• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Geopolitical risks pose challenges to Ghana’s interest rate outlook, says Fitch Solutions 

2 years ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
116
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Geopolitical risks pose challenges to Ghana’s interest rate outlook, says Fitch Solutions 

In a recent report titled “More Interest Rate Cuts On The Way In Ghana, Following Cautious Start Of Easing Cycle,” Fitch Solutions has identified potential upward pressures on Ghana’s interest rate forecasts, citing geopolitical tensions and their impact on global trade dynamics.

The research firm underscores the vulnerability of Ghana’s economy as a net importer of crucial commodities like fuel and food items. Heightened geopolitical tensions, Fitch Solutions warns, could disrupt global trade flows, leading to a surge in commodity prices worldwide. Such a scenario would inevitably translate into increased import costs for Ghana, posing a threat to the country’s ongoing efforts to stabilize inflation.

Moreover, Fitch Solutions highlights the risk of prolonged negotiations between Ghana and its commercial creditors. Delays in reaching agreements could extend beyond initial expectations, potentially delaying IMF disbursements and eroding investor confidence. This, in turn, could trigger a sell-off of the Ghanaian cedi and reignite inflationary pressures.

In anticipation of these challenges, Fitch Solutions suggests that the Bank of Ghana may adopt a more cautious stance in its monetary easing cycle than previously anticipated.

Despite these concerns, the Bank of Ghana reports relative stability in interest rates, particularly evident in the declining trend observed in short-term Treasury bill rates. As of February 4, 2024, rates for the 91-day and 182-day Treasury bills have decreased to 28.29% and 30.79%, respectively. Similarly, the rate on the 364-day instrument has fallen to 31.39%.

While Ghana’s interest rates remain broadly stable, Fitch Solutions’ cautionary stance highlights the intricate interplay between global geopolitical developments and domestic monetary policy, underscoring the need for vigilance amidst uncertain economic landscapes.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Tags: Fitch SolutionsGeopolitical risksGeopolitical risks pose challenges to Ghana's interest rate outlookinterest rate outlooksays Fitch Solutions
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.