Impact of digitalization on lending in the financial sector
The new normal has exacerbated the need to speed up digitalization in Ghana’s financial services industry. The World Bank opines that, access to less expensive financial service is crucial in…
The ballooning public debt in the midst of COVID-19 pandemic: impact on macroeconomic stability
Budget deficit and its accompanying debt are key indicators in accessing the health of any economy. At the end of March 2020, Ghana’s public debt reached GHȼ 236.1 billion according…
COVID-19 induced reversal of downward inflation trend; impact on price stability
COVID-19 pandemic has affected price stability in Ghana’s economy. Consumer Price Index (CPI) entered double digit for the first time since the CPI was rebased in August 2019. In April…
Rapid Credit Facility vrs Extended Credit Facility: Restoring the economy after COVID-19 pandemic
The International Monetary Fund (IMF) Executive Board on 13th April 2020 approved the disbursement of US$1billion to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the…
