Browsing: News

Africa has an abundance of climate resources, but lacks the capacity to access and absorb funds to manage them.

Key stakeholders of forex trade are sceptical as to how soon the cedi will strengthen against the major international trading currencies (US dollar, Euro and Pounds Sterling) as current rate of depreciation stand at 13.35 percent at the end of April.

The Bank of Ghana, (BoG), is expecting US$200million as the second tranche of the cocoa syndicated loan as well as US$360 from the IMF to help stem the speed depreciation of the cedi which is currently trading at GHC14.25 to the American green back on the retail market.

The 2024 edition of the Awards spotlights infrastructure, sustainability, and gender equality. A total of 59 institutions and individuals have passed first round judging and are in the running for the Awards – the highlight of Africa’s banking calendar. 

Based on recent data from the International Energy Agency, the global oil market fell into deficit (with demand outstripping production) in the first quarter of 2024. Due to this evolving supply-demand dynamic and rising geopolitical pressures, we revised up our oil price forecasts, with dated Brent Blend to remain above US$80/barrel until late 2025. This will lift inflationary pressures in many countries at a time when their currencies are losing ground against the dollar.

The decline in maize prices was attributed to competitively priced offers from the Black Sea region, larger production in major exporters, and favorable prospects for the next harvest, with global maize production in the 2023-24 season expected to increase by 6.0% to an all-time high.

Pensioners alarmed as ILO warns of depleted SSNIT reserves by 2036

This assertion is stemmed from the current downward trajectory of the Ghana cedi and the cyclical election-year trends, where governments loose control of the economy.

The Country Managing Partner of Deloitte Ghana opines that, Ghana has reached a stage where all must chart a common course toward building hope and confidence in the economy and position it for a brighter future.

AgriTech Challenge Pro was introduced by KIC to provide young people with entrepreneurial skills within the agricultural sector.