Tag
GHANA
News and analysis about Ghana
Ghana's President Nana Akufo-Addo has announced a cabinet reshuffle, relieving Finance Minister Ken Ofori-Atta of his duties.
In a surprising move, the Monetary Policy Committee of the Bank of Ghana has cut Ghana’s benchmark interest rate by 100 basis points, from 30% to 29%.
The World Bank Group has given the approval for a $300 million funding package aimed at bolstering Ghana's economy
As part of the debt restructuring deal with its official creditors, the Ghanaian government has secured a moratorium until May 2026 from its official creditors.
Ghana anticipates receiving $1.15 billion in funding from the International Monetary Fund and the World Bank by the end of February as bilateral creditors approach an agreement on the terms of a debt restructuring.
Cocoa prices have seen strength due to cocoa supply concerns this year amid Nigeria’s dwindling cocoa output. LIFFE Cocoa futures at the time of writing traded in London for GBP 3,557 per ton has a year-to-date of 72.4% and it is not far from its 52-week high of GBP 3,634 per ton.
Ethiopia joined Ghana and Zambia as Africa’s latest defaulter after it failed to make interest payment of $33 million on its $1 billion bond.
The Government of Mauritius is extending scholarships to eligible students who are citizens residing in member states of the African Union or African Commonwealth countries.
Nigeria’s Gas Minister, Ekperikpe Ekpo has scheduled Nigeria-Morocco gas pipeline construction for 2024.
As part of efforts to facilitate and encourage increased arrivals to Ghana during the festive season, the Government of Ghana has authorised Non Pre-Approval Visa on Arrival for tourists visiting Ghana from December 1, 2023, to January 15, 2024.
Nigeria, Ghana, South Africa, and other countries at the UN have voted to take a greater role in international tax matters.
Ghana is looking to borrow $400 million from cocoa traders to keep its cocoa industry running smoothly.