Ghana maintains interest rate after economy protests
26 September 2023 |
4:59 am
Citing declining inflation and a strong rebound in economic activity, Ghana's central bank on Monday (September 25) held its interest rate at 30%.
Related
Related
21 Apr
A keenly-watched malaria vaccine from Oxford University has secured its first approval, in Ghana, as the African country ramps up efforts to combat the mosquito-borne disease that kills a child every minute.
4 May
Meet the NGO in Ghana assisting people with mental health issues take care of their daily needs. In addition to help with treatment plans, the patients are given work opportunities in farming to support their expenses.
20 May
John Mahama — who served as Ghana's president between 2013-2017 — is running for the top job in 2024. His longtime rival, Nana Akufo-Addo, won’t contest next year's vote, which could increase Mahama’s chances of winning.
2 Jun
The annual inflation rate in the Eurozone dipped sharply in May to 6.1 percent, its lowest level since Russia invaded Ukraine last year. Despite this, European Central Bank Chief Christine Lagarde hinted at further, more gradual interest rate hikes to bring inflation down to its target of 2 percent.
12 Jun
Ghana remains determined to host the next Africa Games despite its worst financial crisis in decades. However, even in the wake of a multi-billion IMF loan, some supporters of the project have grown sceptical.
11 Jun
The Reserve Bank of India has left the benchmark repo rate unchanged at 6.5% as inflationary pressures ease. However, the bank warned some risks remain.
17 Jun
German stocks have rallied to a new record amid expectations that US interest rate rises are about to plateau.
24 Jun
Stolen livestock from some West African nations have been finding their way into local markets in Ghana. Security experts are concerned that porous borders are facilitating jihadists' movement of the rustled animals.
26 Jun
Lawmakers in Ghana are calling for legislation to govern the use of artificial intelligence (AI). They argue that the tool could increase inequality and want clarity over machine error. But proponents of AI disagree.
23 Jul
With advancements in technology and the rise of digital platforms, filmmakers around the world are embracing digital tools and techniques to enhance production, distribution, and consumption of films. Ghana’s film industry has been struggling to keep up with digitalization, although it remains the second-largest producer of films in Africa per year.
25 Jul
A former government minister is investigated for corruption in Ghana. The inquiry comes after Cecilia Abena Dapaah reported her housekeeper for stealing a large sum of money, but prosecutors want to know where the money came from. Also in this edition: at least 30 people have been killed by a building collapse in Cameroon.
3 Aug
The interest rate was increased to an anticipated 5.25%, the bank's 14th hike in a row. The bank is expected to continue with its policy of hiking the interest rate in the next months to combat inflation.
Latest
55 mins ago
While Palestinians in the Middle East have different legal statuses and integration levels, for the majority, the common pursuit remains a two-state solution and the ability to exercise a right to return.
55 mins ago
The trial of Marvel actor Jonathan Majors has begun, with the actor facing charges of assault against his ex-girlfriend. The alleged attack occurred in March of 2022 and left the victim, Grace Jabbari, with bruises and a broken finger.
55 mins ago
Dubai is hosting the UN COP28 summit on climate change, which aims to encourage countries to speed up their energy transitions. The fact that the event is taking place in an oil-rich emirate is the last straw for many activists, who are boycotting the event. Dubai, home to artificial islands and ski slopes in the desert, is nonetheless trying to boost its green credentials and is counting on startups to do so.
5 hours ago
Sebastian Stan has been cast as a young Donald Trump in Ali Abbasi's biopic 'The Apprentice'.
5 hours ago
As the COP28 summit gets underway in Dubai, the United Nations has warned that one of the biggest challenges in tackling climate change is the rise in disinformation about the issue. The UN is backing a campaign by Indian teenage environmental activist Sagarika Sriram, whose mission is to make climate change studies compulsory in schools worldwide. She spoke to FRANCE 24's Gavin Lee from Dubai.
8 hours ago
Qatar holds an important position of influence over Hamas, a designated terrorist entity, whose political headquarters it has housed for more than a decade. Some question its legitimacy as mediator in the Israel-Hamas war.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.