Monday, May 20, 2024

BUSINESS

Atlantic Lithium Completes US$5 million Subscription on MIIF of Ghana

Atlantic Lithium the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce that, in line with the non-binding Heads of Terms (“Strategic Investment”) announced on 8 September 2023, the Minerals Income...

Businesses are suffering; reduce policy rate to support them (GNCCI to BoG).

The Ghana National Chamber of Commerce and Industry (GNCCI) is calling for a reduction in the policy rate to support business growth. The Monetary Policy Committee (MPC) of Bank of Ghana is presently meeting to review developments in the Ghanaian...

IMF expects revenue to underperform target and expenditure to overshoot target

The International Monetary Fund expects revenue to underperform the Ghana Government target by 0.1% of Gross Domestic Product in 2024, while expenditure overshoots the target by a similar margin. The Fund is forecasting a budget deficit of 5.0% for Ghana...

Excessive heat causes outages (ECG).

The Electricity Company of Ghana (ECG) has explained that the excessive heat waves being experienced in some parts of the country were impacting their efficient service of power supply. It said due to the high ambient temperature at this time...

Cement manufacturers urged to publicise recommended retail prices

The Ministry of Trade and Industry (MoTI) and the Chamber of Cement Manufacturers, Ghana (COCMAG) have reached a consensus to release the recommended distribution and retail prices for different grades of cement within their designated distribution zones. There was a...

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...

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...
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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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