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