Ghana’s largest opposition party-the New Patriotic Party (NPP) is at a lost at which the Mahama-led government is borrowing at a rate of GH¢2billion every month.
Category: Economy
Ebola Outbreak: World Bank Allocates $105 Mln To Guinea, Others
THE World Bank Group’s (WBG) Board of Executive Directors today approved a $105 million grant to finance Ebola-containment efforts underway in Guinea, Liberia, and Sierra Leone to help families and communities cope with the economic impact of the Ebola outbreak.
Ghana To Get Financial Assistance From IMF
GHANA’S Deputy Minister of Finance, Mona Quartey has assured that the country’s economic bailout programme with the International Monetary Fund (IMF) would come with some financial assistance.
Doing Business In Sub-Saharan Africa
DOING business in sub-Saharan Africa is a challenge, but those who are undeterred by a business environment that may not be as easy as it may be in other countries could reap high rewards, according to Dr Thomas Höppli, economic research analyst for the South African Institute of Professional Accountants (Saipa).
SABMiller takeover talk lifts JSE
THE local stock market was boosted by news that SABMiller [JSE:SAB], the second-biggest company on the JSE and the world’s second-biggest brewer, is facing a possible takeover bid from the world’s biggest brewer Anheuser-Busch InBev.
Air Seychelles Expands To Madagascar
AIR Seychelles, the national airline of the Republic of Seychelles, has announced the launch of direct flights to Antananarivo, Madagascar, commencing 3 December 2014.
Norway Allocates $10 million To South Sudan
Norway has allocated approximately $10 million to help FAO provide conflict-affected farmers, fishers and herders in South Sudan with critical livelihood support.
Unilever Ghana Unveils 4.4 Million Euros Factory
Unilever Ghana Limited has unveiled a personal care factory and amenities block in Tema as part of efforts to make people look good, feel good and get more out of life.
Investors Gearing Up For Global African Investment Summit
INVESTORS representing more than $265bn of capital under management will convene at the Savoy Hotel in London, UK on 21st and 22nd October for The Global African Investment Summit (TGAIS) to review bankable projects across four sectors – agribusiness, natural resources, power and infrastructure.
Ghana’s Inflation Hits 4-Year High
GHANA’S inflation rate has risen to 15,9 percent, reaching a four-year high. The rate rose up from 15,3 percent from July, the highest recorded since January 2010. Officials of the Ghana Statistical Service (GSS) attributed the increase to rising prices of housing, water, electricity and other fuels in the non-food component.