US Trade Deficit Widens In April
The US trade gap widened in April for the second straight month as Americans bought more imported consumer goods, the Commerce Department reported Friday. Despite falling oil imports and crude...
Tag: Balance of payments
Trade Surplus Doubles To US$1.2bn In April
Export proceeds in the first four months of the year overtook imports by 30.2 per cent, resulting in a balance of trade (BOT) surplus of US$1.15 billion within the period. This means the country sold...
BoG Clarifies US$41m Bauxite Export Earnings
The Bank of Ghana (BoG) has formally responded to queries raised by the Public Accounts Committee (PAC) of Parliament regarding the $41 million bauxite export which was said to have not been captured...
BoG Clarifies Position On Bauxite Exports
The Central Bank has reacted to recent media reports which suggested that proceeds from Ghana’s bauxite exports in 2015 was not captured in its 2015 Statements of Foreign Exchange Receipts and...
Ghana’s Trade Account Improves – Bank of Ghana
The Bank of Ghana says the country’s trade account has improved, citing provisional data on the trade account during the first two months of 2017. The Monetary Policy Committee Summary for March...
Ghana Records Balance of Payment Surplus
Ghana has for the first time since 2011 recorded a balance of payment (BoP) surplus of $247 million, compared to a deficit of $129 million in 2015, the Minister of Finance, Mr Ken Ofori-Atta has...
Sadly, the 2017 Budget Didn’t Mention Galamsey Even Once!
The 2017 budget statement read to Parliament by Mr. Ken Ofori-Atta on 02 March, 2017 was a very competent one. It was also quite transparent. It conveyed a clear balance of payments message. The...
US Trade Deficit In January Largest Since 2012
The US trade gap shot up at the start of the year to hit its highest monthly level in almost five years, the Commerce Department reported Tuesday. The data showed trade was robust, with exports and...
Trade Deficit Threat To National Security
The Trump administration's top trade advisor said Monday US trade deficits are a threat to national security that could cause the loss of American freedom and prosperity. Outlining an...
Sadly, the 2017 Budget Didn’t Mention Galamsey Even Once!
The 2017 budget statement read to Parliament by Mr Ken Ofori Atta on 02 March 2017 was a very competent one. It was also quite transparent. It conveyed a clear balance of payments message. The...
‘You Are Different From Bawumia’
The Minority in Parliament has lauded the performance of Finance Minister Ken Ofori-Atta in the presentation of Thursdays 2017 budget, describing it as propaganda free. Minority leader Haruna Iddrisu...
Major Highlights As Presented To Parliament
We will broaden the tax base while reducing and abolishing some taxes. Arrears are about GH¢7bn. Deficit is 10.3% on a commitment basis Our goal is to build the most business friendly economy in...
Government Open To Borrow More From IMF – EIU
With government scheduled to open discussions with the International Monetary Fund (IMF) about a possible extension of the 3-year bailout programme, following several missed fiscal targets in 2016,...
Akufo-Addo Inherits ‘hot Potato’ Economy In ‘very Dire State’
Chairman of consultancy firm Ishmael Yamson & Associates says the Akufo-Addo government must work to quickly generate confidence in the economy because it is in "a very dire state." "I just want to...
Elections Pose No Major Risks But IMF Thinks Otherwise
The December 7 elections do not pose any major risks to Ghana’s economic rebalancing or its ability to implement the economic stabilisation and reform programme backed by the International Monetary...
Fiscal Discipline Not Producing Growth
Dr Joe Abbey, Executive Director of the Centre for Policy Analysis (CEPA), has disclosed that even though the extended credit facility of the International Monetary Fund (IMF) to Ghana was restoring...