Ghana aims to secure $1.7 billion in loans and other support from the African Export-Import Bank (AFREXIM) before the end of the year, Minister of State at the Ministry of Finance, Abena Osei Asare, has disclosed.
In a move to transform Ghana’s energy sector, the Government of Ghana has signed a US$12 billion agreement with TCP-UIC Consortium which comprises Touchstone Capital Group Holdings Ltd., UIC Energy Ghana Ltd., China Wuhan Engineering Co. Ltd., and China Construction Third Engineering Bureau Co. Ltd for the development of the first phase of the Petroleum Hub project in the Jomoro Municipal Area in the Western Region.
Bulk Oil Distribution Companies (BDCs) secured $20 million through the Bank of Ghana’s (BoG) forex forward auction, conducted at a rate of GHS 15.05 per US dollar.
The World Bank and Solidaridad West Africa (SWA) – leading implementation agency for Ghana signed a grant agreement for a US$4 million project to boost social inclusion in the sharing of benefits generated within the Ghana Cocoa Forest Reducing Emissions from Deforestation and Forest Degradation (REDD+) Program (GCRP).
The former Chief Executive of COCOBOD, Dr. Stephen Kwabena Opuni has flatly dismissed allegations by his successor, Joseph Boahen Aidoo that COCOBOD was facing significant financial challenges when he (Boahen Aidoo) assumed office in January 2017.
The World Bank has approved a $250 million credit from the International Development Association (IDA) and a $10 million grant from the Energy Sector Management Assistance Programme for a 4-year Ghana Energy Sector Recovery Programme for Results (PforR).
Ghana's governement has clinched a deal with its official creditors to formalize the debt treatment plans agreed upon in January, according to a statement from the Ministry of Finance on Wednesday.
Abena Osei-Asare, Minister of State is leading Ghana’s delegation to attend the 2024 Africa Export-Import Bank (Afreximbank) Annual Meetings and the 3rd African-Caribbean Trade and Investment Forum (ACTIF2024) taking place in Nassau, Bahamas from 12th to 15th June, 2024.
The world's second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to poor crops, five sources told Reuters in a further worsening of the outlook for the global chocolate industry.
Inflation for May 2024 has dropped significantly to 23.1%, down from 25.0% in April 2024, representing a 1.9 percentage point decrease between April and May 2024.
