Ekow Dontoh

1 day ago | bloomberg.com | Jennifer Zabasajja |Kamailoudini Tagba |Ekow Dontoh

John Mahama(Bloomberg) -- Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at the Africa CEO Forum in Abidjan, Ivory Coast’s commercial capital, on Tuesday. “Oil is in transition and so anybody who has any assets should be pumping like there’s no tomorrow,” he said.

5 days ago | bloomberg.com | Ekow Dontoh

Cocoa pods grow on a farm ahead of the harvest in Kwabeng, Ghana. (Bloomberg) -- Ghana plans to start next season’s cocoa harvest in August, two months ahead of schedule, to provide early cash to farmers and curb hoarding and smuggling of the beans. The country’s industry regulator, the Ghana Cocoa Board, will also announce increased farmgate prices to ensure growers are paid early, according to people with knowledge of the matter, who asked not to be named discussing private information.

1 week ago | bloomberg.com | Ekow Dontoh |Moses Mozart Dzawu

Ghana cedi banknotes. (Bloomberg) -- Ghana’s inflation rate fell to an eight-month low in April as the West African nation’s world-beating currency helped rein in import costs. Consumer prices rose 21.2% in April, compared with 22.4% the month before, Government Statistician Alhassan Iddrisu told reporters in the capital, Accra, on Wednesday. Prices rose 0.8% in the month. Non-food price growth decelerated to 17.9% from 18.7%, as a rally in the cedi reduced the cost of imports.

2 weeks ago | bloomberg.com | Ekow Dontoh

(Bloomberg) -- Ghana’s central bank chief forecasts inflation in Africa’s biggest gold producer will slow further after the monetary authority raised borrowing costs and as the new government of President John Mahama cuts spending. Inflation, which slowed to a five-month low of 22.4% in March, will ease to 16% by the end of the year, Bank of Ghana Governor Johnson Asiama said in an interview in Washington on the sidelines of the World Bank and International Monetary Fund Spring Meetings.

3 weeks ago | bloomberglinea.com | Baudelaire Mieu |Grace Gitau |Ekow Dontoh

Bloomberg — Un aumento dramático en el precio del cacao que irritó a los comerciantes de materias primas y a los fabricantes de dulces está mostrando signos de alivio, y el principal grupo industrial incluso está pronosticando un pequeño superávit global, después de años de escasez. Los amantes del chocolate de todo el mundo serían perdonados por respirar un suspiro de alivio tentativo.