The African Development Bank (AfDB) and Google have deepened their partnership to advance Africa’s burgeoning digital economy, as recently announced on the AfDB website.
Ghana recorded 3.2 percent in its gross domestic product (GDP) in the second quarter of this year, a year-on-year decrease of 0.3 percent, the Ghana Statistical Service (GSS) has said.
The Minority in Parliament has issued an urgent call for the government to cease its plans to utilize proceeds from the TEN oil field as collateral for a substantial $431 million loan facility from LITASCO.
Ghana retained its position in Africa as the most indebted country to the International Monetary Fund as the country’s loan to the Fund shot up by 35.3% in the second quarter of 2023.
The Vice President, Dr. Mahamudu Bawumia has said that ensuring macroeconomic stability by West African states is key to realising the long-standing dream of achieving a single currency for the Sub-region.
The Deputy Minister for Lands and Natural Resources responsible for Mining, George Mireku Duker has urged mining companies in the country to avail themselves for investment opportunities as the government is ever-ready to assist them secure investment.
The Ministry of Trade and Industry has suspended the construction of new factories for the manufacturing and bagging of portland cement in Ghana, effective September 13, 2023.
The Jospong Group of Companies (JGC) has signed a memorandum of understanding (MoU) with a Nigerian investment holding company, EGTA Investment Limited, to work together exclusively on identifying relevant experts, rice farmers and value chain players through EGTA to support the Jospong Rice project in Ghana – spearheaded by the Asian-African Consortium (AAC).
There is an anonymous quote that says “banks are to the economy what the heart is to the human body. They cycle necessary capital through the whole and they are barely noticed until pressure, necessity, or crises.”
Ghana’s household spending as forecasted by Fitch Solutions, is poised to rise to GHS107.8 billion in 2023, exceeding the pre-pandemic figure of GHS101.9 billion reported in 2019.
