The Ghana Export-Import (GEXIM) Bank says it is committed to breaking the age-long financial constraints of Small and Medium-sized Enterprises (SMEs) in Ghana through concessional loans and grants.
About GH¢1.8 billion worth of loans at relatively lower interest rates have been disbursed by the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) to 137 agribusinesses in 72 districts across 15 regions of the country in last five years.
Dr. Ernest Addison, Governor of the Bank of Ghana, has highlighted the challenges posed by elevated credit risks to the banking sector’s recovery from the Domestic Debt Exchange Programme (DDEP) during his keynote address at the 41st Annual General Meeting of the Ghana Association of Banks (GAB).
The Ministry of Finance has attributed the latest economic growth to the macroeconomic stability and growth interventions pursued under the IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG).
The Cocoa Marketing Company (CMC), Ghana Shippers’ Authority (GSA) and 17 shipping lines have agreed to a 5% increment in basic freight rate for the 2024/2025 cocoa season.
Nintendo and its partner The Pokémon Company have filed a legal case against the maker of the hit survival adventure game Palworld over alleged patent infringement.
Ghana has lost more than a third of its cocoa output for the 2023/24 season due to smuggling, according to a senior official from the Ghana Cocoa Board (Cocobod), Reuters reports.
Government has released an amount of GHC1.5 billion to continue the bailout programme to affected investors of the failed fund management companies that had their licenses revoked in November 2019.
Ghana's year-on-year inflation rate slowed slightly in August, dropping to 20.4 percent from 20.9 percent in July, according to the Ghana Statistical Service.
Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr Steve Manteaw, says investors are currently not interested in Ghana’s oil and gas sector.
One major metric used to evaluate the strength of a country’s economy is the size of the gross domestic product (GDP), which is defined as the combined value of all goods and services produced within a country in a year.
