World Bank disburses $360 million to support Ghana’s economy

The World Bank has disbursed $360 million from its International Development Association (IDA) for Ghana. The disbursement is coming under the Second Resilient Recovery Development Policy Financing operation, to support the Government of Ghana’s efforts to restore macroeconomic stability and reinforce the foundations for more sustainable and resilient economic growth for job creation. This was after the World […]

‘AGOA is dead’ – Mahama declares after U.S. slaps 15% tariffs on Ghana

President John Mahama has declared the African Growth and Opportunity Act (AGOA) “technically dead” after the United States imposed fresh tariffs on African exports, including a 15% levy on Ghana’s goods. He made the remarks during his first presidential media encounter of his second term in office, warning that there is little hope of the […]

BoG suspends remittance partnership of 3 Payment Service Providers

The Bank of Ghana (BoG) has announced the suspension of the remittance partnership of three Payment Service Providers for one-month, effective September 18. The institutions are Flutterwave, Celulant Ghana and Halges Financial Technologies The central bank, in the notice, stated that the action was due to breaches of its updated guidelines for inward remittance services […]

Ghana’s airspace safest in Africa — Aircraft Accident Investigation Bureau

The acting Commissioner of the Aircraft Accident and Incident Investigation and Prevention Bureau (AIB), Ghana, John Mmeb Kunyan Wumborti, has given assurance that the country’s airspace remains the safest in Africa despite the recent military helicopter crash near Obuasi in the Ashanti Region. The International Civil Aviation Organisation (ICAO) recently rated Ghana’s aviation safety as […]