Ghana invited holders of roughly $13 billion of its international bonds to swap their holdings for new instruments on Thursday, more than two months after reaching a preliminary restructuring agreement with two bondholder groups.
Government will increase the state-guaranteed price paid to its cocoa farmers by nearly 45% for the 2024/25 crop season, two sources with knowledge of the price review told Reuters.
Virgin Atlantic will return to Ghana for the first time since 2013, with daily flights to Kotoka International Airport in the nation’s capital, Accra, from May 2025.
Ghana will invite investors in its Eurobonds to exchange their bonds for reissued ones in the coming days, Finance Minister Mohammed Amin Adam said on Thursday, a crucial step in its protracted debt overhaul.
The Ministry of Finance has initiated a release of GH¢700million as the first tranche of a GH¢1.5billion bailout package for investors affected by the collapse of asset management companies (AMCs), which was announced during the 2024 mid-year budget review.
Finance Minister Dr. Mohammed Amin Adam has announced that Ghana’s public debt stood at ₵761.1 billion (equivalent to USD 51.1 billion) as of July 31, 2024.
The Minister of State at the Ministry of Energy, Herbert Krapa, has disclosed Ghana’s plan of achieving 10% renewable energy by 2030, which includes a 2000 MW Solar Project, scalable to 10,000MW.
The Association of Ghana Industries (AGI), Trader Advocacy Group Ghana (TAGG), and the Importers & Exporters Association of Ghana (IEAG), have thrown their weight behind the Ghana Shippers' Authority (GSA) amended law, aimed at regulating the shipping industry.
The Jospong Group of Companies (JGC), a leading conglomerate in Ghana and West Africa, has sought to establish partnerships with Indian businesses at the recently concluded 19th Confederation of Indian Industry (CII) India-Africa Business Conclave 2024, held in New Delhi from August 20 to 22, 2024.
The National Petroleum Authority (NPA) has revoked the licenses of 13 Oil Marketing Companies (OMCs) due to their failure to settle debts totalling more than GHC200 million owed to key industry regulators, including the NPA, the Ghana Revenue Authority (GRA), and the Bulk Oil Storage and Transportation Company (BOST).
Agricultural Development Bank PLC (ADB) has announced the resignation of Abena Osei-Asare, Minister of State at the Finance Ministry, as a non-executive director, effective August 7, 2024.
The Social Security and National Insurance Trust (SSNIT) has officially launched the 2024 SSNIT Mobile Service (SMS) Week in a ceremony held at the Elmina Fishing Harbour.
