Former President John Mahama has said he will restore banking licenses of banks whose licenses were revoked due to their inability to meet the Bank of Ghana’s (BoG) GHS 400m capital requirement.
The Bank of Ghana (BoG) has reiterated its commitment to pursuing policies aimed at achieving stable inflation levels, in line with its medium-term target of 8 percent.
Ghana’s gold production saw a modest rise in 2023, climbing from 3.7 million ounces in the previous year to 4 million ounces, according to the Ghana Chamber of Mines.
Ghana and its official creditors have finalised core issues on a debt rework and will sign a draft memorandum of understanding very soon, two sources told Reuters, a key step required to access more International Monetary Fund financing.
CEO of the National Pensions Regulatory Authority (NPRA), John Kwaning Mbroh, has made assurances regarding the future stability of the Social Security and National Insurance Trust (SSNIT).
Actors within Ghana’s and more extensively, Africa’s export sector are being urged to devote all their efforts into adding value to their products and services in order to optimize gains in revenue generation.
Ghana’s eurobond holders need to take more losses as the nation works to restructure debt to match payment cuts accepted by countries such as the UK and China, social-justice organizations said.
A group of investors in Credit Suisse Group AG bonds that got wiped out when UBS Group AG rescued the bank in a Swiss government-brokered deal are suing the European country in a US court.
Ghana in 2023 earned some $1.77bn from non-traditional exports (NTEs) to various Regional Economic Communities (RECs) on the Continent under the Africa Continental Free Trade Area (AfCFTA) agreement.
The value of securities listed on the Ghana Stock Exchange (GSE) has soared past the GH¢400billion mark, equivalent to approximately US$27billion according to latest data from the bourse.
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).
