Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the central bank exceeded its reserve target by almost US$1billion in 2023 with the help of the domestic Gold for Reserves programme. He stated that the BoG plans to continue with the programme to help in terms of building reserves going into […] The post BoG to continue ‘Gold for Reserves’ programme to prop
The 5th edition of the CenBA Africa Business Excellence Awards was held at the Golden Bean Hotel in Kumasi in the Ashanti Region on 16th December 2023 to award companies that contributed to the success of businesses through creativity and innovation in Ghana and beyond. Angel Beverages Limited, producers of Angel Cola and other carbonated […] The post Angel
Africa50 Group, the pan-African infrastructure investment platform, has announced the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023, securing $222.5 million in commitments. In an African first, Africa50-IAF secured participation from 16 African institutional investors, including sovereign wealth funds, pension funds, social security funds, insurance companies, banks, […] The post Africa50
Few alliances have sparked as much interest and speculation in the complicated fabric of international relations as between Africa and China. The relationship between Africa and China has received a lot of attention and scrutiny from scholars, policymakers, and the media in recent years, prompting a lot of debate and, unfortunately, reinforcing certain persistent myths. […] The post
Serial Ghanaian entrepreneur Nana Kwame Bediako, widely known as Cheddar or Freedom Jacob Caesar, has expressed his readiness to lead Ghana and Africa with positive intentions and progressive plans. Despite expressing his disinterest in political positions, presidential roles, and power struggles, Cheddar insists he is focused on using Africa’s vast natural resources to develop every […] The post I’m
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The Bank of Ghana (BoG) has authorized 16 Foreign Exchange (FX) brokers to commence operations on the Ghana Interbank Forex Market effective January 1 to December 31, 2024. This is in accordance with section 3. 13. 1 of the Ghana Interbank Forex Market rules which provide that local and international FX Brokers who wish to […] The post BOG grants approval to 16
Pan African event, The Convention 2024, has been called off few hours to the programme. The event was scheduled to take place on Sunday, January 7, 2024 at the Independence Square, coinciding with Ghana’s Constitution Day. But the organisers in a statement indicated that the government directed them to call off The Convention a few […] The post Pan African
It was interesting to hear Bank of Ghana (BOG) officials pat themselves on the back because year-on-year inflation had dropped to 26.4% in November 2023, from 35.2% in October 2023 and 54.1% in December 2022. This trend should have been expected, I thought, because of the massive price increases and exchange rate depreciation that were […] The post Togbe Afede XIV writes –
New Africa Foundation is delighted to host The Convention 2024. This event is scheduled to take place on the 7th of January 2024 at the Kwame Nkrumah Independence Square, coinciding with Ghana’s Constitution Day. This event will encompass different facets of African excellence, including thought leaders and artists, all before an eclectic audience, including every […] The post Julius
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Nollywood legend Zack Orji’s recent health scare had fans across the continent holding their breath. But, as the new year dawns, comes a wave of relief: the legendary actor is now in stable condition. The good news comes directly from the National Hospital in Abuja, where the legendary actor was admitted to the Intensive Care […] The post Nollywood legend
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A landmark pact between Ethiopia and the breakaway region of Somaliland has drawn condemnation from Somalia. Other neighbors also worry about allowing potential naval access to the Red Sea.
A landmark pact between Ethiopia and the breakaway region of Somaliland has drawn condemnation from Somalia. Other neighbors also worry about allowing potential naval access to the Red Sea.
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