My Economic Watch

23/10/2018

~GDP slows to 5.4 percent in 2nd Quarter of 2018.
~Inflation eased to 9.8 percent.
~Producer Price Inflation dropped to 5.6 percent
~Yield on 3-year note increased by 150 basis points.
~Equity indices’ year-to-date return declining.
~Ghana Cedi outmuscled the three major trading currencies.
~Brent crude oil declined on inventory rise.

08/10/2017

Toyota closes factory in Australia.

14/08/2017

http://citibusinessnews.com/index.php/2017/08/14/what-to-know-gcb-takeover-of-ut-capital-bank/

Following the collapse of UT Bank and Capital Bank, and the subsequent takeover of the two banks by GCB Bank Ltd, the Bank of Ghana has issued a statement with FAQs (frequently asked questions) offering further clarification of the transaction. Q. Why has the Bank of Ghana decided to revoke the lice...

30/03/2017

Dr. John Ofori-Tenkorang appointed as Director-General of SSNIT.

22/01/2017

Ghana crosses deadly 70% threshold with a total debt stock of 119.9 billion cedis, as at November 2016. This represents 71.9% of the country’s Gross Domestic Product (GDP).

09/01/2017

The minimum daily and monthly wage for 2017 is Ghc 8.80 and Ghc 194.00 respectively.

07/01/2017

Prices of petroleum products have gone up by almost 9%.

06/01/2017

2017 Pension indexation.
15% across board + Ghc 17.41 per pensioner. Minimum pension for existing pensioners = Ghc 334.81, fresh pensioners = Ghc 276.00.

09/12/2016

Consistently in the last four (4) elections (2000, 2004, 2008 & 2012), Joy FM's projection has been confirmed by the EC, CODEO and other domestic and international observers. To this end, we can extrapolate and expect that...

06/12/2016

As we go to the polls tomorrow, please bear in mind the only true winner will be GHANA!

11/01/2016

“ I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle".
Winston S. Churchill.

"One implication of the Laffer curve is that increasing tax rates beyond a certain point will be counter-productive for raising further tax revenue".
Basic Macro Economics

07/01/2016

Crude is trading at $ 30. The lowest in twelve (12) years.