Fred Avornyo
Cedi Depreciation Worsens as Dollar Hits GH¢16.40 at Forex Bureaux
The cedi continues to depreciate, with the dollar reaching GH¢16.40 due to increased demand, despite efforts to stabilize the currency…
GH¢200 Million Invested in One Village One Dam, But Crops Perish After Two-Month Drought
The One Village One Dam initiative, despite GH¢200 million investment, failed to mitigate drought in northern Ghana, raising concerns about…
Government Overspending Looms as Treasury Bills Borrowing Surges Amidst New Projects
Government borrowing and new projects surge ahead of elections, raising concerns of potential overspending and economic instability similar to previous…
Did COCOBOD CEO Mislead? Finance Minister Clarifies Cocoa Syndicated Loan Status
Contrary to earlier claims, COCOBOD is still negotiating a reduced $600M syndicated loan, amid concerns over its impact on the…
NDC Unveils Tech-Focused Agenda to Propel Ghana into the 4th Industrial Revolution
The NDC plans to boost Ghana's digital economy by promoting tech businesses, launching a $50M FinTech Growth Fund, and advancing…
Cedi Depreciation Resumes After News of No Cocoa Loans, Crossing GH¢16 to the Dollar
The cedi's depreciation past GH¢16 is linked to the absence of the annual cocoa syndicated loan, raising concerns about market…
Interest Rates on Treasury Bills Drop though Government Missed Target for 7th Consecutive Week
Government missed its borrowing target for the 7th consecutive week, with treasury bill interest rates dropping slightly amid investor preference…
Dr. Bawumia Admits Ghana’s Economy Was on the Verge of Collapse in 2022
Dr. Bawumia admitted Ghana's economy was near collapse in 2022, citing high inflation and debt, and credited his "Gold for…
Fears of Supply Disruptions as LPG sector fight rages on
Ongoing disputes in Ghana's LPG sector between marketers and suppliers SAGE and Blue Ocean could lead to supply disruptions, with…
Cedi Falls a Day After COCOBOD Announced Decision to Abandon Syndicated Loan
The cedi weakened after COCOBOD abandoned its cocoa syndicated loan, leading to concerns about dollar inflows and potential further depreciation…
No Cocoa Syndicated Loan could push weak LBCs Out Of Business If alternative is not found in good time
COCOBOD's failure to secure a $1.5 billion loan threatens the survival of weak cocoa buying companies and could destabilize Ghana's…
COCOBOD Abandons Syndicated Loan, Turns to Domestic Market Amid Struggles with International Lenders
COCOBOD abandons efforts to secure international loans, turning to domestic funding due to low cocoa production, potentially affecting cedi stability…
COCOBOD abandons Syndicated Loan and Turns to Domestic Market to Raise Funds
COCOBOD shifts from international loans to domestic funding due to low cocoa production, impacting cedi stability and export revenue.
Abena Osei Asare Steps Down as Non-Executive Director of ADB
Abena Osei Asare resigned as a Non-Executive Director of Agricultural Development Bank after six years, due to recent appointment to…
Cedi gain short-lived, as the dollar goes up on Monday
The cedi's brief gains from last week were lost on Monday as the dollar strengthened, despite high dollar supply on…