Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […] The post IMF deal:
The Minister for Finance, Dr Mohammed Amin Adam has stated that the effective implementation of the programme with the International Monetary Fund (IMF) is yielding some good results. He says the country is now witnessing relative macroeconomic stability and seeing signs of economic recovery. Speaking at a joint IMF, Ministry of Finance, Bank of Ghana, […] The post Govt
Victor Manuel Rocha, a former United States diplomat, has been sentenced to 15 years in prison after admitting to acting as an agent of Cuba, in what the US Department of Justice has called one of the highest-reaching and longest-lasting infiltrations of the US government. According to US prosecutors, Rocha secretly supported Cuba’s governing Communist […] The post Former
April 13, 2024 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will […] The post Full
Christabel DANSO ABEAM Tree Crops Development Authority (TCDA), under the Ministry of Food and Agriculture (MOFA), will host the sixth Council of Ministers’ Conference of the Consultative International Cashew Council (CICC) from April 16th to April 20th, 2024. The conference aims to bolster the development of the cashew sector and foster economic and social growth […] The post
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
Fidelity Bank, Ghana’s largest privately-owned bank, reaffirmed its commitment to empowering women entrepreneurs during the Women in Business Dialogue Series hosted by the Business and Financial Times. Nana Esi Idun-Arkhurst, Divisional Director, Retail & Business Banking at Fidelity Bank, delivered impactful insights at the event, emphasizing the importance of cultivating investor-ready businesses and Fidelity’s commitment […] The post
“Banking is transforming. What a bank will be in 2030 is going to be significantly different from what a bank has been for the past few hundred years.” …Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth Quickening the Pace of Digital Banking Last week we examined some critical training needs that financial institutions can help bridge […] The post
Mohammed Amin Adam In a press briefing held on Saturday, Finance Minister Mohammed Amin Adam assured Ghanaians that the government is committed to not burdening citizens with more taxes. Read More... The post Government Assures Ghanaians Of No New Taxes appeared
In the realm of US-Africa economic relations, the African Growth and Opportunity Act (AGOA) stands as a pivotal legislation designed to foster trade and investment between the United States and eligible Sub-Saharan African countries. Since its inception in 2000, AGOA has sought to support economic growth and sustainable development by providing duty-free access to the […] The post Assessing
Mali’s military junta continued to restrict political life in the country on Thursday, April 11, banning the media from reporting on the activities of political parties and associations. The country’s high authority for communication issued a statement calling on “all media (radio, television, written press and online) to halt broadcast and publication of the activities […] The post Mali:
The United States has restricted travel for its embassy personnel in Israel amid fears of an attack by Iran. The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas “out of an abundance of caution”. Iran has vowed to retaliate, blaming Israel for a strike […] The post US restricts travel
Less than two months before European voters in 27 countries take part in EU Parliament elections, Belgium says it is investigating pro-Russian networks that are trying to influence the vote. Moscow’s aim was to bring more pro-Russian candidates into the European Parliament, said Prime Minister Alexander de Croo. “Weakened support for Ukraine serves Russia on […] The post Belgium
China tried to meddle in the last two Canadian elections but the results were not affected and it was “improbable” Beijing preferred any one party over another, Prime Minister Justin Trudeau has told an official probe. In sworn testimony on Wednesday before a commission conducting a public inquiry into alleged foreign interference in the 2019 […] The post Trudeau says
It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks […] The post Vietnamese billionaire
A South African court has ruled that former President Jacob Zuma can run for office in the country’s upcoming general election, overturning an earlier decision that had barred him from contesting the polls. The Electoral Court decision on Tuesday paves the way for Zuma to run for president on behalf of the uMkhonto weSizwe Party […] The post South Africa’s Jacob Zuma wins court bid to contest upcoming election
The parents of a Michigan teenager who shot dead four students have each been sentenced to 10 to 15 years in prison. A seven-year sentence was recommended, but prosecutors asked for more. James and Jennifer Crumbley, the first parents of a US school shooter to be convicted, appeared together for the first time in months […] The post Parents of Michigan school
An activist who criticized Morocco’s decision to normalize relations with Israel was sentenced to five years in prison, as some of the Arab world’s largest pro-Palestinian protests continue to sweep the country. Abdul Rahman Zankad of Mohammedia, Morocco was arrested in March after posting on Facebook about Israel’s war in Gaza and Morocco’s 2020 decision […] The post Moroccan
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