Sunday, May 19, 2024

Business

Rising debt in developing countries: How do we get access to more capital and how do we not demonise debt? Ofori-Atta asks.

Finance Minister Ken Ofori-Atta has said that the recent World Bank-International Monetary Fund (IMF) meeting held in Marakesh, Morroco provided a platform to raise issues such as financial architecture recalibration and the challenges distressed countries faced due to the...

Let’s prioritise value addition to exports — Prof. Bokpin.

An economist and professor of finance, Professor Godfred Bokpin says the country can halt the depreciation of the local currency, create more jobs and wealth for people and the economy as a whole if it makes deliberate effort to...

Ghana becomes 100th depositor to safeguard key food crops in permafrost Seed Vault.

Today, Ghana becomes the 100th depositor to deposit seeds in the Svalbard Global Seed Vault, an important step towards ensuring the long-term protection of the country’s major food crops. Ghana joins 15 other institutions, including one other first-time depositor –...

Our ambition is to lead digital solutions for Africa’s progress – MTN.

The Mobile Telecommunication Network (MTN), is building large and valuable platforms to lead digital solutions for sustainable development and progress of the African continent. The ambition of the Company is to become customer central, build resilient network to improve customer...

Inflation to reduce to 26.7% by December, 15% by end of 2024 – Akufo-Addo.

President Nana Addo Dankwa Akufo-Addo is predicting a reduction in the country’s inflation rate by the close of this year, 2023. Inflation is the rate of increase in prices over a given period of time. Ghana’s current inflation rate stands...

Jailing of Ato Essien: We need our money back; it’s sad we couldn’t retrieve all from him – Joe Jackson.

The Director of Business Operations at Dalex Finance, Mr Joe Jackson, has said he was sad that the state could not retrieve all the money from the Chief Executive Officer of the defunct Capital Bank, William Ato Essien before...

Ghana makes progress with debt situation – World Bank.

Ghana has made progress with its debt burden, says, Mr Ajay Banga, President, World Bank Group (WBG). “Zambia got out of the debt situation after a long process but we’ve seen progress with Ghana and other countries,” Mr Banga said. Mr...

IMF bailout: Quickly agree on debt relief terms – Ofori-Atta begs bilateral creditors.

The Ministry of Finance has appealed to its bilateral creditors to quickly agree on the debt relief terms to help Ghana secure the second tranche of the $3 billion International Monetary Fund (IMF) bailout package. He expressed appreciation to the...

IMF projects higher growth for Sub-Saharan Africa in 2023 better than advanced economies.

The International Monetary Fund (IMF) is projecting that Sub-Saharan Africa’s growth for 2023 will be better than advanced countries for end year 2023, despite a slow global economy growth.   “The slowdown is more pronounced in advanced economies than in...

IMF/World Bank annual meetings open in Morocco.

The 2023 annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Monday opened in Marrakech, Morocco. This is the second time that an African country is hosting the meetings of the two global finance...
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Latest News

World Leaders advocate for technology adoption to tackle healthcare challenges in Africa

World Leaders at the prestigious World Economic Forum in Davos, Switzerland, an event co-hosted by GAVI and the Ministry...
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