For Africa, the COVID-19 pandemic will likely mean negative GDP growth at unprecedented rates. In addition, several African countries are dealing with the aftermath of a commodity price collapse – another key contributor to current recessionary trends.
Economist Dr. Lord Mensah says the recent warning sounded by the International Monetary Fund (IMF) over Ghana’s rising debt levels could lead to investors demanding higher yields on the government’s planned Eurobond issuance scheduled for early 2021.
Government will from today begin the process to roll over maturing two-year cedi-denominated treasury notes with the opening of the order book to resident and non-resident investors, according to a notice published by the Bank of Ghana.
The Securities and Exchange Commission, SEC has launched an engagement series dubbed, "Time with the Commission" to drive closer partnerships with the investing public and other market operators in the capital market.
South African telecommunications giant, MTN Group on Friday, October 30, 2020, announced the sale of its stake in Jumia, one of Africa’s largest eCommerce firms.
Netflix Inc. raised the monthly price of its most popular plan for the first time since early 2019, a move that comes as the streaming service competes with a growing number of cheaper alternatives.
Finance Minister Ken Ofori-Atta says government will scale down the earlier projected 2021 fiscal deficit from 9.6 percent of gross domestic product (GDP) to 8.3 percent of GDP.
An Accra High Court has upheld an appeal filed by Senior Minister, Yaw Osafo Maafo, and four other officials from the Ministry of Finance against the Auditor-General’s $1 million disallowances and surcharge in respect of the contract to Kroll and Associates.
Outgone Chief Executive Officer of Stanbic Bank Alhassan Andani says the work ethics of new CEO for the bank Kwamina Asomaning will ensure he succeeds.
