Ghanaweb business news today
Here are some of the top business news stories from GhanaWeb today:
- Ghana's economy to grow by 6.8% in 2023: The International Monetary Fund (IMF) has projected that Ghana's economy will grow by 6.8% in 2023, driven by a recovery in the oil and gas sector and a rebound in agriculture. (Source: GhanaWeb)
- BoG to introduce digital currency: The Bank of Ghana (BoG) is set to introduce a digital currency, known as the e-Cedi, to promote financial inclusion and reduce the cost of transactions. (Source: Graphic Online)
- Ghana's inflation rate drops to 11.8%: The inflation rate in Ghana has dropped to 11.8% in December 2022, from 13.3% in November 2022, according to the Ghana Statistical Service. (Source: GhanaWeb)
- Ghana's trade deficit widens to $3.4 billion: Ghana's trade deficit has widened to $3.4 billion in 2022, driven by a decline in exports and an increase in imports, according to the Ghana Revenue Authority. (Source: Business Ghana)
- Ghana's oil production to increase by 10%: Ghana's oil production is expected to increase by 10% in 2023, driven by the development of new oil fields and an increase in production from existing fields. (Source: GhanaWeb)
- Ghana's banking sector to consolidate: The Ghanaian banking sector is expected to consolidate in the coming years, with several banks expected to merge or acquire smaller banks to increase their scale and competitiveness. (Source: Business Ghana)
- Ghana's agriculture sector to receive $1 billion investment: The Ghanaian government has announced plans to invest $1 billion in the agriculture sector over the next five years to increase food production and reduce imports. (Source: GhanaWeb)
- Ghana's energy sector to receive $2 billion investment: The Ghanaian government has announced plans to invest $2 billion in the energy sector over the next five years to increase power generation and reduce power outages. (Source: Business Ghana)
These are just a few of the top business news stories from GhanaWeb today.