Tag: Courage Boti
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Oversubscription of govt treasury bills to continue over DDEP gains – Analyst predicts
Financial analyst, Courage Boti is predicting that government’s treasury bills will continue to be oversubscribed in the coming weeks. This, he attributes to gains made by the government in its debts restructuring exercise. The government has recorded an oversubscription of its treasury bill for two weeks in a row, with last week registering roughly 15.10…
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Revising BoG Act good for stabilizing fiscal management – Economist
Economist, Courage Boti has stated that the International Monetary Fund’s (IMF) call to revise the Bank of Ghana Act is a step in the right direction. He notes that the move is critical to stabilizing the country’s fiscal management. In an interview with Citi Business News, Courage Boti also explained that, “I don’t think this…
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Inflation could anchor at 28% before end of 2023 – Courage Boti
Economist and currency analyst at GCB Capital Limited, Courage Boti is hopeful of a sharper decline in the country’s inflation as he predicts the year 2023 could end with a rate of about 28 percent. His comment comes on the back of a significant drop in inflation with the month of March recording 45% from…
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Mid-year budget: Gov’t urged to cut down expenditure to align revenue targets
Economist, Courage Boti, is calling on government to cut down what he calls excess expenditure to align its revenue targets with its expenditure as the country seeks an IMF bailout. This forms part of issues he expects to be addressed in the upcoming mid-year budget review presentation on Monday. Ahead of the presentation, many stakeholders…
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EIU’s prediction on local currency is over-ambitious – Economist
Economist with Databank, Courage Boti has described the projection made by the Economist Intelligence Unit (EIU) on the local currency as somewhat over-ambitious, given the current economic conditions and the instability of the Ghana cedi in recent times. In its latest assessment of the Ghanaian economy, the London-based organisation projected a further weakening of the…