The Ghanaian government will soon carry out a new operation on the international capital market, the Finance Ministry reported on a March 9 note. For this new fundraising, the country is seeking $ 5 billion to finance the 2021 budget, whose deficit is expected this year at 8.3% of GDP. Before …
Read More »IMF Forrests Unprecedented Fiscal Deficit for Ghana
The International Monetary Fund (IMF) is predicting that Ghana’s fiscal deficit will reach 16.4 per cent of GDP this year, the largest in the country’s history. The record deficit projection comes on the back of the devastating effect of the coronavirus pandemic, which caused a huge shortfall in government’s revenues …
Read More »AfCFTA: West Africa’s Biggest Fruit Processing Factory Commissioned In Ghana
As African economies warm up for the operationalisation of African Continental Free Trade Area billed for January 2021, President Nana Addo Dankwa Akufo-Addo of Ghana on Friday commissioned a 15-million-dollar Ekumfi Fruits and Juices Company Limited at Ekumfi-Nanaben in the Central Region. In August 2017 the President broke the grounds …
Read More »Ghana’s President Akufo-Addo Self-isolates After COVID-19 Exposure
President Nana Akufo-Addo of Ghana has embarked on a 14-day self-isolation after an encounter with a person within his close circle tested positive for coronavirus. the Information Minister, Kojo Nkrumah, in a statement on Saturday, July 4, said Akufo-Addo’s move was in compliance with COVID-19 protocols and the advice of …
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