The International Monetary Fund (IMF) has warned the government of Ghana that it may not be possible to repay a US$2 billion bauxite-backed-loan it contracted with Chinese state company, Sinohydro, in 2018 which could lead to loss of collateral.
The sale of multinational petroleum company Anadarko’s operations in Ghana to French oil company Total SA is being held up by a US$500m tax demand by the Government of Ghana.
European stocks are set to extend a historic week of losses on Friday as the coronavirus outbreak continues to pummel global markets into correction territory.
The Ministry of Energy has started approval processes for the sale of the Ghana operations of Anadarko Petroleum Corporation, one of the country’s oil production partners, to the French oil giant, TOTAL SA.
The Bank of Ghana, BoG says they will sanction institutions and individuals who still charge in foreign currencies by flouting the Foreign Exchange Act.
CEO of MTN Ghana Selorm Adadevoh has called on Africans to acquire the skills and technical know-how to take advantage of the changes in the world of work due to evolution within the digital space.
The founder of the McDan Group of Companies, Mr Daniel Mckorley has pledged to support the next generation of Ghanaian entrepreneurs to grow and advised them to be disciplined in order to accomplish their vision of becoming multi-million-dollar entrepreneurs.
As part of plans to ensure the continued stability of the local currency against its major trading partners, the Bank of Ghana, BoG has launched a platform for commercial banks to use in the trading of forex in a real-time manner.