Business News of Sunday, 27 October 2024 Source: www.ghanaweb.com GHA workers have requested broader stakeholder consultations Workers at the Ghana Highway Authority (GHA) have threatened to commence on an industrial action if the government’s plan to implement the National Roads Authority Act, 2024 (Act 1118), is not halted. The Act, passed earlier this year, aims to consolidate road sector functions under ...

Business News of Sunday, 27 October 2024 Source: GNA Managing Director of the International Monetary Fund Kristalina Georgieva The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, , has lauded Ghana on its debt restructuring process. Kristalina Georgieva also applauded the country for reaching a Staff-Level Agreement with the Fund’s Mission team on its third review of the ongoing ...

Business News of Wednesday, 16 October 2024 Disclaimer Source: Felix Nyarko, Contributor Professor Kingsley Nyarko, Deputy Minister for Education in charge of TVET The Deputy Minister for Education in charge of TVET, Prof. Kingsley Nyarko, has observed that STEM and TVET education play a critical role in driving technological advancements and fostering a culture of hands-on problem-solving that every economy desperately ...

Business News of Wednesday, 16 October 2024 Source: www.ghanaweb.com US-Dollar denominated bonds upgraded Fitch Ratings has assigned a CCC+ rating to Ghana’s new US dollar bond, issued on October 9, 2024. The ratings agency also upgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to CCC+’ from ‘CCC’. It also affirmed Ghana’s Long-Term Foreign-Currency (LTFC) IDR at ‘RD’. Fitch also has ...

Business News of Tuesday, 15 October 2024 Disclaimer Source: classfmonline.com   Ghana’s debt restructuring continues The government of Ghana has officially resumed payments on its Eurobond debts following the successful completion of a debt exchange programme with bondholders. The Ministry of Finance confirmed a total payment of $520 million, which includes a $120 million consent fee to bondholders who accepted the ...

Business News of Monday, 7 October 2024 Disclaimer Source: GNA Dr. Mohammed Amin Adam, Minister for Finance Dr Mohammed Amin Adam, Finance Minister, says foreign companies are returning to Ghana due to the country’s economic rebound. He said just as it was heard of some foreign companies exiting the country due to the economic hardship, many had started returning, owing to ...

Business News of Friday, 4 October 2024 Source: www.ghanaweb.com   IMF Mission Chief for Ghana, Stéphane Roudet The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on the third review of Ghana’s US$3 billion extended credit facility. This comes after Ghana recently achieved 98% participation and consent solicitation from Eurobond holders in the restructuring of the country’s external debt. According ...

Business News of Thursday, 3 October 2024 Disclaimer Source: bloomberg.com Cars The European Union is pressing ahead with plans for a new border control system to handle the hundreds of millions of people who visit the bloc every year, although there are doubts that it will be ready in time for next month’s launch date. The EU says the Entry/Exit System, ...

Business News of Thursday, 26 September 2024 Source: aviationghana.com Kotoka International Airport Terminal 2 The Ghana Airports Company Limited plans to relocate all regional airlines from Terminal 3 (T3) to T2 as part of efforts to “decongest” T3 and revitalize T2 of the Kotoka International Airport (KIA). The exercise targets regional airlines including Air Cote D’Ivoire, ASKY Airlines, Ibom Air, Air ...

General News of Wednesday, 25 September 2024 Source: www.ghanaweb.com One of the main uses of tantalum is in the production of electronic components A team of Ghanaian researchers has discovered a new mineral, tantalum, at Bewadze-Mankoadze in the Kibi-Winneba Belt of southern Ghana. This mineral is found in significant quantities within an igneous rock known as pegmatite. According to a report ...