iPhone maker Foxconn is betting big on electric cars and redrawing some of its supply chains as it navigates a new era of icy Washington-Beijing relations.
The Ministry of Trade and Industry, has revealed that 48 and not 60 companies, have received a total disbursement of 14 million Ghana Cedis through the One District One Factory (1D1F) Initiative, facilitated by the Ghana Exim Bank.
Moody’s Investors Service (Moody’s) has upgraded Ghana’s local currency long-term issuer rating from Ca to Caa3, and the stable outlook has been maintained.
Ghana recorded a 32% increase in gold production last year, enabling it to win back the top spot from South Africa as the largest gold producer on the continent, the president of the mines chamber said on Friday.
The Government has demonstrated its ability to attract investor interest by surpassing its target in the recent treasury bill auction held on Friday, June 9, 2023. Despite achieving this feat, the government had to contend with high average interest rates, highlighting the cost associated with raising funds through the auction.
Proceeds from Ghana’s mineral exports saw a notable increase in 2020, reaching US$6.998 billion, according to the 2022 Extractive Industries Transparency Initiative (EITI) Mining & Oil and Gas report.
Vice President Dr. Mahamudu Bawumia says Ghana's economic opportunities for private sector investors are back on track as the country is navigating its way out of the global economic meltdown.
In a challenging week for the Ghana Stock Exchange, both the GSE-Composite Index and the GSE-Financial Stocks Index experienced declines, marking the third consecutive week of benchmark index retrogression.
