Ghana has lost more than a third of its cocoa output for the 2023/24 season due to smuggling, according to a senior official from the Ghana Cocoa Board (Cocobod), Reuters reports.
Government has released an amount of GHC1.5 billion to continue the bailout programme to affected investors of the failed fund management companies that had their licenses revoked in November 2019.
Ghana's year-on-year inflation rate slowed slightly in August, dropping to 20.4 percent from 20.9 percent in July, according to the Ghana Statistical Service.
Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr Steve Manteaw, says investors are currently not interested in Ghana’s oil and gas sector.
One major metric used to evaluate the strength of a country’s economy is the size of the gross domestic product (GDP), which is defined as the combined value of all goods and services produced within a country in a year.
AngloGold Ashanti Ltd. agreed to buy Centamin Plc in a deal that values the gold miner at about £1.9 billion ($2.5 billion), as soaring prices for the precious metal drive producers to seek expansion.
At the 9th Forum on China-Africa Cooperation (FOCAC) High-Level Meeting in Beijing on September 5, 2024, President Nana Addo Dankwa Akufo-Addo highlighted the critical need for China-Africa collaboration in industrialization, agricultural modernization, and green development.
At the China-Ghana Business Forum in Shenzhen, China, on September 7, 2024, President Nana Addo Dankwa Akufo-Addo made a compelling case for increased Chinese investment in Ghana.
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.
