Ghana’s economic prospects are increasingly promising, with Fitch Solutions forecasting growth to accelerate from 2.9% in 2023 to a three-year high of 5.5% in 2024.
In a situation where an African country has a large Total IMF Credit Outstanding, it indicates that the government borrowed significant financial resources from the International Monetary Fund (IMF) and is yet to repay.
The Public Utilities Regulatory Commission (PURC) has issued a firm rebuttal of recent media reports, which it said inaccurately suggested the Commission was solely responsible for the Electricity Company of Ghana’s (ECG) potential bankruptcy status.
The Bulk Energy Storage and Transportation (BOST) has initiated a four-day training programme for its technical and mechanical staff across all depots, aligning with its broader strategy to enhance operational efficiency nationwide.
The Government has reaffirmed its commitment to settle outstanding claims with Trafigura’s Ghana Power Generation Company (GPGC), following the unauthorised circulation of a letter that suggested delays in the process.
Ghana recorded a trade surplus of GH¢5.4 billion in the second quarter of 2024, according to the latest data from the Ghana Statistical Service, a marked reversal from the GH¢3.1 billion deficit recorded during the same period last year.
The Ghana Institute of Freight Forwarders (GIFF), the Association of Customs House Agents of Ghana, Freight Forwarders Association of Ghana, and the Customs Brokers Association of Ghana, in collaboration with several trade associations and manufacturers are demonstrating against what they describe as exploitative practices by shipping lines operating in the country.
The bilateral trade volume between China and Ghana in the first half of 2024 reached nearly $ 6 billion, an increase of 13.3 per cent the previous year.
