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Tag: Ghana

Ghana partners Zipline to deliver medical Supplies amid USAID disruptions
News

Ghana partners Zipline to deliver medical Supplies amid USAID disruptions

In the wake of ongoing disruptions to United States Agency for International Development-funded supply chains, the Government of Ghana has turned to the autonomous drone logistics company Zipline to ensure the continuous delivery of essential medical supplies across the country. This partnership follows a stop-work order impacting several USAID programs and a protracted review process […]

News

Ghana unveils first commercial Gold refinery in Accra

Ghana, the continent’s top producer of gold, opened its first commercial refinery in Accra on Thursday, a major step toward enhancing the value of its output and raising domestic gold revenue. The Royal Ghana Gold Refinery with a processing capacity of 400 kg/day is anticipated to refine gold from small-scale artisanal miners as well as, […]

News

Ghana’s inflation drops to 22.8% in June

Ghana’s inflation rate for June 2024 fell to 22.8%, the lowest level since April 2022. In May, Ghana’s inflation fell to 23.1%, and the country’s inflation has been falling since the beginning of 2024. Ghana’s month-to-month inflation rate in June 2024 was 2.9%, down from 3.2% in May. According to the Ghana Statistical Services, the […]

Ghana to lead Blockchain adoption in Africa, says Vice President
News

Ghana to lead Blockchain adoption in Africa, says Vice President

Ghana is poised to become the pioneer blockchain-powered government in Africa, as announced by Vice President Mahamudu Bawumia during the 14th Regional Conference and Annual General Meeting of Heads of Anti-Corruption Agencies in Commonwealth Africa, held in Accra from May 6-11, 2024. The adoption of blockchain technology in government operations represents the next phase of […]

Lagos unveils plan to tax remote workers to generate N200bn
News

Lagos, Ghanaian firm collaborate on waste management

To improve the handling of solid and liquid waste in the state, the Lagos State Government has signed a Memorandum of Understanding with the renowned Ghanaian trash management company Jospong Group of Companies. According to The Times, by reducing downstream pressure, our cooperation intends to construct a Material Recovery Facility that will drastically reduce the […]

Ghana president sacks Finance Minister amid economic crisis
Economy

Ghana president sacks Finance Minister amid economic crisis

Ghana’s President Nana Akufo-Addo has reshuffled his cabinet, relieving Finance Minister Ken Ofori-Atta of his responsibilities. According to reports, Mohammed Amin Adam, the current Minister of State at the finance ministry and former deputy energy minister responsible for the petroleum sector, is set to assume Ofori-Atta’s role. This decision unfolds amidst Ghana’s most severe economic […]

World Bank approves $300m support package for Ghana's economic recovery
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World Bank approves $300m support package for Ghana’s economic recovery

The World Bank has approved $300 million in funds to help Ghana’s economic recovery, according to a statement issued on Tuesday. According to Reuters, this came after Ghana successfully negotiated a reorganization of $5.4 billion in loans with its official creditors. The approved loan is the first in a series of three transactions totaling $300 million. The […]

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Business

Ghana’s inflation rate drops to 23.2%

Ghana’s inflation rate fell to 23.2% in December 2023, a considerable decrease from the 26.4% reported in November 2023. According to Bloomberg, to battle inflation, the Bank of Ghana’s monetary policy committee kept the policy rate at 30% in November for the third time in a year. The continuous decrease in inflation data has fueled […]

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Business

Ghana’s inflation rate drops 35.2 percent

Ghana’s inflation rate fell more than expected, from 38.1% in September 2023 to a 14-month low of 35.2% in October. The Times reported that the cocoa-producing country is in negotiations to renegotiate its obligations with bilateral and commercial creditors as it navigates the greatest economic crisis in a generation. Accra’s annual inflation rate decreased to 35.2% […]

Ghanaian fintech Dash shuts down
Uncategorized

Ghanaian fintech Dash shuts down

A Ghanaian fintech business that aims to link bank accounts and mobile money wallets across Africa, Dash, has announced that it is ceasing operations. The news of the closure was first reported by WeeTracker. Dash, a company established in 2019 by Prince Boakye Boampong, sought to provide interoperability between mobile wallets and bank accounts in […]

Ghana sees decline in headline inflation to 40.1% in August 2023
Business

Ghana sees decline in headline inflation to 40.1% in August 2023

Ghana’s headline inflation rate has dropped to 40.1% in August, the lowest in 10 months to reduce pressure on the central bank to keep raising borrowing costs. According to reports from Bloomberg, the Government Statistician, Samuel Kobina Annim stated that the annual inflation rate dropped to 43.1% in July to 40.1% in the latest data […]

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