Washington DC, US//-The IMF projects global growth is slowing under the burden of high inflation, impact of Russia’s war in Ukraine and lingering effects of pandemic announced Pierre-Olivier Gourinchas, the IMF’s Chief Economist on Tuesday, October 11 (today) in Washington, DC.
Accra, Ghana//-The enforcement team of the Ghana Revenue Authority (GRA) has locked the Chinese retail shop, China Mall, and its warehouses on the Spintex Road and Ashaiman in the Greater Accra Region.
Accra, Ghana//-Ghana’s Gross International Reserves fell to $6.6 billion, equivalent to 2.9 months of import cover for goods and services in September 2022, data from the Bank of Ghana has revealed.
Accra, Ghana//-Ghana/s Government has increased the producer price for cocoa beans by 21% to ¢800 for the 2022/2023 cocoa crop season.
Accra, Ghana//-Ghana’s Ranking Member on Parliament’s Finance Committee, Dr. Cassiel Ato Forson, says he is not surprised by the World Bank’s report stating that Ghana’s debt to Gross Domestic Product (GDP) would hit 104.6% by the end of 2022.
Washington DC, US// — Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction.
Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa2 from Caa1 and placed the ratings on review for downgrade.
Accra, Ghana//-President Nana Addo Dankwa Akufo-Addo has directed the Director General of the State Interest and Governance Authority (SIGA) to within four weeks investigate the causes of the infractions and malfeasance raised in the 2021 Auditor General’s report.
XN Iraki, University of Nairobi President William Ruto has nominated Njuguna Ndung’u to head Kenya’s National Treasury. A Central Bank of Kenya governor for eight years between 2007 and 2015, Ndung’u is also an accomplished researcher and a University of Nairobi academic.
Johannesburg, South Africa//- International calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured an additional $3 million in seed round funding, taking its total seed round to $7 million after its first closing in May.
