Friday, January 31, 2025

Business

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...

Airlines cancel or delay flights to Israel as fighting continues.

Major airlines around the world have cancelled flights to Israel or warned of travel disruption as the security situation deteriorates. Three US carriers, as well as Air France, Lufthansa and Emirates, have suspended services to Tel Aviv. Virgin Atlantic warned of...

Oil prices rise following Hamas attack on Israel.

Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the international benchmark, climbed by $2.25 a barrel to $86.83, while US prices also rose. Israel and Palestinian territories...

Tema Oil Refinery Board rejects staff allegations.

The Board of Directors of the Tema Oil Refinery (TOR) has rejected allegations levelled against it by the refinery’s staff. In a statement issued by the Board in response to the call by the General Transport, Petroleum, and Chemical Workers...

Digital Cedi holds potential to be global leader — Fintech expert.

An international financial technology (Fintech) expert, Jason Marshall, has said Ghana’s digital currency yet to be fully rolled out holds the potential to become the leading central bank digital currency (CBDC) in the world. He explained that the introduction of...

Ghana’s Economy Experiencing Turnaround – IMF.

Ghana’s economy is experiencing a rapid turnaround, according to the International Monetary Fund (IMF). The Fund confirmed that macro-economic stability is being experienced, while international reserves are also increasing at a steady pace. The announcement was made by the Fund’s Chief...

How the Bank of Ghana lost $5bn in one year – BBC Report.

Ghana - once touted as a trailblazing African economic success story - is facing an unprecedented financial crisis. This week, hundreds of protestors took to the streets in the capital Accra, calling on the governor of the Bank of Ghana...

India, Ghana Committed To Strengthening Partnership.

Senior Official of the India High Commissioner to Ghana, Cd’A, S. Chinpau Ngaihte has reaffirmed the country’s commitment to strengthening its economic, cultural, and multilateral-level partnerships, with the government of Ghana for mutual benefit. Mr. Ngaihte indicated that Ghana shares...
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