Adnan Adams Mohammed Last week, the World Bank Africa Pulse Report, indicated a declining inflation across the Sub-Saharan Africa nations attributing it to the effects of monetary tightening …
Economy and Finance
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Economy and FinanceNews
Fidelity Bank appoints Kwabena Boateng as new Dep. MD, Wholesale Banking
by Adnan Adamsby Adnan AdamsMr. Boateng expressed his gratitude for the opportunity, saying, “I am deeply honoured by this appointment and the confidence reposed in me by the Board and Management of Fidelity Bank.
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Economy and FinanceNews
Insurance brokers secure best deals for policyholders at no additional cost – IBAG President
by Adnan Adamsby Adnan AdamsAccording to the President of the Insurance Brokers Association of Ghana (IBAG), Mr. Shaibu Ali, “using a broker comes at no extra charge, as their fees are already included in …
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Economy and FinanceMining & EnergyNews
Newmont sells Akyem mine to China’s Zijin Mining Group for $1bn
by Adnan Adamsby Adnan Adams“The sale of Akyem represents continued progress on the non-core asset divestiture program announced in February, supporting our focus on the Tier 1 assets in Newmont’s portfolio that will drive …
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Economy and FinanceNews
EBID approves €61m, $100m to spur trade, sustainable development in West Africa
by Adnan Adamsby Adnan AdamsA press statement said Dr Donkor emphasised that the approved investments are in line with the Bank’s mission to promote sustainable development and regional integration for the ECOWAS sub-region while …
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Economy and FinanceNews
Bond market sees trade volumes fall by 15.56% to ¢609m for 2nd week
by Adnan Adamsby Adnan AdamsThis marks the third consecutive week where this bond has dominated trading, with its average yield to maturity (YTM) decreasing to 23.72%, down from the previous week’s 24.13%.
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Economy and FinanceNews
High tax rates impeding growth in Ghana’s petroleum industry – Deloitte Report
by Adnan Adamsby Adnan AdamsThe report reveals that a substantial 46 per cent of industry stakeholders identify “high tax rates” as the most pressing concern for the sector, impacting both profitability and overall competitiveness.
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Economy and FinanceMining & EnergyNews
About 800k jobs to be created upon completion of Petroleum Hub project
by Adnan Adamsby Adnan Adams“We are not just constructing a Petroleum Hub, we are creating opportunities for local businesses, and ensuring the benefits of our resources reach our communities”,
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Economy and FinanceNews
Ghanaian pensioner Eurobond holders plead for exemption amid debt restructuring hardship
by Adnan Adamsby Adnan AdamsThe pensioners, feeling excluded from key negotiations, voiced their concerns after the Minister announced that Eurobond investors had forgiven USD5 billion of Ghana’s debt.
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Economy and FinanceLifestyleNews
Eurobond restructuring signals confidence in economy – Akufo-Addo touts
by Adnan Adamsby Adnan AdamsThe government, fortnight ago, announced success in securing almost 100% participation in the Eurobond Debt Exchange Programme, which concluded on 30th September 2024.