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)