Articles
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2 weeks ago |
bloomberg.com | Ekow Dontoh |Moses Mozart Dzawu
Ghana is the world’s second-biggest cocoa supplier. (Bloomberg) -- Ghana’s economy expanded at the fastest pace since the third quarter of last year after its gold and cocoa industries exited contractions. Gross domestic product grew an annual 5.3% in the three months through March, compared with 3.6% in the prior quarter, Government Statistician Alhassan Iddrisu told reporters in the capital, Accra, on Wednesday.
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3 weeks ago |
bloomberg.com | Moses Mozart Dzawu |Ekow Dontoh
A vendor counts cedi banknotes at the Makola market in Accra. (Bloomberg) -- Ghana’s inflation rate dropped to the lowest level in more than three years, as the country’s world-beating currency helped reduce the cost of imports. Inflation slowed for a fifth straight month to 18.4% in May, compared with 21.2% in the previous month, Government Statistician Alhassan Iddrisu told reporters in the capital, Accra, on Wednesday. Prices rose 0.7% in the month, he said.
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3 weeks ago |
bloomberg.com | Moses Mozart Dzawu
Vehicles travel past the Bank of Ghana, Ghana's central bank, in Accra, Republic of Ghana. (Bloomberg) -- Ghana’s central bank is planning to introduce a cap on non-performing loans for the banking industry to restore asset quality after the West African nation’s debt restructuring and period of high inflation eroded individuals and companies’ ability to repay their loans.
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3 weeks ago |
bloomberg.com | Moses Mozart Dzawu
Ken Ofori-Atta, Ghana's former finance minister, in London in 2019. (Bloomberg) -- Ghana’s special prosecutor has declared former Minister of Finance Ken Ofori-Atta wanted again after he missed a deadline Monday to appear for questioning about payments for projects during his tenure.
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1 month ago |
financialpost.com | Moses Mozart Dzawu
Advertisement 1African economic growth will accelerate this year, thanks to public investment in agriculture and energy infrastructure seen helping shield it from the global trade war. Article content(Bloomberg) — African economic growth will accelerate this year, thanks to public investment in agriculture and energy infrastructure seen helping shield it from the global trade war. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load.
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