There is an anonymous quote that says “banks are to the economy what the heart is to the human body. They cycle necessary capital through the whole and they are barely noticed until pressure, necessity, or crises.”
Ghana’s household spending as forecasted by Fitch Solutions, is poised to rise to GHS107.8 billion in 2023, exceeding the pre-pandemic figure of GHS101.9 billion reported in 2019.
President Akufo-Addo on Friday, September 8, 2023, commissioned First Oil from the Jubilee South East (JSE) Project, a project undertaken by Tullow, in collaboration with the Ghana National Petroleum Company (GNPC), Kosmos Energy, Jubilee Oil Holdings Limited, and Petro SA.
The government has announced the successful settlement and conclusion of its alternative offer to Pension Funds bondholders regarding Ghana-denominated notes and bonds.
The Finance Minister, Ken Ofori-Atta has disclosed that the country could receive a billion dollars (US$1bn) before the turn of the year to support the central bank’s balance of payment through IMF second tranche, World Bank Development Policy Operations (DPO) assistance as well as Eurobond investors.
Government, in a bid to address the persistent financial tribulations besieging the National Investment Bank (NIB), has cast its gaze towards a potential takeover by the Agricultural Development Bank (ADB).
Government has directed Ghana Cocoa Board (COCOBOD) to bring the opening of the upcoming season 2023/2024 forward, effective Friday, September 8, 2023.
The Minister for Trade and Industry, Mr Kobina Tahir Hammond, has admonished chiefs, opinion leaders and the youth to rally behind Electrochem Salt Mining Limited to spearhead the modernization of salt mining and processing in Ghana.
From September 1, 2023 the National Petroleum Authority as a Regulator will roll-out the National Cylinder Re-circulation Model at various outlets in the Greater Accra and Ashanti Regions.
Gold Fields Limited produced 1,154,000 ounces (oz) of gold for the first half of 2023 – a 4 percent drop year-on-year (YoY) in production compared to 1,201,000oz in the same period of the previous year.
