Business

Take control of African economies – Ofori-Atta to AfDB

May 24, 2022

Finance Minister, Ken Ofori-Atta, has charged the African Development Bank to change the narrative where other financial institutions like the Bretton Woods have taken control of development on the African continent. According to him, the AfDB which is the largest financial institution on the continent must strengthen itself to take control of financing in the […]Continue Reading

Business

Emirates scouts the world for cabin crew talent with 30 city stops over next 6 weeks

May 24, 2022

Emirates Airlines is seeking talented people with a passion for service to join its “award-winning” cabin crew team. As air travel returns with a vengeance, the airline’s recruiters are busy meeting and hiring candidates in 30 cities from now until the end of June. In this latest drive, Emirates’ teams will travel from Australia to […]Continue Reading

Business

We’ll increase investment in irrigation facilities to cocoa farms – COCOBBOD CEO

May 24, 2022

  Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo has given the firm assurance that his outfit will increase investment in irrigation facilities to cocoa farms nationwide to address the impact of climate change on cocoa farms. The International Cocoa Organisation’s monthly report for April 2022, has forecasted cocoa production for […]Continue Reading

Business

Minerals Income Investment Fund to invest in lithium and salt

May 24, 2022

The Minerals Income Investment Fund (MIIF) plans to invest in lithium and salt as part of its investment plans for 2022, Chief Executive Officer, Edward Nana Yaw Koranteng has told investors and delegates on the sidelines of the Mining Indaba recently held in Cape Town, South Africa. MIIF told the biggest mining investment event in […]Continue Reading

Business

BoG increases policy rate to 19%, cost of credit to go up

May 24, 2022

  The Monetary Policy Committee of the Bank of Ghana has for the second consecutive time increased the Policy Rate – the rate at which it lends to commercial banks by 200 basis points to 19%. This was announced by the Governor, Dr. Ernest Addison at a press briefing today, May 23, 2022. The increase […]Continue Reading

Business

Ghana’s debt stock hits ¢391.9bn

May 23, 2022

Ghana’s total debt stock has hit GH¢391.9 billion, data from the Bank of Ghana indicate. According to the central bank, the country’s debt stock stood at US$ 55.1 billion as of March 2022. Even though it dropped by $3 billion in the first quarter of 2022 from $58.4 billion in January to $55.1 billion in […]Continue Reading

Business

Mantrac Ghana unveils solar power installation at Fanmilk Kasoa depot

May 23, 2022

  Mantrac Ghana Limited has commissioned a 250-kilowatt solar power facility at the Fanmilk depot in Kasoa, Awutu Senya East Municipality of the Central Region. According to the Sales Development Manager, Andrey Pata, they were able to complete the project in roughly one month which is according to the schedule for the average-sized project. He […]Continue Reading

Business

Government partners private companies to mine abandoned iron ore in Oti Region

May 23, 2022

Ghana’s iron ore and steel industries are set to receive significant boosts following the initiative by the government, and some potential investors to mine an abandoned ore reserve in the Oti Region. The reserve, which holds about 500 million tonnes of iron ore, will boost steel production in the country and also provide several direct […]Continue Reading

Business

Cedi depreciation pushes Ghana’s debt to over GH¢390 billion in April; 78% of GDP

May 23, 2022

Recent data released by the Bank of Ghana put Ghana’s total public debt stock, as of March 2022, at US$ 55.1 billion or GH¢391.9 billion. In Dollar terms, the debt dropped by over $3 billion in the first 3 months of the year, from $58.4 billion in January to $55.1 billion in March. In Cedi […]Continue Reading

Business

BoG Governor confident inflation has peaked; expects rate to start declining

May 20, 2022

Governor of the Bank of Ghana, Dr. Ernest Addison, has described as baffling the sustained rise in the rate of inflation in the country. According to the governor, the Monetary Policy Committee, which is meeting to review developments in the economy, will need to decide on the current policy rate, which stands at 17%. The […]Continue Reading