Bulk Oil Distribution Companies (BDCs) secured $20 million through the Bank of Ghana’s (BoG) forex forward auction, conducted at a rate of GHS 15.05 per US dollar.
The World Bank and Solidaridad West Africa (SWA) – leading implementation agency for Ghana signed a grant agreement for a US$4 million project to boost social inclusion in the sharing of benefits generated within the Ghana Cocoa Forest Reducing Emissions from Deforestation and Forest Degradation (REDD+) Program (GCRP).
The former Chief Executive of COCOBOD, Dr. Stephen Kwabena Opuni has flatly dismissed allegations by his successor, Joseph Boahen Aidoo that COCOBOD was facing significant financial challenges when he (Boahen Aidoo) assumed office in January 2017.
The World Bank has approved a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector Management Assistance Programme for a 4-year Ghana Energy Sector Recovery Programme for Results (PforR).
Ghana's governement has clinched a deal with its official creditors to formalize the debt treatment plans agreed upon in January, according to a statement from the Ministry of Finance on Wednesday.
Abena Osei-Asare, Minister of State is leading Ghana’s delegation to attend the 2024 Africa Export-Import Bank (Afreximbank) Annual Meetings and the 3rd African-Caribbean Trade and Investment Forum (ACTIF2024) taking place in Nassau, Bahamas from 12th to 15th June, 2024.
The world's second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to poor crops, five sources told Reuters in a further worsening of the outlook for the global chocolate industry.
Inflation for May 2024 has dropped significantly to 23.1%, down from 25.0% in April 2024, representing a 1.9 percentage point decrease between April and May 2024.
IC Securities has significantly revised its year-end forecast for the US dollar to Ghanaian cedi exchange rate, adjusting its projection from GH¢13.2/US$ to GH¢15.91/US$.
Former President John Mahama has said he will restore banking licenses of banks whose licenses were revoked due to their inability to meet the Bank of Ghana’s (BoG) GHS 400m capital requirement.
