The function of the International Monetary Fund (IMF) in offering financial support to nations facing economic difficulties is vital as global economic dynamics persist in changing. Lending money to member nations in order to help stabilize their economies and correct financial imbalances is a significant part of this support. Consequently, nations accrue debt to the…
The government has been asked to create a tomato processing factory in Kamgbunli by the Tomato Farmers Association. In Kamgbunli, tomatoes have grown to be an important crop in addition to cocoa and rubber, according to the Association. But growers don’t get to reap the full benefits of their yield since tomatoes are perishable. During…
The volume of transit trade along Ghana’s transit corridors has recently decreased, which emphasizes the necessity for proactive efforts to address the underlying causes of this trend. Data from the Ghana Ports and Harbors Authority (GPHA) for the year 2023 shows different patterns of cargo traffic along Ghana’s transit corridors. There was a minor increase…
Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), has pledged, should he win the upcoming general elections on December 7, 2024, to make significant improvements to the mining industry that will benefit Ghanaians more. Dr. Bawumia claims that small-scale Ghanaian miners will receive the majority of mining concessions in Ghana during his…
It is anticipated that consumers of petroleum products will pay an additional increase starting on Friday, May 3, 2024. This is true even though from May 1 to May 15, 2024, the National Petroleum Authority (NPA) announced new minimum prices for a number of petroleum goods. According to a circular sent to Bulk Oil Distribution…
President Nana Addo Dankwa Akufo-Addo’s assertion that the nation’s irregular power supply problems, known as dumsor, had been entirely remedied has been deemed deceptive by the Executive Director of the Institute of Energy Security (IES). Nana Amoasi VII thinks that although it is critical that the president restate his acknowledgement that the outages were “dumsor,”…
Bernard Arnault, the CEO of LVMH, the biggest luxury goods company in the world, has maintained his remarkable record of becoming the richest person in the world on May 1, 2024. The owner and founder of Tesla, Elon Musk, has been behind the luxury goods tycoon since February 2024, according to Forbes’ real-time list of…
Keep in mind that these rates could vary at a local forex bureau. The Afriswap Bureau of Change in Osu, Accra, provides us with forex bureau rates. As of today, April 29, 2024, the Ghana Cedi is trading at a purchasing price of 13.1928 and a selling price of 13.2060 against the US dollar, according…
Eligible companies are invited by the Federal Ministry of Industry, Trade and Investment (FMITI) to express interest in serving as managers of the Nigeria Diaspora Fund. Doris Nkiruka Uzoka-Anite, the Minister of Industry, Trade, and Investment, made the announcement on her X account on Thursday. The minister stated that these fund managers will be in…
Former President John Agyekum Kufuor has opened up about how the Ashantehene, Otumfuo Osei Tutu II, single-handedly saved Ghana from any economic catastrophe, during his tenure as president. Speaking in a recent interview with Opemsuo Radio, former President Kufuor said that the International Monetary Fund (IMF) decided to throw out a request by his government for a bailout programme because…
