Group of Seven policymakers must recognize the urgent need to tackle debt problems in developing nations and should discuss ways to bring more transparency to the issue, World Bank President David Malpass said.
Ghana, the world’s second-largest cocoa producer, has reported a remarkable 18% increase in the purchase of graded and sealed cocoa beans since the start of the 2022/23 season, compared to the same period during the previous cocoa year.
Africa will need more than $700 billion in finance over the next decade to develop renewable power and mines to extract the metals required for the green energy transition, according to Standard Bank Group Ltd.
Crude oil prices were once again on the decline today in Asian morning trade, extending a slip that began yesterday after the American Petroleum Institute surprised markets by estimating an inventory build in both crude and gasoline.
Dean of the University of Cape Coast Business School, Professor John Gatsi, has said fiscal dominance by the government is the biggest problem facing the execution of monetary policy by the Central Bank and by extension the management of the Ghanaian economy.
Canadian mining company Asante Gold has announced that it has entered into a confidentiality agreement with Fujairah Holding LLC, a UAE-based holding company, in connection with an unsolicited expression of interest to acquire all of the company’s outstanding common shares not held by Fujairah.
The cocoa industry has experienced its second reversal in farmgate prices over the past five mid-seasons due to global developments, says the March 2023 Cocoa Market Report by the International Cocoa Organisation.
China is at a impasse in terms of restructuring debts owed to it by developing nations in distress even after the World Bank made additional efforts to provide ultra-low interest loans and grants to those countries, the anti-poverty lender’s chief said Monday.
Economist and Professor of Finance at the University of Ghana Business School (UGBS) has remarked that monetisation of government’s budget deficit by the Bank of Ghana is undermining the effectiveness of its own monetary policy.
Unemployed young people, women, existing MSME’s owned by school dropouts, and persons with disabilities are to be given help to start up in business through an intervention dubbed YouStart Ghana Jobs and Skills Project.
