The Finance Minister has been directed by President Akufo-Addo to distribute ¢1.5 billion to victims impacted by Ghana’s banking sector cleanup.
The Finance Ministry has been instructed by President Akufo-Addo to set aside ¢1.5 billion to assist clients impacted by the banking industry cleanup effort. During a UK Town Hall meeting over the weekend, Finance Minister Dr. Mohammed Amin Adam made the announcement. During the UK Town Hall meeting, Dr. Adam reaffirmed […]
This year, Ghana’s struggling economy will surprise everyone, according to the finance minister
According to Dr. Mohammed Amin Adam’s upbeat analysis of Ghana’s economic future, the country’s economy is not only rebounding but is also on the verge of experiencing rapid expansion that may surprise international observers. Positive signs like gains in important economic indices, prospective investment possibilities, or effective growth-stimulating policy initiatives are probably reflected in this […]
Ghana’s Senior Presidential Advisor, Ken Ofori-Atta, speaks with the Crown Prince of Bahrain
On June 4, 2024, Ghana’s Senior Presidential Advisor and Special Envoy for International Finance and Private Sector Investments, Ken Ofori-Atta, was welcomed by Crown Prince and Prime Minister of Bahrain Prince Salman bin Hamad Al Khalifa at Gudaibiya Palace in Bahrain.
Global GDP is revised by the EIU by 2.5% for 2024.
The Economist Intelligence Unit (EIU) has increased its 2024 global real GDP growth prediction from 2.4% to 2.5 percent. According to this modification, growth would not drop starting in 2023 but will instead be constant. The London-based company ascribes this resistance to geopolitical threats and rising interest rates.In addition to upward adjustments for several European […]
According to the GSS research, rising prices are the primary driver of trade flow increases.
For the first time, the Ghana Statistical Service (GSS) has published the Export and Import Price Indices (XMPI), which tracks changes in the relative costs of imported and exported goods over time in relation to their quantities. According to the XMPI, the average increase in commodity prices between Q1 2023 and Q1 2024 was 20.4% […]
In August 2024, Electrochem, Africa’s largest salt refinery, will begin operations.
By August of this year, Electrochem Ghana Limited will begin producing refined salt in commercial quantities, according to Dr. Daniel McKorley, Executive Board Chairman of the McDan Group. Members of the Association of Ghana Industries (AGI) visited the project site in Ada, Greater Accra, where the announcement was made. Dr. McKorley stressed the company’s dedication […]
The World Bank says a recent payment to Ghana may lead to additional donor support.
The World Bank has declared that it expects Ghana to receive more donor assistance and private capital investment as a result of its recent disbursements. The Bank has disbursed more than $800 million since January, and more are anticipated before the year is out. “I hope that the approval of these funds will encourage other […]