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Ekow Dontoh

Accra

Reporter at Bloomberg News

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Articles

  • 2 weeks ago | bloomberg.com | Ekow Dontoh |Moses Mozart Dzawu

    A customer makes a purchase at the Makola market in Accra, Ghana. (Bloomberg) -- Ghana’s central bank kept its key interest rate on hold to maintain downward pressure on inflation, which is expected to get a boost from the West African nation’s world-beating currency. The monetary policy committee kept the policy rate at 28%, Governor Johnson Asiama told reporters on Friday in the capital, Accra. All three economists in a Bloomberg survey correctly predicted the decision.

  • 2 weeks ago | bloomberg.com | Ekow Dontoh

    Johnson Asiama Photographer: Ernest Ankomah/Getty Images(Bloomberg) -- Ghana’s central bank is set to continue its tight monetary policy stance to hasten the pace of disinflation toward its year-end target. Governor Johnson Asiama will probably maintain the key interest rate at 28% when he delivers the monetary policy committee’s decision shortly after 3 p.m. Accra time on Friday, according to economists polled by Bloomberg.

  • 2 weeks ago | bloomberg.com | Ekow Dontoh

    A person displays balls of unrefined gold Photographer: Ekow Dontoh/Bloomberg(Bloomberg) -- Ghana expects to rake in $12 billion a year from small-scale gold production if output doubles as planned. Gold exports from the country have surged as international prices have soared, and much of that expansion is down to small-mine and artisanal production.

  • 2 weeks ago | bloomberg.com | Matthew Hill |Ekow Dontoh

    Minister of Finance Cassiel Ato Forson(Bloomberg) -- Ghana, emerging from a bruising debt restructuring process, faces a dispute with African Export-Import Bank, one of its biggest commercial creditors, over whether it should take losses on a $768.4 million liability. The finance ministry says the debt must be treated comparably to others it’s restructured, from bilateral loans with China to $13 billion in eurobonds.

  • 2 weeks ago | bloomberg.com | Grace Gitau |Ekow Dontoh |Baudelaire Mieu

    Cocoa regulators in the world’s top growers Ivory Coast and Ghana are holding back bean sales for next season in the hope of higher prices, a risky bet that’s adding to liquidity woes in the futures market. Forward sales by the two West African nations, which together account for about half of global cocoa production, have lagged their usual pace as the regulators favor selling closer to the start of the season and more spot deals, according to people familiar with the matter.

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