The Bank of Ghana has acknowledged receipt of US$600 million as the second tranche of Ghana’s bailout package with the International Monetary Fund (IMF) The cash meant for budget support and stabilization of the local currency, was officially credited to the Central Bank’s account today, Tuesday, January 23, 2023. This means, Ghana has received a […] The post IMF
Africa is a continent with extraordinary economic potential despite its continual underdevelopment. Notwithstanding its prodigious youthful population, diversified cultures and vast array of natural resources, Africa has encountered a multitude of obstacles in its endeavour to exploit its economic legacy. In recent times, there has been an increasing emphasis on harnessing the economic potential of […] The post
The Disciplinary Board of the Confederation of African Football (CAF) has imposed a fine of $15,000 on the Ghana Football Association over fans trouble in the Africa Cup of Nations Match 4 game between Ghana and Cape Verde on Sunday, January 14, 2024. The Safety and Security Official reported that two groups of supporters from […] The post CAF slaps Ghana with $15K
On
In a major development, the International Monetary Fund (IMF) has given its approval for the first review of Ghana’s loan programme, allowing for the immediate disbursement of approximately $600 Read More... The post IMF Approves 2nd Tranche Payment
Deputy Finance Minister Dr. John Kumah has asserted that Ghana’s economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a Facebook post dated January 19, Dr Kumah highlighted the unanimous approval of Ghana’s request for debt treatment under the G-20 Common Framework. This, he believes, forms the foundation for […] The post We’ve
Finance Minister Ken Ofori-Atta has expressed welcome the International Monetary Fund’s release of the second tranche of Ghana’s extended credit facility with the Bretton Woods institution. According to the Finance Minister, the approval of an additional $600 million for Ghana’s bailout programme signifies the country’s progress in its economic reform trajectory. “Earlier today, the IMF […] The post Release
The International Monetary Fund has commended Ghana for successfully achieving all targets set for the $3 billion three-year extended credit facility. In a statement issued on Friday, January 19, 2024, the IMF highlighted that “Ghana’s performance under the program has been strong. All quantitative performance criteria for the first review and almost all indicative targets […] The post Ghana’s
President Nana Addo
Ray Michael and Paradisus made history by hosting their inaugural joint writing camp, welcoming representatives from Warner Africa, Warner UK, and Atlantic UK at the esteemed Paradisus in Aburi, Ghana. The event emerged as an overwhelming success, uniting writers, producers, and engineers from diverse creative backgrounds in a week-long celebration of artistic immersion, with a […] The post Warner
Kristalina Georgieva The International Monetary Fund (IMF) board has expressed its satisfaction with the assurances received from Ghana’s external creditors. Managing Director of the IMF, Kristalina Georgieva, who revealed Read More... The post IMF Boss Happy With Ghana’s Progress
Women-led businesses in the country interested in exporting under the Africa Continental Free Trade Area (AfCFTA) will be given bank loans at a subsidiSed interest rate of 10 percent, Ashanti Regional Director, Ministry of Trade and Industry, Mamuda Osman, has said According to him, this is part of governments effort to support women in business […] The post AfCFTA:
Africa Cup of Nations hosts Ivory Coast will be looking to build on their opening-day victory and book a place in the knockout stages when they take on Nigeria at the Olympic Stadium of Ebimpé on Thursday. Off the back of a 1-1 opening-day draw against Equatorial Guinea, the Super Eagles will head into the game looking to recover from […] The post Ivory Coast look
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Africa’s biggest football festival – the men’s Africa Cup of Nations 2023 – is being hosted by Côte d’Ivoire in west Africa and will culminate in its final match on 11 February 2024. More than ever before, the world will be watching the action at the 34th edition of the cup, given that some of football’s greatest […] The post Afcon:
In light of the significant opportunities that Artificial Intelligence (AI) holds for fostering sustainable growth and development in Africa, government has taken steps to oversee and regulate the technology’s utilisation within the country. Currently, improved digital connectivity, growing data volumes, advanced algorithms and enhanced computing power are driving technological progress in AI. Against this background, […] The post
The Africa Centre for Parliamentary Affairs (ACEPA) is urging delegates of the New Patriotic Party (NPP), who will be electing parliamentary candidates within constituencies with sitting Members of Parliament, to choose persons who are fit for the job. According to the executive secretary of ACEPA, Dr. Rasheed Draman, Parliament needs experienced legislators. The NPP will […] The post Elect
The Black Stars hotel in Abidjan has heightened security measures following a confrontation between a fan and coach Chris Hughton after Ghana's underwhelming performance against Cape Verde on Sunday evening. The Black Stars were defeated 2-1 in their opening match and face an early elimination from the 2023 Africa Cup of Nations in Ivory Coast. […] The post Security beefed up at Black Stars hotel first
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