An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the Board to approve another US$360 million for the country. This development comes following a third revolution of the country’s on-going US$3 billion IMF loan-supported programme for economic recovery and debt sustainability. In a statement issued by the […]
Month: October 2024
Stanbic Bank, SME clinics to drive Business Growth and Empower entrepreneurs
Stanbic Bank Ghana is taking decisive steps to enhance the resilience and growth of small and medium-sized enterprises (SMEs) with the launch of its SME Clinic initiative. At the Tamale edition of the SME Clinic, Farihan Alhassan, Head of Business and Commercial Banking at Stanbic, emphasized the critical role SMEs play in Ghana’s economy, reiterating […]
CIMAG granted UNCTAD observer status
The Centre for International Maritime Affairs, Ghana (CIMAG) has been granted the United Nations Conference on Trade and Development (UNCTAD) observer status, acknowledging its contributions to a sustainable blue economy. UNCTAD is an arm of the United Nations supporting developing countries to access the benefits of a globalized economy more fairly and effectively by equipping […]
Oil and Gas Co-operative Credit Union records significant financial growth
The Oil and Gas Co-operative Credit Union (OGCCU) with its head office at BOST Depot in Kumasi, has recorded significant financial growth with exceptional performance under the 2023 financial year. The Union also recorded an annual increase in growth despite the economic challenges melting down giant companies. This was revealed at the Union’s 3rd Annual […]
Ghana’s debt restructuring sets new standards on Eurobond market – Finance Minister
Dr. Mohammed Amin Adam, Minister for Finance, says Ghana’s debt restructuring sets new standards on the bond market for creditors and debts.? He said Ghana’s debt exchange entailed some non-financial clauses, which are becoming the new market standard on the bond market.? The minister said this at a press conference to announce the completion of […]