Figures released by the Bank of Ghana (BoG) yesterday have revealed that the government has, within three months, added GH¢12.1 billion to the country’s debt stock.
Category: Economy
Rising through Cities in Ghana
The World Bank and the Government of Ghana will release, on May 14, 2015, a report on urbanization in Ghana titled: Rising through Cities in Ghana .
Cash-and-carry health system looms in Ghana
Some District government hospitals across the country have run out of cash and patience and have vowed to stop attending to patients carrying the NHIS card.
FAO Predicts World Food Import Bill to Fall
International prices for agricultural commodities continued to decline in April and abundant inventories are poised to offset any pressure from the slight reduction in global harvests expected this year, according to the Food and Agricultural Organisation (FAO).
GHANA’S ECONOMY NOSE DIVES
The bleak economic story of Ghana, since 2013, is set to continue, as gross domestic product (GDP) growth is at its lowest in 14 years, and the dollar value of the economy has shrunk considerably.
European Cities Embrace UNEP’s District Energy Initiative
Eight months after governments and civil society united to catalyse global climate action at the Climate Summit 2014 in New York, the United Nations Environment Programme (UNEP) announced the regional launch of the Global District Energy in Cities Initiative to a positive reception by local and national governments, and the private sector.
GOV’T BLOWS $2.5BN ON LOANS INTEREST
Ghana’s government is to spend a whopping GH¢9.5 billion (about $2.5bn) this year, as interest payments on the huge loans it has contracted.
President Clinton Inspects Projects in Tanzania
Former US President Bill Clinton traveled from Dar es Salaam to Iringa, and then drove for an hour and 45 minutes to the Clinton Development Initiative’s Ngongwa Anchor Farm, arriving at 10:30 AM.
ECA advocates ‘Industrialisation through trade’
The 2015 edition of the Economic Report on Africa (ERA), “Industrialising through Trade”, has been launched by Dr. Ekow Spio-Garbrah, Minister of Trade and Industry, and Dr. Arkebe Oqubay, Minister and Advisor to the Prime Minister of Ethiopia, during the Conference of African Ministers of Finance and Economic Development in Addis Ababa.
How Africa Can Attract Foreign Investors to its Power Projects
“Investing in the power sector in Africa can be very lucrative and we have the success stories to prove it”, says Evan Schiff, event director of African Utility Week, taking place in Cape Town from 12-14 May.