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The 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.

Last 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 irrigation purposes in cocoa farms due to contamination of water bodies in farming areas.

Africa has an abundance of climate resources, but lacks the capacity to access and absorb funds to manage them.

The 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 of the cedi which is currently trading at GHC14.25 to the American green back on the retail market.

Based 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 supply-demand dynamic and rising geopolitical pressures, we revised up our oil price forecasts, with dated Brent Blend to remain above US$80/barrel until late 2025. This will lift inflationary pressures in many countries at a time when their currencies are losing ground against the dollar.

The decline in maize prices was attributed to competitively priced offers from the Black Sea region, larger production in major exporters, and favorable prospects for the next harvest, with global maize production in the 2023-24 season expected to increase by 6.0% to an all-time high.

Pensioners alarmed as ILO warns of depleted SSNIT reserves by 2036

This assertion is stemmed from the current downward trajectory of the Ghana cedi and the cyclical election-year trends, where governments loose control of the economy.

The Women Development Bank

Increasing permanent income, graduate education, and a growing expatriate population are some major factors affecting the demand for houses in Ghana.