US President Donald Trump has said he does not blame China for the "unfair" trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China "credit" for working to benefit its citizens by taking advantage of the US. He spoke alongside China's president Xi...
Introduction to Correspondent Banking Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
Dr Akinwumi Adesina, President, African Development Bank (AfDB), says the bank would invest 12 billion dollars in the power sector in Africa in four years with the goal of leveraging on the aviation sector. He said this while speaking with the News Agency of Nigeria (NAN) in Abuja. Adesina said the aviation...
On the occasion of the 7th anniversary of creating the Pacific Alliance, representatives of Chile - Ricardo Alen; Colombia - Claudia Turbay Quintero; Mexico- Maria de los Angeles Arriola Aguirre; and Peru - Patricia Yolanda Ráez Portocarrero, came together to join in celebration of this important anniversary, which highlights...
Today, July 5, 2020, marks the establishment of the 60 years of the establishment of diplomatic relations. Sixty years of enduring and exemplary relations and cooperation between the two countries is worth celebrating and pondering over. Ghana established diplomatic relations with China shortly after becoming a Republic in July 1960,...
President Joe Biden’s announcement that the US will have enough COVID-19 vaccines for every American by the end of May has contributed to a rising tide of optimism about the country’s economic prospects this year. This, and other good reasons to be hopeful about the economy, opens a valuable...
The Angolan Ambassador to Ghana, Admiral Augusto Da Silva Cuhna has said his country and Ghana are currently in talks to revitalise bilateral relations to encompass more areas of interest for both countries. “There will be renegotiation of the general agreement on economic, scientific, technical and cultural cooperation and political...
Kenyan and Ugandan currencies are likely to firm this week as Nigeria’s comes under pressure and Zambia and Tanzania’s hold steady. KENYA The Kenyan shilling is expected to strengthen due to inflows from the diaspora and an emergency International Monetary Fund (IMF) loan to support the economy against the impact...
African countries have fewer coronavirus cases than much of the world, but weaker healthcare systems do put the continent at risk. Lockdown measures can help prevent the virus spreading, yet governments have taken very different approaches to imposing restrictions on their populations. Are any countries lifting restrictions? Some, like Ghana, are now...
African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed. Tax Transparency in Africa 2020 - produced by the Global Forum for Transparency and Exchange of Information...