Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘days after poor Standard and Poor’s (S&P) Global Ratings.
Category: Economy
Chinese Private Security Firms Are Growing their Presence in Africa: Why it Matters
Chinese and Ivorian workers at the site of a container terminal at the port of Abidjan. Issouf Sanogo/AFP via Getty Images Alessandro Arduino, National University of Singapore Chinese private security companies have found a profitable niche market in Africa: guarding Chinese executives and construction sites. They’re also securing Chinese vessels at sea against piracy.
Ghana: TV3 Signs GBC’s Sani Abdul-Rahman
Accra, Ghana//-Financial journalist Sani Abdul-Rahman has become the latest broadcaster to join the Media General Group – operators of one of Ghana’s leading television station TV3.
When the IMF Comes to Town: Why They Visit and What to Watch Out For
Danny Bradlow, University of Pretoria In most rich countries the news that a mission from the International Monetary Fund (IMF) is coming to visit is met with indifference. But, in most African countries the news can cause great consternation.
Saudi Arabia Reports 49 Closed Deals worth at least $925 Million in Q2 2022
Riyadh, Saudi Arabia//-The Ministry of Investment of Saudi Arabia (MISA) reported the signing of a range of new investment deals in diverse sectors such as advanced manufacturing, construction and real estate, ICT, tourism, entertainment and sports, highlighting the success of the National Investment Strategy in attracting investment inflows to Saudi Arabia.
Major US Airlines’ Revenue in Q2 2022 Exceeds the Pre-pandemic Levels
Despite operational hurdles and decade-high inflation, the airline industry has seen sizable improvement in international travel demand and major air carriers have returned to profitability.
On Ghana’s Roads in 2022: Safety Has Improved but Private Vehicles Are still a Menace
Private car accidents dominate crash numbers in Ghana. Lewis Clark/Wikimedia Commons Festival Godwin Boateng, Columbia University Africa is the globe’s least motorised region, accounting for just 2% of the world’s vehicles. Yet it records the highest rate of road deaths. The World Health Organization (WHO) pegs the rate in Africa at 26.6 deaths per 100,000 […]
US Revisiting its Trade Relations with African Countries: Key Issues on the Table
President Joe Biden speaks as Secretary of State Antony Blinken looks on. Photo by Alex Wong/Getty Images Kefa M. Otiso, Bowling Green State University and Francis Owusu, Iowa State University Last year, the US’s Biden administration announced plans to increase two-way trade and investment between the US and Africa. The starting point was a revamp […]
Innovators from Ghana and Nigeria Featured in Bloomberg New Economy 2022 Cohort of “Catalysts”
New York, US//- Bloomberg has announced the 2022 class of Bloomberg New Economy Catalysts, a distinctive global group of breakthrough innovators, visionaries, scientists, policymakers and entrepreneurs, who are inventing possibilities for a more inclusive and prosperous world.
GSE, GIPC Sign MoU to Attract More Companies to List on the Local Bourse
Accra, Ghana//-Ghana Stock Exchange (GSE) and the Ghana Investment Promotion Centre (GIPC) today signed a landmark Memorandum of Understanding (MoU) to attract more local and foreign companies to list on the local bourse.