POLITICS

Ghana’s inflation hits 31.7% in July

Between January and July, the value of the Ghanaian cedi fell by almost 30% as the government struggled to raise money on the international capital market. The data show that while non-food inflation was 31.3%, food inflation increased once more to 32.3%. The impact of the main factors on the …

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Fitch downgrades Ghana to ‘CCC’ from ‘B- ‘

The rating company Fitch has lowered Ghana’s Issuer Default Rating (IDR) for Long-Term Foreign-Currency (LTFC) from “B-” to “CCC.” According to the statement, the downgrade reflects the state of Ghana’s public finances, which have made it difficult for the country to access the Eurobond markets for an extended period of …

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President Akufo-Addo appoints Kofi Agyepong as YEA CEO

Kofi Baah Agyepong, the Deputy Director of Communication at the Presidency, has been selected by President Akufo-Addo to serve as the Youth Employment Agency’s acting CEO (YEA). Mr. Justin Kodua Frimpong, who resigned to concentrate on his position as the General Secretary of the New Patriotic Party, is succeeded by …

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Mahama calls for national dialogue on Ghana’s economy

In order to address Ghana’s deteriorating budgetary position, which has caused the country’s economy to be downgraded by foreign rating agencies, former president John Dramani Mahama wants an immediate national conversation. He specifically criticized the Akufo-Addo administration for not doing enough to revive the faltering economy and provide relief for …

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