The government has launched a GH₵100 million grant funding initiative for training and capacity upgrading of high-growth Micro, Small and Medium-Scale Enterprises (MSMEs) owned by women and young persons.
Ghana expects the International Monetary Fund to approve a first loan tranche of $600 million as soon as Wednesday, paving the way for disbursement within a week, Minister of State in the Finance Ministry Mohammed Amin Adam told Reuters on Sunday.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has welcomed the statement from the Official Creditor Committee for Ghana, signalling the importance of an IMF-supported economic programme.
The Ministry of Lands and Natural Resources in collaboration with the Ghana Chamber of Mines and the Securities and Exchange Commission, is set to list large-scale mining companies on the Ghana Stock Exchange.
Ghana’s official creditors are poised to grant financing assurances and form a committee co-chaired by France and China – key steps for the nation to secure a US$3 billion International Monetary Fund (IMF) loan, sources told Reuters.
The Bank of Ghana (BoG) has stated that it is still focused on its retail central bank digital currency (CBDC) – the e-Cedi – despite the challenges posed by the current economic difficulties and the engagement with the International Monetary Fund (IMF).
Surfline, which prides itself as Ghana's first 4G LTE company that offers fast and reliable internet services, has been hit by serious financial difficulties leaving customers in limbo.
Group of Seven policymakers must recognize the urgent need to tackle debt problems in developing nations and should discuss ways to bring more transparency to the issue, World Bank President David Malpass said.
Ghana, the world’s second-largest cocoa producer, has reported a remarkable 18% increase in the purchase of graded and sealed cocoa beans since the start of the 2022/23 season, compared to the same period during the previous cocoa year.
