Ghana’s economy, explained
What is going on OPE? Somewhere in the Middle East, in the year of our Lord 2026, the United States launched a military operation against Iran. Operation Epic Fury they called it. The conflict triggered the closure of the Strait of Hormuz. This is one of the world’s most important oil corridors. About 20% of…
The moment we began April, we heard the price of petrol would be increased at the pump. This change has been somehow blamed on the US-Iran war. But how does Iran’s blocking of the Strait of Hormuz affect our fuel prices? It’s not like we get our fuel from anyone in that neighbourhood. OPE, explain…
The first glimpse the general public got into this issue was about a week ago. This was brought to our attention when the government announced it was going to cut producer prices down for cocoa farmers in Ghana. After this, we saw and read news of keyboards costing upwards of 4,500 a piece (wonder what…
Ghana’s Inflation Falls to about 3.8% in January!? Great News! Now my Valentine’s bill will be cheaper, right? OPE? RIGHT?
The Finance Minister recently presented and read the budget proposal for Ghana going into 2026. Headlines have been filled with the different things contained in the budget. Today, you read that the budget has made provision for this group, or has taken this tax off, or has even made changes to an existing tax. Whatever…
OPE, it’s a new week! Guess what I’m seeing in the headlines? Something about S&P giving Ghana a grade. “S&P upgrades Ghana’s credit rating from ‘CCC+/C’ to ‘B-/B”. I mean, I know a country does not go to school, but what does it mean for me?
Image by wayhomestudio on Freepik OPE, news headlines are telling me the Government misses the T-Bill target by 13% as yields edge up across tenors, the Government falls short of the T-Bill target by 13% despite full bid acceptance. OPE, the thing is, I have invested some money into Treasury Bills, too. December is coming,…
image by wayhomestudio on freepik.com OPE, what’s going on? Should I be concerned?Oh no, you shouldn’t be concerned at all. It’s good news! As part of its job description, the Bank of Ghana (BoG) has to make sure that inflation can be controlled. But how does it achieve that? I mean, the BoG employees cannot…
Some News outlets reported earlier this week that Ghana is likely to pass the IMF’s 5th programme review in December. Passing the IMF’s 5th programme means Ghana unlocks another $380 million disbursement. Disbursement for what? What is the IMF and What Does It Do? Let’s go back a bit so you can understand what is…
Image by benzoix on Freepik Charley, this was the question I asked a market woman when I stepped out to buy some foodstuffs from the market. You remember back in December 2022, when inflation was around 54%? I remember it really well because that was when a usual bag of 35 cedis rice suddenly doubled…