Ghana's central bank left its monetary policy rate steady at 14.50 percent due to elevated risks to inflation after an exaggerated rise in food prices following two episodes of panic buying of food before fumigation of markets across the country and the partial lockdown in the two largest cities.
Moody's Investors Service has affirmed the Government of Ghana's long-term local and foreign currency issuer and foreign currency senior unsecured bond ratings at B3 and changed the outlook to negative from positive. Moody's has concurrently affirmed the local and foreign currency senior unsecured MTN ratings at (P)B3 and the rating of the bond enhanced by a partial guarantee from the International Development Association (IDA, Aaa stable) at B1.
Ghana's central bank left its monetary policy rate steady at 16.0 percent, citing balanced risks to inflation and economic growth.
The collection of Value Added Tax (VAT) will be automated by the second quarter of this year, the Ghana Revenue Authority (GRA) has stated.
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