GNCCI Business Brief (1ST – 7TH FEB. 2022)

Economy

Debt concerns, inflation push BoG to keep policy rate at 14.5%
GRA sets GH¢80.3bn revenue target for 2022
Bank of Ghana raises GHS 1.7bn
Moody’s downgrades Ghana’s rating to Caa1; but outlook stable

Sectoral

Value of MoMo transactions drop by GH¢3bn ahead of E-levy passage
Prices of goods to go up by 12% over implementation of amended VAT
Banks likely to give more loans if Ghana card policy takes effect – Bankers Association
Gov’t to institute financing policy for state-owned firms -Fin. Minister

Trade and Investment

Ghana-Turkey Economic Relations: 5 key sectors that require immediate attention

Policy

AfCFTA members conclude negotiations on rules of origin to enhance free trade
180 exports firms listed for gov’t support under AfCFTA

International

IMF cautions Ghana, other African countries over worsened food insecurity

Download GNCCI BUSINESS BRIEF  (1ST – 7TH FEB. 2022)

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