Market watcher, Constant Capital, is predicting that further policy rate hikes for the rest of this year remain unlikely, following the cumulative 750-basis points hike; however, this is dependent on inflation outcomes. In the first half of the year, the Monetary Policy Committee (MPC) of the Bank of Ghana hiked...
Mining of the precious metal called gold is a lucrative business with operations spread across the various continents with the exception of Antarctica (Metals Focus & World Gold Council, 2020). In 2019, forty-three (43) countries produced 3,272.7 metric tonnes of gold. Stability in the price of gold per ounce has...
It is an ever-inspiring breeze on the Kwahu Ridge all year round, and even more so during Easter when people from all walks of life and nationalities throng here to celebrate the long holiday. With activities ranging from paragliding, hiking, carnivals and street jams, the indigenes, that is, the Kwahu...
Government’s pay policy implementer, the Fair Wages and Salaries Commission (FWSC), is stirring a debate on the importance of building stronger traditional labour groups as the phenomenon of splinter labour organisations seem to be gaining momentum. According to the FWSC, many traditional labour unions - including the Trade Unions Congress (TUC)...
Global Credit Ratings (GCR), an international rating agency, has upgraded Fidelity Bank Limited’s national scale long-term issuer rating from A to A+, and has affirmed the bank’s short-term issuer ratings of A1 with a Stable Outlook. GCR lists Fidelity Bank’s sound domestic franchise, good distribution network and local geographic diversification,...
It is a norm for governments all over the globe to seek extra funding from the international capital market to finance their budgets and execute earmarked infrastructural projects. OECD nations, a united front for mostly developed countries who share their common eco-social problems and collaborate on finding solutions, are...
Ngozi Okonjo-Iweala’s global finance expertise would serve the WTO well given the nexus between trade and finance. The next director-general of the World Trade Organisation (WTO) will replace Brazilian Roberto de Azevedo, who has served since 2013 and plans to step down at the end of August, a year before...
Nyonkopa Cocoa Buying Limited and Barry Callebaut Ghana, subsidiaries of Barry Callebaut Group - a global leader in the chocolate industry, has joined the COVID-19 fight by donating handwashing kits to Cocobod for distribution to cocoa farming communities. The items - valued at US$2,500 - include 300 Veronica buckets, liquid...
… as US Exim Bank supports 1D1F with US$300m facility Trade and Industry Ministe,r Alan Kyerematen has made a strong case for Ghana during the US President’s Advisory Council on Doing Business in Africa (PAC-DBIA) virtual Roundtable held on Wednesday, June 2, 2021. The PAC-DBIA advises the US President, through the...
The country’s largest power producer, the Volta River Authority (VRA), is seeking to privatize most of its non-core businesses, as the Authority strategises to become one of the leading power producers in the sub-region. The initiative is also meant to ensure a more transparent budgeting for tariff requests by the...