Moody’s Investors Service (Moody’s) has upgraded Ghana’s local currency long-term issuer rating from Ca to Caa3, and the stable outlook has been maintained.
Ghana recorded a 32% increase in gold production last year, enabling it to win back the top spot from South Africa as the largest gold producer on the continent, the president of the mines chamber said on Friday.
The Government has demonstrated its ability to attract investor interest by surpassing its target in the recent treasury bill auction held on Friday, June 9, 2023. Despite achieving this feat, the government had to contend with high average interest rates, highlighting the cost associated with raising funds through the auction.
Proceeds from Ghana’s mineral exports saw a notable increase in 2020, reaching US$6.998 billion, according to the 2022 Extractive Industries Transparency Initiative (EITI) Mining & Oil and Gas report.
Vice President Dr. Mahamudu Bawumia says Ghana's economic opportunities for private sector investors are back on track as the country is navigating its way out of the global economic meltdown.
In a challenging week for the Ghana Stock Exchange, both the GSE-Composite Index and the GSE-Financial Stocks Index experienced declines, marking the third consecutive week of benchmark index retrogression.
A plan by government dubbed the ‘Ghana Mutual Prosperity Dialogue’ that will provide a platform to identify and prioritise private sector participation and court investments into the country as part of economic recovery is expected to be outdoored soon, Finance Minister, Ken Ofori-Atta has disclosed.
Pierre Frank Laporte, the World Bank (WB) Country Director to Ghana, says Ghana’s energy sector debt is a major contributor to the country’s debt woes.
