Economy

Ghana’s disinflation trend to continue, despite cedi depreciation

Ghana's disinflation trend is expected to continue, albeit at a slower pace, despite the depreciation of the cedi and anticipated petroleum price hikes, according to GCB Capital. The near-term inflation profile appears elevated due to cedi depreciation, transport fare hikes, and utility tariff adjustments, which will moderate disinflation in the...
Trade

EU, GHANA and UNIDO clusters show impact on job creation, industrial competitiveness and sustainability in Accra

The United Nations Industrial Development Organization (UNIDO), European Union (EU) and Ministry of Trade and Industries (MOTI) have organised the 3rd Cluster International Conference in Ghana on Wednesday in Accra to strengthen cluster inclusiveness for Small and medium-scale enterprises (SMEs). The conference provided a platform to discuss and share sustainable...
Economy

Ghana formalizes debt treatment agreement with official creditor committee

The government has successfully reached a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) concerning the debt treatment agreed upon in January 2024. This achievement was significantly facilitated by the co-chairs of Ghana’s OCC, China, and France. The MoU formalizes the preliminary agreement with Official Creditors made in...
African Business

South Africa’s largest oil refinery sold for 5 cents

The sale of the South African Petroleum Refinery (Sapref), jointly owned by multinational energy companies BP and Shell, to the state-owned Central Energy Fund for R1 (five US cents) raises questions about whether the company is evading its social and environmental liabilities. The Sapref refinery was commissioned (began operating) in 1964 in the port...
African Business

Afreximbank named African Bank of the Year for the second year running, … also clinches deal of the year in infrastructure

For the second year in a row, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has emerged as a double winner at the African Banker Awards, winning both the ‘Bank of the Year’ and ‘Deal of the Year (Infrastructure)’ awards. This prestigious recognition was announced at the awards gala ceremony held in Nairobi...
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