Accra, Ghana, May 15, 2020//-Ghana’s total public debt stock has risen by GHC7.7 billion from February 2020 to March 2020, according to the latest Bank of Ghana Summary of Economic and Financial Data.
Category: Investing
UNCTAD: COVID-19 Triggers Record Decline In Global Trade
Geneva, Switzerland, May 13, 2020 – The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.
Egypt Runs To IMF For $2.772 Billion COVID-19 Emergency Support
Washington D.C., United States of America, May 12, 2020/ — The Executive Board of the IMF approved Egypt’s request for emergency financial assistance of $ 2.772 billion to meet the urgent balance of payments needs stemming from the outbreak of the COVID-19 pandemic.
CDG—Gh: Cooked Figures for IMF Cash Confirm That Ghana’s Economy Is In ICU
Accra, Ghana, May 11, 2020//-The Caucus for Democratic Governance, Ghana (CDG—Gh) says the recent admission that the Akufo-Addo led government cooked figures to the IMF for $1billion cash, is an indication that the country’s economy is in the Intensive Care Unit (ICU).
Ghana: Gov’t Losing Big Time With New Integrated Customs Management System
Accra, Ghana, May 11, 2020//-Painstaking investigations conducted into the operations of the newly Integrated Customs Management System (ICUMS) otherwise known as UNIPASS, have revealed that the system is not connected to that of the Driver and Vehicle Licensing Authority (DVLA).
Asoko Insight, UK’s Department Extend Digital DealRoom Platform
London, United Kingdom, May 8, 2020/ — Asoko Insight announced that the deal origination platform will continue to match UK investors and businesses to fund-seeking African corporates for a further six months.
ILO: COVID-19 Affects 1.6 Billion of the World’s 2 Billion Informal Economy Workers
Geneva, Switzerland, May 8, 2020//-As many as 1.6 billion of the world’s two billion informal economy workers are affected by COVID-19 lockdown and containment measures, a new briefing paper issued by the International Labour Organization (ILO) reveals.
Colombia: IFC $100M Loan to Davivienda Supports Women-owned SMEs, Others
Bogota, Colombia, May 6, 2020 — IFC, a member of the World Bank Group, has provided a $100 million loan to Banco Davivienda, boosting the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises (SMEs), and sustainable agribusiness projects in Colombia.
Vultures, Doves and African Debt: Here’s A Way Out
Getty Images/Stock photo Danny Bradlow, University of Pretoria May 6, 2020//-Once again, African countries are confronting overwhelming debt burdens. According to the most recent World Bank debt statistics, they owe a total of $493.6 billion in long term debt to their foreign official and commercial creditors. About one third, $117 billion, is in the form […]
AfDB Approves €40 Million In Grants For Bridge Linking Cameroon, Chad
Abidjan, Ivory Coast, May 6, 2020/ — The Board of Directors of the African Development Bank Group has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.