The first tranche of $600 million out of the $3billion IMF programme will hit the accounts of the Bank of Ghana tomorrow, May 19, 2023, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has confirmed. The Governor noted that the money would boost the country’s reserves and the Cedi which is already […]
Ghana’s currency, the cedi, has emerged as the top-performing currency against the US dollar in the past six months, bolstered by investor optimism that the country is on the verge of obtaining approval from the International Monetary Fund (IMF) for a $3 billion bailout. Since November, the cedi has gained an impressive 33%, outpacing around […]
Ghana has secured the long awaited $3billion financial support from the International Monetary Fund (IMF), deep throat sources have confirmed to Graphic Business. At a meeting today [May 17, 2023] in Washington, the Executive Board of the IMF unanimously approved Ghana’s programme over the next three years. Graphic Business sources in Washington have said finishing touches […]
There is the need to invest revenue from the nation’s mineral resources in productive assets for a secure future, the Chief Executive Officer of the Minerals Commission, Martin Kwaku Ayisi, has said. He said that would ensure succeeding generations did not lose out when the resources eventually ran out because natural resources were finite assets. […]
As electric vehicles become more common, the resources helping to power the new generation of transportation are becoming increasingly prized. Lithium — a metal that’s a key element in the batteries commonly used in today’s EVs — has become an incredibly hot commodity in recent years. According to the United States Geological Survey, global consumption […]
The Chief Executive Officer (CEO) of the Ghana Association of Banks (GAB), John Awuah, has said that banks will soon transition into bigger fintech companies in the country. With banks in the country continuously making investments to expand their digital footprints, the CEO said he foresaw a future where banks would no longer be competing […]
The Managing Director (MD) of the Ghana Stock Exchange (GSE), Abena Amoah, has called for greater collaboration between players in the financial sector to build a robust financial system. The Government of Ghana has plans to build a robust financial sector and make the country a financial service hub under the African Continental Free Trade […]
Local businesses across the country have been advised to pursue partnerships and joint ventures to increase their chances of excelling in their various industries. The General Manager in Charge of Business at Tecno Mobile Ghana, Daniel Glover, said pursuing partnerships allowed all parties involved to fully explore areas where they had the most competitive advantages, […]
Surfline, which prides itself as Ghana’s first 4G LTE company that offers fast and reliable internet services, has been hit by serious financial difficulties customers in limbo. Consequently, the company has shut down its data centre. Prior to that, the company, which aggressively hit the market with exclusive services and product offerings, also shut down […]
The Network of Communication Reporters (NCR) has congratulated Adwoa Afriyie Wiafe on her appointment as the new Chief Corporate Services and Sustainability Officer (CCSSO) of MTN Ghana, the telecoms market leader. Adwoa joins MTN from the Ghana National Petroleum Corporation (GNPC), where she was a member of the Executive team, with overall responsibility for Legal […]
Golden Exotics Limited (GEL) has launched its 20th anniversary with a commitment to expand its operations and contribute to the development of communities surrounding its plantations. The company, which started with the planting of pineapples on a 700 hectare land, projects to hit a total banana plantation of 2,000 hectares by June this year. It […]
The declaration of MTN Ghana as a Significant Market Power (SMP) in the country’s telecommunications sector has resulted in an asymmetric savings of GH¢86.6 million for the smaller Mobile Network Operators (MNOs) in the last two years. The SMP was meant, among many other things, to set a level playing field and limit the ability […]
