In its 2023 Annual Report, the Bank of Ghana reveals a significant deficit, with total liabilities surpassing assets by GH₵65.36 billion, representing an increase from the previous year’s GH₵54.52 billion deficit.
The World Bank has approved a $250 million International Development Association (IDA) credit for Ghana’s Financial Stability Project, spanning five years.
An essential good with major economic significance is African palm oil. The African palm oil sector may prosper and improve the lives of people and the environment at the same time by adopting sustainable methods and tackling these issues.
The Institute for Energy Security (IES) says it anticipates an increase in fuel prices in the first-half of June 2024, on account of the worsening performance of the Cedi.
Africa is home to vast and abundant reserves of natural resources, with resources ranging from black gold popularly known as oil to large reserves of cobalt, found all across the mineral-rich lands of the Congo.
Dean of the University of Cape Coast Business School, Prof John Gatsi, has described as ‘desperate’ the Central Bank’s warning to speculators that they would regret betting against the cedi.
Eva Mends, Chief Director at Ghana’s Finance Ministry, has highlighted the Ministry’s ongoing challenge of developing a tax system that will be broadly accepted by Ghanaians to increase the nation’s tax-to-GDP ratio by 5% to 8%.
Ghana and the African Development Bank have signed the Indicative Operations Programmes outlining the projects to be implemented between 2024 and 2025.
Ghana’s private power producers are threatening to walk away from talks to revamp $1.6 billion in arrears, a potential snag in the West African nation’s long-running efforts to restructure its debts.
U.S. Principal Deputy Assistant Secretary of State for International Security and Nonproliferation Ann Ganzer announced new civil nuclear cooperation to further support Ghana’s safe and secure use of nuclear power, including establishing Ghana as a small modular reactor (SMR) regional hub.
The German Development Cooperation, in collaboration with the Association of Ghana Industries (AGI), has launched the African SME Network for Exchange and Trade (AfNEXT).
On Monday, the total trade turnover on the Ghana Stock Exchange (GSE) tumbled to GH¢63,236.10, marking a significant decline of 65.74% compared to the previous trading day (Friday).
