The Electricity Company of Ghana (ECG) has signed a Power Purchase Agreement (PPA) with AKSA Energy Company Limited for a 205MW (ISO) Thermal Power Plant.
Chief Operations Officer at Dalex Finance Joe Jackson has stated the likely reasons for the Cedi’s 13.95% (GHS 12.55 to GHS 10.80) remarkable appreciation rate against the Dollar in the last one month.
Ghana is poised to secure approval from the International Monetary Fund’s board for a $3 billion bailout prior to restructuring its Eurobonds, according to people with knowledge of the matter.
Ghana hopes to take a big step towards restructuring its $58bn-worth of debt this week, with its bilateral creditors meeting on Tuesday to discuss whether to provide enough relief to unlock a $3bn IMF bailout.
Asante Gold, a Canadian mining company, has announced additional results from its ongoing exploration drilling program at the Aboduabo prospect located on the Bibiani – Chirano mines corridor in the Sefwi Greenstone Belt of Ghana.
The International Monetary Fund (IMF) chief, Kristalina Georgieva, has urged China to quicken its pace towards debt restructuring agreements for several countries, including Zambia, Ghana, and Ethiopia.
Africa’s private sector has over the past few years often lamented that, the low zeal in engaging in intra-continental trade is a result of a lack of faith in the available transportation systems.
The global economy is set to grow at roughly 3% over the next five years - the slowest pace since 1990, the head of the International Monetary Fund has said.
The non-bank sector now accounts for half of the assets of the entire world financial system and should be more closely regulated to protect its stability, staff economists from the International Monetary Fund (IMF) said on Tuesday.
Ghana has declared intentions to maximise gains from the African Continental Free Trade Agreement (AfCFTA) through strengthening of commercial ties with Kenya.
