Government could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday.
The IMF Board is set to convene on December 2 to deliberate Ghana’s Third Programme Review, a meeting that could trigger a critical $360 million disbursement to shore up the country’s fiscal framework and balance of payments.
Dr Ernest Addison, the Governor of the Bank of Ghana (BoG), has held bilateral engagements with two important development partners on the country’s economic recovery and stability.
The 2023 FinTech Sector Report by the Bank of Ghana (BoG) has revealed significant growth in the country’s digital financial landscape, with mobile money accounts surpassing GHc 65 million and transaction values exceeding GHc 1.9 trillion.
The executive board of the International Monetary Fund approved the first review of Ethiopia’s $3.4 billion lending programme, the fund said on Friday, paving the way for a $340.7 million disbursement.
The Executive Board of the International Monetary Fund (IMF) has completed the Review of Poverty Reduction and Growth Trust (PRGT) Facilities and Financing for poor countries.
Sunon Asogli Power (Ghana) Limited has announced the shutdown of its 560MW power plant due to the Electricity Company of Ghana’s (ECG) failure to meet overdue payment obligations.
The World Bank voted on Tuesday to change its internal lending guidelines, freeing up $30 billion in additional lending capacity over the next decade to help developing countries and emerging markets grapple with climate change and other global challenges, World Bank President Ajay Banga told Reuters NEXT.
Global ratings agencies, Fitch and Moody’s have sparked confidence in Ghana’s Long-Term Local-Currency (LTLC), raising the country’s credit ratings from the previous ones.
