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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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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AfricaBuildingEconomyGhanaNewsWestern Africa
Too early to speculate on Ghana’s debt restructuring, says IMF
The International Monetary Fund (IMF) has cooled speculations that Ghana is poised to start talks on the restructuring of its debt as part of plans to secure a $3 billion …
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Ghana conducts oil and gas roadshow in Texas to attract investors
The Petroleum Commission together with upstream players, GNPC, GOIL, and Base Energy under the leadership of the Minister for Energy, Dr. Matthew Opoku Prempeh is in Houston, Texas, United States …
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Ghana began talks with the International Monetary Fund on Monday for an IMF-supported lending programme, the government said in a statement, in a bid to reduce economic hardship that spurred …
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AfricaBusinessGhanaNewsOil & GasWestern Africa
Ghana commences decommissioning of Saltpond Oil Field
The Ghana National Petroleum Commission (GNPC) is set to commence the technical decommissioning of the Saltpond Oil Field in the Central Region. The decommissioning which was announced in 2016 was …
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Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. This is the second time …
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AfricaEconomyGhanaNewsWestern Africa
Sovereign debt default ‘a real possibility’ for Ghana, says Fitch director
Sovereign debt default is “a real possibility” for Ghana, and any kind of domestic debt restructuring could severely threaten the local banking sector, a senior director from the ratings agency …
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AfricaAFRICA NEWSBusinessEconomyGhanaINVESTMENTNewsWestern Africa
Ghana, Finland sign framework agreement
Ghana and Finland have signed a framework agreement on projects to be funded under Finland’s Public Sector Investment Facility (PIF) Scheme. The agreement was signed on Monday on the margins …