IMANI: Gold Purchases Insufficient to Address Ghana’s Exchange Rate Challenges
IMANI Africa has raised doubts about the New Patriotic Party’s (NPP) Gold Purchase Programme as a viable solution for stabilizing […]
BUSINESS NEWS
World Bank Lowers 2024 Growth Forecast for Sub-Saharan Africa Due to Sudan Conflict
The World Bank has revised its forecast for sub-Saharan Africa’s economic growth in 2023, lowering it from 3.4% to 3%.
ECG Losing $67 Million in Revenue Monthly – ACEP
The Africa Centre for Energy Policy (ACEP) has raised concerns over Ghana’s rapidly growing energy sector debt, revealing that the
IMF and Ghana Reach Staff-Level Agreement for $360M Fourth Tranche
The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on the third review of Ghana’s $3 billion
Ghana Secures 98% Participation in Eurobond Debt Restructuring
The Ministry of Finance has announced the successful completion of its Eurobond debt exchange and consent solicitation process, a crucial
Ivory Coast’s Increase in Cocoa Farmgate Price Falls Short of Producers’ Expectations
Despite Cote d’Ivoire’s recent increase in the fixed farmgate price for cocoa farmers to a record high, industry stakeholders believe
Société Générale Submits Full List of Share Acquisition Bidders to Bank of Ghana
Société Générale has provided the Bank of Ghana (BoG) with a complete list of individuals and entities interested in acquiring
ECA and AfDB Call for Reform of Global Financial System
The United Nations Economic Commission for Africa (ECA) and the African Development Bank (AfDB) have called for a new initiative
Fraudulent bank staff activities on the rise- BoG Report
The year 2023 saw an increase in staff involvement in fraudulent activities recorded in Banks and Specialized Deposit-Taking Institutions (SDIs)
Banks Reintroduce Fees of Up to $20 on Foreign Currency Accounts
Some commercial banks have started reintroducing charges on foreign exchange accounts after previously suspending these fees due to regulatory pressure.
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