My Economic Watch

~GDP slows to 5.4 percent in 2nd Quarter of 2018.
~Inflation eased to 9.8 percent.
~Producer Price Inflation dropped to 5.6 percent
~Yield on 3-year note increased by 150 basis points.
~Equity indices’ year-to-date return declining.
~Ghana Cedi outmuscled the three major trading currencies.
~Brent crude oil declined on inventory rise.

Toyota closes factory in Australia.

http://citibusinessnews.com/index.php/2017/08/14/what-to-know-gcb-takeover-of-ut-capital-bank/

What to know; GCB takeover of UT, Capital Bank - Ghana Business News Following the collapse of UT Bank and Capital Bank, and the subsequent takeover of the two banks by GCB Bank Ltd, the Bank of Ghana has issued a statement with FAQs (frequently asked questions) offering further clarification of the transaction. Q. Why has the Bank of Ghana decided to revoke the lice...

Dr. John Ofori-Tenkorang appointed as Director-General of SSNIT.

Ghana crosses deadly 70% threshold with a total debt stock of 119.9 billion cedis, as at November 2016. This represents 71.9% of the country’s Gross Domestic Product (GDP).

The minimum daily and monthly wage for 2017 is Ghc 8.80 and Ghc 194.00 respectively.

Prices of petroleum products have gone up by almost 9%.

2017 Pension indexation.
15% across board + Ghc 17.41 per pensioner. Minimum pension for existing pensioners = Ghc 334.81, fresh pensioners = Ghc 276.00.

Consistently in the last four (4) elections (2000, 2004, 2008 & 2012), Joy FM's projection has been confirmed by the EC, CODEO and other domestic and international observers. To this end, we can extrapolate and expect that...

As we go to the polls tomorrow, please bear in mind the only true winner will be GHANA!

“ I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle".
Winston S. Churchill.

"One implication of the Laffer curve is that increasing tax rates beyond a certain point will be counter-productive for raising further tax revenue".
Basic Macro Economics

Crude is trading at $ 30. The lowest in twelve (12) years.

Crude oil trading at $46.

SSNIT monthly benefit increases by 23%. New pensioners will also enjoy a 15% hike in their monthly benefit.

SNNIT assures public of adequate measures to sustain recent hikes in monthly pension benefits.

Prices of petroleum products go down by 10%.