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)
Overview: The Chamber Trade Alert is a quarterly article that provides update on Ghana’s trade and market intelligence to enable members of the Chamber take advantage thereof. In this article, emphasis is made on Burkina Faso, Togo, Côte d’Ivoire, and Nigeria towards encouraging trade with these respective countries given Ghana’s greatest export potential, highest supply capacity, and strongest demand potential under the AfCFTA. All data sources are from the ITC.
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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)
The Ghana National Chamber of Commerce and Industry (GNCCI)
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