Melcom Group of Companies, the diverse business conglomerate, has announced its entry into the Quick Service Restaurant (QSR) business by acquiring the International Franchise Rights for Pizza Hut in Ghana.
The government of Ghana in its 2021 budget indicated that it plans to raise up to $5 billion in the international capital markets this year. During the first quarter, the government successfully raised $3 billion in Eurobonds including its first zero coupon bond as part of the issuance.
The Bank of Ghana’s Monetary Policy Committee has kept its policy rate unchanged at 13.5% citing an increase in public debt stock and inflation.
Ghana’s economy recorded a growth rate of 3.1 per cent year-on-year in the first quarter of 2021 compared with 7 per cent in the same period last year.
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