the second review of Ghana’s $3 billion extended credit facility programme is expected to be tabled before the IMF Board before the end of June.
Economy and Finance
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Economy and FinanceFeaturesLifestyleNewsPolitics
$335m tax waivers: minority fears of ‘organised crime traps’.
by Adnan Adamsby Adnan AdamsIn 2021, the Ministry of Finance initiated efforts to secure approximately $335 million in tax exemptions for these companies, part of the 1D1F initiative.
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Economy and FinanceLifestyleNews
Spending beyond the budget worsening Cedi woes and likely to derail IMF Program – Minority .
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Minority Caucus in Ghana’s Parliament has raised concerns over the government’s recent borrowing of GH¢7 billion from the treasury bills market to cover expenses outside …
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Economy and FinanceLifestyleNewsTechnology
Ghana awaits $200m from ECOWAS Bank.
by Adnan Adamsby Adnan AdamsThe USD 200 million injection is intended to stimulate the growth of Small and Medium Enterprises (SMEs) in critical sectors of the economy, foster job creation, innovation, and sustainable development.
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Economy and FinanceFeaturesNewsTechnology
IMF approves SDRs for Hybrid Capital Instruments.
by Adnan Adamsby Adnan AdamsThe new instrument offers the opportunity to lend at least US$4 for every US$1 equivalent of SDRs, through the African Development Bank and, the Inter-American Development Bank, and other Multilateral …
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Agric and EnvironmentEconomy and FinanceLifestyleNews
The diring situation of Ghana’s cocoa sector.
by Adnan Adamsby Adnan AdamsLast week, the Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, disclosed that the Board has refunded $250 million it acquired from the African Development Bank for …
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Economy and FinanceFeaturesNews
Cedi stability: confident low as depreciation surges over 13%.
by Adnan Adamsby Adnan AdamsKey stakeholders of forex trade are sceptical as to how soon the cedi will strengthen against the major international trading currencies (US dollar, Euro and Pounds Sterling) as current rate …
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Economy and FinanceLifestyleNews
Cedi depreciation worsens by Elorm Desewu.
by Adnan Adamsby Adnan AdamsThe Bank of Ghana, (BoG), is expecting US$200million as the second tranche of the cocoa syndicated loan as well as US$360 from the IMF to help stem the speed depreciation …
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Nominations announced for the African Banker Awards 2024
by Adnan Adamsby Adnan AdamsThe 2024 edition of the Awards spotlights infrastructure, sustainability, and gender equality. A total of 59 institutions and individuals have passed first round judging and are in the running for …
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Agric and EnvironmentEconomy and FinanceLifestyleMining & EnergyNewsTravel
EIU forecasts oil prices to remain above $80.
by Adnan Adamsby Adnan AdamsBased on recent data from the International Energy Agency, the global oil market fell into deficit (with demand outstripping production) in the first quarter of 2024. Due to this evolving …