Ghana’s Finance Minister has stepped up engagement with key financial institutions, holding a crucial dialogue with 22 banks to deliberate on the government’s Domestic Debt Exchange Programme (DDEP), Treasury Bills, …
Ghana
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AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyFinance & ServicesGhanaGOVERNMENTWestern Africa
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AfricaAFRICA NEWSEconomyFinance & ServicesGhanaGOVERNMENTWestern Africa
IEA Criticises Ghana’s 2025 Budget Revenue Projections as ‘Unambitious’
The Institute of Economic Affairs (IEA) has taken a swipe at Ghana’s proposed 2025 budget projections, describing the 16.1% revenue-to-GDP target as weak and far from ambitious. In a statement …
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AfricaAFRICA NEWSGhana
Ghana to conduct maiden all-encompassing business census in October
by Editorby EditorThe Ghana Statistical Service (GSS), will in October 2023 conduct the country’s first all-encompassing business census to generate comprehensive data on all businesses and their characteristics. Unlike previous censuses that …
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AFRICA NEWSGhanaWestern Africa
Ghana government set to privatize Cocoa Processing Company after $163m loss and 16 other SEOs
by Editorby EditorThe Ghana government has hinted of entering a public-private partnership to turn around the fortunes of some 17 State-Owned Enterprises, including the Cocoa Processing Company (CPC). Although the names of …
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AfricaAFRICA NEWSGhanaSpotlight
Ghana faces rude awakening as tide of cheap money recedes
by Editorby EditorWhen Ghana’s President Nana Akufo-Addo took to the airwaves in October to assure investors that their money was safe, it was only natural for them to smell trouble ahead. This …
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BusinessEconomyGhanaMarketsMobile Telecommunications Network (MTN)Technology
MTN Ghana to deactivate quarter of it’s subscriber’s SIM cards on Thursday
MTN Ghana, which is Africa’s largest mobile operator’s third-most lucrative market, is bracing for the potential deactivation of a quarter of its subscriber’s SIM cards on Thursday, as it looks …
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AFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaMobile Telecommunications Network (MTN)
MTN Ghana to increase service revenue by a quarter
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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AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
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, …