Ghana has secured a major financial boost for its development aspirations, inking a US$2 billion framework arrangement with South Korea’s Economic Development Cooperation Fund (EDCF).
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of Bahrain, welcomed Ghana’s Senior Presidential Advisor and Special Envoy for International Finance and Private Sector Investments, Ken Ofori-Atta at the Gudaibiya Palace in Bahrain on Tuesday, June 4, 2024.
The Bank of Ghana (BOG) has disclosed that as of December 31, 2023, the consolidated capitalised cost incurred on the Gold for Oil (G40) operations was GH¢2.43 billion.
Five hundred and eight thousand (508,000) public and private business entities are to be struck off the register of the Office of the Registrar of Companies (ORC) by the end of June 2024.
In its 2023 Annual Report, the Bank of Ghana reveals a significant deficit, with total liabilities surpassing assets by GH₵65.36 billion, representing an increase from the previous year’s GH₵54.52 billion deficit.
The World Bank has approved a $250 million International Development Association (IDA) credit for Ghana’s Financial Stability Project, spanning five years.
An essential good with major economic significance is African palm oil. The African palm oil sector may prosper and improve the lives of people and the environment at the same time by adopting sustainable methods and tackling these issues.
The Institute for Energy Security (IES) says it anticipates an increase in fuel prices in the first-half of June 2024, on account of the worsening performance of the Cedi.
Africa is home to vast and abundant reserves of natural resources, with resources ranging from black gold popularly known as oil to large reserves of cobalt, found all across the mineral-rich lands of the Congo.
Dean of the University of Cape Coast Business School, Prof John Gatsi, has described as ‘desperate’ the Central Bank’s warning to speculators that they would regret betting against the cedi.
