Sunon Asogli Power (Ghana) Limited has announced the shutdown of its 560MW power plant due to the Electricity Company of Ghana’s (ECG) failure to meet overdue payment obligations.
The World Bank voted on Tuesday to change its internal lending guidelines, freeing up $30 billion in additional lending capacity over the next decade to help developing countries and emerging markets grapple with climate change and other global challenges, World Bank President Ajay Banga told Reuters NEXT.
Global ratings agencies, Fitch and Moody’s have sparked confidence in Ghana’s Long-Term Local-Currency (LTLC), raising the country’s credit ratings from the previous ones.
Google has signed a deal to use small nuclear reactors to generate the vast amounts of energy needed to power its artificial intelligence (AI) data centres.
The world’s 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks, a new World Bank report showed on Sunday.
The first Deputy Governor of the Bank of Ghana (BoG), Dr Maxwell Opoku-Afari, has called for policies to stimulate savings and investment in the economy, describing borrowing as an “unsustainable” way of development.
The Bank of Ghana (BoG) has directed Daasebre Akuamoah Agyapong II, the Board Chairman of the Agricultural Development Bank (ADB), to step down from his position with immediate effect.
Ghana has been selected to host the 30-year-old African Oil Week (AOW) conference, networking, and exhibition outside its long-time traditional venue, Cape Town in South Africa in September 2025.
The Deputy Commissioner General of the Ghana Revenue Authority (GRA), Ms Julie Essiam, has stated that the introduction of the CitizenApp will significantly reduce bureaucracy, shorten waiting times and empower citizens with vital information and services.
The Ghana Enterprises Agency (GEA) has supported some 270 micro, small and medium-scale enterprises (MSMEs) with a GH₵28,339,752 grant under the Ghana Economic Transformation Programme (GETP) funded by the World Bank.
Creditors of the collapsed cryptocurrency exchange FTX are poised to receive up to $16.5bn (£12.6bn) under a bankruptcy plan approved in the US on Monday.
At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with mercury, pull out rocks with bare hands and operate a rickety sluice as they search for the precious ore.
The Cocoa Carriers Association has instructed its members at the Tema, Takoradi, and Kumasi depots of the Cocoa Marketing Company Limited (CMC) to begin an indefinite sit-down strike today, Monday, October 7, 2024.
