MTN’s Mobile Money (MoMo) service in Ghana is taking a hit from the introduction of a levy on electronic transfers which came into effect in May, with revenue from person-to-person …
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AFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaMobile Telecommunications Network (MTN)
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World Bank classifies Ghana as high debt distressed country, projects debt to GDP of 104%
The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6 per cent by the end …
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AfricaAFRICA NEWSBusinessEconomyEnergyGhanaWestern Africa
Ghana to leverage lithium discovery to manufacture solar batteries
The Ghanaian government intends to leverage the current discovery of lithium in parts of the country for the manufacturing of solar batteries. This is in line with the National Energy …
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Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa2 from Caa1 and placed the ratings on review for downgrade. The rating downgrade to Caa2, …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessGhanaNewsWestern Africa
Absa Bank and MasterCard Foundation to grant ¢2.5m to Fintech/Agritech Startups
Absa Bank Ghana has announced a ¢2.5 million grant to support businesses in the Fintech and Agritech industry. The initiative is part of the Absa Young Africa Works programme, in …
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AfricaAFRICA NEWSAgricultureBusinessGhanaNewsWestern Africa
Ghana, Korea $8 million rice project kicks off in Assin North
The Ministry of Food and Agriculture (MoFA), in collaboration with the Korea International Cooperation Agency (KOICA) and the Assin North District Assembly, has introduced some agricultural equipment to boost rice …
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AfricaAFRICA NEWSBusinessChipperFinance & ServicesGhanaNewsNigeriaTechnologyWestern Africa
Chipper Cash gets Bank of Ghana approval for US remittances
Chipper Cash, an African cross-border payments company, has received authorization from the Bank of Ghana (BoG) to provide remittance services from the United States of America to the country. The …
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AfricaAFRICA NEWSBusinessGhanaNewsWestern Africa
Ghana’s return to capital market may take 3 years due to impact of downgrades
Ghana’s return to the International Capital Market may not materialise anytime soon due to the negative impact of downgrades on its economy by international rating agencies, Finance Minister, Ken Ofori-Atta …
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AfricaAFRICA NEWSBusinessEconomyGhanaNewsOil & GasWestern Africa
Ghana records $731m from oil production in H1, 2022
Ghana earned a total of over $731.94 million from oil production in the first half of 2022. This earnings came from the three fields namely, Jubilee, TEN and Sankofa Gye …
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AfricaBusinessEconomyGhanaNewsWestern Africa
Ghanaian businesses given ultimatum to change auditors serving for more than 6 years
The Registrar of Companies, Jemima Oware, has given a directive to all companies in Ghana to change their auditors who have served for more than six years. The directive which …