Ghana's Hard Yards

There are eight more weeks till the end of the year. They will be busy. This week, the statistical service is scheduled to release new inflation data¹. Less than a week after that the finance minister is scheduled to deliver the 2023 budget. His sixth and perhaps most consequential. At least, it was scheduled...

According to the Majority Leader Osei Kyei Mensah Bonsu, the bill may be delayed to accommodate ongoing IMF negotiations that the president says are at an advanced stage and will conclude before the end of the year. In the interim, the government will make USD 265 million in Eurobond coupon payments while funds from the USD1.1 billion COCOBOD syndicated loan continue to make their way through the local economy. And before the end of this month, the Bank of Ghana Monetary Policy Committee (MPC) will have their last scheduled meeting for 2022, then publish their decision against a backdrop of dramatic inflation and currency depreciation at home, rate rises and