Ghana’s economy grew 4.2% year-on-year in the first quarter of 2023, compared with a growth rate of 3.7% in the previous quarter, the Ghana Statistical Service (GSS) disclosed on Wednesday.
Ghana aims to exempt loans from the African Export & Import Bank (Afreximbank) from being restructured, finance minister Ken Ofori-Atta said, as the country seeks new terms on $20 billion in external debt and recovery from a deep economic crisis.
The board of directors of the African Development Bank (AfDB) has approved a US$23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western Takoradi port.
President Akufo-Addo has called on African leaders to prioritize the establishment of strong financial institutions to foster development across the continent.
The African Export-Import Bank (Afreximbank) has invested US$6 billion to strengthen Africa’s food security prospects due to climatic changes and heightened geo-political influence.
President Akufo-Addo has enjoined key stakeholders on the continent, including the Bank of Ghana (BoG), to grow the capital base of the African Export-Import Bank (Afreximbank) – describing the bank as crucial for the continent’s economic prosperity.
Ghana’s Finance Minister Ken Ofori-Atta has announced that the government is set to receive approximately $6.2 billion from its multilateral partners between 2023 and 2026.
In a disappointing turn of events, the Government of Ghana faced a setback as it missed its target in the auction of its 91, 182, and 364-day treasury bills on Friday, June 16, 2023.
Ghana’s Finance Minister, Ken Ofori-Atta has reaffirmed his ministry’s unwavering commitment to collaborating with partner countries to implement crucial reforms and achieve the outlined goals of the International Monetary Fund (IMF) program.
The biggest mobile money operator in Ghana, MobileMoney Limited (MTN MoMo) says it is currently working on implementing a self-service option for customer wrong transfer reversals.
The Ghana Revenue Authority (GRA) has projected a total tax revenue of GHS 455 million to be mobilized in 2023 from Sugar Sweetened Beverages (SSBs), alcohol, and tobacco.
