GNCCI Business Brief (8th – 12th Feb, 2021)

Economy

  • Banks borrowed GH¢2.57bn from BoG in pandemic year
  • Inflation begins year at 9.9% as food prices decline
  • Cedi shows resilience against dollar, euro

Sectoral

  • Economic challenges keep cost of borrowing high
  • COVID-19 Workplace Spread: Taskforce constituted to monitor compliance of protocols
  • Finance Ministry pays GH₵12bn to IPPs since 2017
  • SSNIT to integrate Ghana Card unto System
  • Ghana’s local cocoa processing capacity hits 50% of production
  • Ghana’s financial markets are showing strong resilience against the economic impacts of COVID 19’s second wave

Trade & Investment

  • Sensitisation Seminar on the AfCFTA

Policy

  • Small businesses must tap into 1.3bn consumer market presented by AfCFTA

International

  • EU to work with Biden administration to settle trade disputes
  • Ghanaian exports to UK still attract tariffs

Download GNCCI BUSINESS BRIEF (8th – 12th  Feb, 2021)

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