Ghana's economy grew 5.4% in 2021 - GSS
Ghana’s economy expanded by 5.4% in 2021, far higher than the 0.4% recorded in the year 2020, a period that COVID-19 pandemic had severely hit the global economy.
Ghana
Global tension, inflation pushes Ghana’s central bank to massively hike interest rate
Ghana’s central bank has announced its largest-ever interest rate hike to halt the country’s spiralling inflation fed by global tensions in Europe. This is according to a news release from the Bank of Ghana’s Monetary Policy Committee.
Moody's downgrades Ghana's rating to Caa1; outlook stable
Moody's Investors Service ("Moody's") has today downgraded the Government of Ghana's long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative. Moody's has also downgraded the senior unsecured MTN programme ratings to (P)Caa1 from (P)B3 and the backed senior unsecured debt rating to B3 from B1.
Ghana Central bank keeps policy rate unchanged at 14.5% due to inflation risks
Ghana’s central bank has kept is monetary policy rate unchanged at 14.5 percent.
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