bill Rates and Inflation

The Bank of Ghana's MPC meets to review economic developments amid rising inflation, Treasury bill rates, and forex interventions to…

4 Min Read

Bui Power Runs 24/7 to Supplement Shortfalls, But Country Faces Ongoing Power Outages

Ghana faces ongoing power outages despite Bui Power running 24/7, as Sunon Asogli remains offline and gas supply disruptions worsen…

4 Min Read

President Akufo-Addo Commissions Tema-Mpakadan Railway Line Amid Concerns Over Economic Viability

President Akufo-Addo commissioned the Tema-Mpakadan Railway Line, but concerns over its economic viability persist due to low traffic and limited…

3 Min Read

BoG Intensifies Forex Market Intervention, Injects $40M as Cedi Strengthens

BoG injected $40M into the forex market, strengthening the cedi and reducing dollar rates, with further IMF support expected to…

6 Min Read

Cedi Appreciating at the Interbank Rate but Stagnant at the Forex Bureaux

The cedi is appreciating at the interbank rate, but remains stagnant at forex bureaux, sparking concerns about the Bank of…

4 Min Read

Missed AFCON Qualification: Ghana and Black Stars Lose Key Business Opportunities Amidst Fan Disillusionment and Economic Concerns

Ghana’s Black Stars fail to qualify for AFCON, losing business opportunities, facing fan disillusionment, and sparking economic concerns over the…

3 Min Read

BoG Injects Nearly US$100 Million to Strengthen Cedi, Leading to Significant Gains

The Bank of Ghana injected nearly US$100 million into the market, strengthening the cedi, but concerns remain about sustaining gains…

3 Min Read