Restructuring of commercial debts: Fitch expects Ghana to reach an agreement by mid-2024
Rating agency, Fitch has cast doubts on the country’s ability to reach a deal with its commercial external creditors by
Read More
Business News
US Federal Reserve holds interest rates at 22-year high
The US central bank has held its key interest rate at its current 22-year high as it seeks to stabilise
Read More
Shell posts $6.2bn profit as oil prices rise again
Oil and gas giant Shell has posted strong profits helped by oil prices rising again. The energy giant reported earnings
Read More
Pensions, best guarantee for the future — DG, SSNIT tells informal sector workers
THE Director-General of the Social Security and National Insurance Trust (SSNIT), Dr John Ofori-Tenkorang, has said the best guarantee for
Read More
KFC shuts Lesotho stores over South Africa bird flu
KFC has announced it is closing all its restaurants in Lesotho amid a severe outbreak of bird flu in neighbouring
Read More
Tax structure deserves a second look.
Before the end of next month, the 2024 budget and government economic policy will be laid before Parliament. Ahead of
Read More
World Bank warns oil prices could reach $150 a barrel
Oil prices could rise to more than $150 a barrel if the conflict in the Middle East escalates, according to
Read More
Domestic Debt Exchange Programme: Impact on insurance companies minimal — Insurance Commissioner
The impact of implementing the government’s domestic debt exchange programme (DDEP) on the stated capital of insurance companies in the
Read More
In the US, higher interest rates are forcing people to cut back
Americans are feeling pinch of high interest rates, forcing them to hold off purchases of homes, cars, even groceries. A
Read More
What to expect from Apple’s ‘scary fast’ event
By Samantha Kelly, CNN CNN — Apple is set to host its second product event of the season, a month
Read More
Addison discusses Ghana’s digital currency initiative at IMF Meetings; says e-Cedi will serve as a tool for financial inclusion
Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG) says the introduction of the e-Cedi will serve as
Read More
Kenya’s currency has been overvalued for several years; says the current governor
Kenya’s currency, the shilling, which is trading at a historically low rate, has been overvalued for several years, according to
Read More
Tanzania: A controversial port management deal with Dubai-based firm goes through
Tanzania’s government signed Sunday (Oct. 22) a port management deal with Dubai-based DP World. The deal was signed in the
Read More
South Africa egg shortage: How poultry products became a hot commodity
Eggs are currently South Africa’s hottest commodity. The country has been grappling with one of its worst outbreaks of bird
Read More
Nigeria: Ambitious 26 trillion naira 2024 budget
Nigeria has revealed its 2024 budget, totaling 26.01 trillion naira ($34 billion). The budget assumes an oil price of $73.96
Read More
Chinese President Xi Jinping opens Belt and Road forum in China’s capital
Chinese president Xi Jinping opened the Belt and Road forum in Beijing on Wednesday, with a message that China “can
Read More
Morocco: World Bank and IMF focus on African prosperity at annual meeting
At the annual meeting of the International Monetary Fund and the World Bank, being held this week in Marrakech, Morocco,
Read More
Egypt’s bonds spiral lower after Moody’s downgrade over economic woes
Economy The agency says Egypt’s worsening debt affordability led to its decision to cut the country’s credit rating. Business and
Read More
How Ghana’s central bank lost $5bn in one year
By Thomas Naadi BBC News, Accra Ghana – once touted as a trailblazing African economic success story – is facing
Read More
Inflation drops to 12-month low
Inflation in Ghana dropped to a 12-month low of 38.1% in September, down from the 40.1 percent recorded in August.
Read More