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GNCCI BUSINESS BRIEF (1ST - 7TH FEB. 2022)

  ECONOMY

  • Debt concerns, inflation push BoG to keep policy rate at 14.5%
  • GRA sets GH¢80.3bn revenue target for 2022
  • Bank of Ghana raises GHS 1.7bn
  • Moody’s downgrades Ghana’s rating to Caa1; but outlook stable

 

 SECTORAL

  • Value of MoMo transactions drop by GH¢3bn ahead of E-levy passage
  • Prices of goods to go up by 12% over implementation of amended VAT
  • Banks likely to give more loans if Ghana card policy takes effect – Bankers Association
  • Gov’t to institute financing policy for state-owned firms -Fin. Minister

 

TRADE AND INVESTMENT

  • GHANA-TURKEY ECONOMIC RELATIONS: 5 key sectors that require immediate attention

 

POLICY

  • AfCFTA members conclude negotiations on rules of origin to enhance free trade
  • 180 exports firms listed for gov’t support under AfCFTA

 

INTERNATIONAL

  • IMF cautions Ghana, other African countries over worsened food insecurity

 

Download GNCCI BUSINESS BRIEF  (1ST - 7TH FEB. 2022)

CHAMBER TRADE ALERT

Overview: The Chamber Trade Alert is a quarterly article that provides update on Ghana’s trade and market intelligence to enable members of the Chamber take advantage thereof. In this article, emphasis is made on Burkina Faso, Togo, Côte d’Ivoire, and Nigeria towards encouraging trade with these respective countries given Ghana’s greatest export potential, highest supply capacity, and strongest demand potential under the AfCFTA. All data sources are from the ITC.

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GNCCI BUSINESS BRIEF (8th - 12th Feb, 2021)

Economy

  • Banks borrowed GH¢2.57bn from BoG in pandemic year
  • Inflation begins year at 9.9% as food prices decline
  • Cedi shows resilience against dollar, euro

 

Sectoral

  • Economic challenges keep cost of borrowing high
  • COVID-19 Workplace Spread: Taskforce constituted to monitor compliance of protocols
  • Finance Ministry pays GH₵12bn to IPPs since 2017
  • SSNIT to integrate Ghana Card unto System
  • Ghana’s local cocoa processing capacity hits 50% of production
  • Ghana’s financial markets are showing strong resilience against the economic impacts of COVID 19’s second wave

 

Trade & Investment

  • Sensitisation Seminar on the AfCFTA

 

Policy

  • Small businesses must tap into 1.3bn consumer market presented by AfCFTA

 

International

  • EU to work with Biden administration to settle trade disputes
  • Ghanaian exports to UK still attract tariffs

Download GNCCI BUSINESS BRIEF (8th - 12th  Feb, 2021)

About GNCC

The Ghana National Chamber of Commerce is an association of business operators, firms and industries with interests spanning every sector of private enterprise in Ghana. Read more

Head Office

Ghana National Chamber of Commerce
 North Dzorwulu, 3 Norley Afia St,

Near Fiesta Royale Hotel, Accra
P.O Box 2325, Accra High Street

Digital Address: GA-157-6153

233(0) 302 662860 / 233(0) 544114306

info@ghanachamber.org

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