Obtaining an IMF deal just 10 months after Ofori-Atta turned to the Fund in July 2022 has given President Akufo-Addo Ofori-Atta and influential central bank governor Ernest Addison a qualified boost to Ghana's economy...
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Bank of Ghana governor Ernest Addison has allowed Ghana's 23 official banks until the end of April to report their 2022 audited financial statements and their full-year profits...
ACCRA'S ECONOMIC TRIUMVIRATE UNDER PRESSURE Of the three men running Ghana's economy finance minister and former investment banker Ken Ofori-Atta is blamed most for the latest meltdown but the other two – Vice-President Mahamudu Bawumia and Bank of Ghana governor Ernest Addison – are being pushed into the frame by politicians across party lines and civic activists as they intensify attacks on the government (AC Vol 63 No 22 Economic woes hit Akufo-Addo on all sides)...
Cedi keeps falling after Bank raises rates In fluent and understated banker-speak Ernest Addison Governor of the Bank of Ghana announced on 6 October that 'inflation remains elevated and the balance of risks is on the upside'...
Listening carefully to Bawumia would have been the Governor of the Bank of Ghana Ernest Addison who is known to differ with top members of the Economic Management Team...
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Vol 63 No 8 |
- ECONOMY
- AFRICA
HOW RUSSIA'S WAR HITS AFRICA'S TREASURIES Ghana's central bank governor Ernest Addison has bemoaned a massive increase in food price inflation to over 17% in February and on 21 March announced a major 2...
But central bank governor Ernest Addison and Finance Minister Ken Ofori-Atta will struggle to steer the economy towards the 6% growth target this year while controlling inflation boosting revenues controlling the fiscal deficit and managing the debt burden...
Bank of Ghana under governor Ernest Addison last year backed the government via its 10 billion cedi asset purchase programme and has chosen to hold the policy interest rate at 14...
In the financial sector the controversial bailouts of bank and non-bank financial institutions overseen by central bank governor Ernest Addison are now estimated to have cost over 21 billion cedis (US$3...
Akufo-Addo's key policymakers finance minister Ken Ofori-Atta and central bank governor Ernest Addison moved quickly at the start of the emergency in March with more social service funding and a request for finance from the International Monetary Fund...