MAJOR cocoa buyers have agreed to pay a premium and back a price floor on cocoa sold by Cote d’Ivoire and Ghana as part of an agreement reached on Friday to combat poverty among farmers. Cocoa industry players will back…
A DELEGATION from the International Monetary Fund (IMF) is scheduled to visit Ghana starting Wednesday, July 6, to begin initial discussions with the Ghanaian authorities about a possible 3 billion U.S. dollar bail-out loan. Ghana had previously refused to seek…
SINCE joining the African Development Bank Group (AfDB) as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum…
•Importers of low-cost cars, buses out of business IMPORTERS of low-cost vehicles may have been pushed out of business by the new regime of duty being paid at the ports. The duty has gone up by a minimum of 120…
THE United States has announced support for the African Development Bank’s initiative to significantly increase food production in Africa to avert the looming food crisis caused by the Russia-Ukraine war. The Bank Group’s $1.5bn African Emergency Food Production Facility, approved by…
POLICE clashed with hundreds of demonstrators in Ghana’s capital Accra on Tuesday protesting against fuel price hikes, a tax on electronic payments and other levies as the country grapples with spiralling inflation and an economic downturn. Ghanaians in recent months…
ZIMBABWE’S government will maintain the country’s multi-currency system and legislate the use of the US dollar for the next five years, finance minister Mthuli Ncube said on Monday. ‘The market’s lack of confidence in multi-currency is causing us problems, but…
NAMIBIA and Germany Friday signed a Financial Cooperation Agreement that will see the latter providing about $170 million in a loan on favourable terms to support economic development in Namibia, a joint statement by the two governments said. The loans…
STANDARD Bank Group is bringing together institutional investors, policymakers and top African corporates to discuss Africa’s growth and investment opportunities at its flagship international event, the Africa Investors’ Conference. The event, in collaboration with ICBC Standard Bank, will take place at…
ECONOMIC growth in Mozambique is expected to accelerate in the medium term, averaging 5.7 percent between 2022 and 2024, as demand recovers and the economy benefits from the start of liquefied natural gas production this year, the World Bank said…
