Fred Avornyo

217 Articles

Global Leaders at COP29 Push for New Climate Finance Goals to Safeguard Economies and Accelerate Clean Energy Investments

COP29 leaders urge global cooperation to set new climate finance goals, boost clean energy investments, and strengthen economic resilience against…

2 Min Read

Weak Cedi Reduces Impact of Cocoa Price Increase, as Togo Remains Most Attractive Market, and Ivory Coast Still Offer Better Deal

Ghana's cocoa price increase is undermined by cedi depreciation, making it less competitive than Togo, with calls for reforms to…

4 Min Read

Government Hikes Interest Rates to Meet Borrowing Target

Government raised GH¢5.8 billion by increasing treasury bill rates, but rising inflation and investor preference for short-term instruments strain its…

3 Min Read

All You Need to Know About COP29

COP29 in Baku will focus on climate finance, emissions reduction, and global cooperation to limit temperature rise, amid increasing extreme…

4 Min Read

Yam Price Debate: GSS Confirms a 67% Price Increase Compared to Last Year

The Ghana Statistical Service revealed yam prices in October 2024 increased by 67.2% compared to 2023, reflecting food security concerns…

2 Min Read

Government Barely Met its Treasury Bills Target After Hiking Interest Rates, One-Year Note Crosses 29%

The Ghanaian government marginally exceeded its treasury bills target by 1.7%, raising interest rates to attract investors, with the 91-day…

2 Min Read

Lingering Effects of DDEP: Investors Still Struggling to Access Their Own Funds

Many Ghanaians still struggle to access their investments due to the lingering effects of the Domestic Debt Exchange Programme, causing…

5 Min Read

Centamin Shareholders Approve Acquisition by AngloGold Ashanti

Centamin shareholders approved its acquisition by AngloGold Ashanti, with over 98% support. The deal is set to be finalized by…

2 Min Read

Dollar Hits GH¢17 at Forex the Bureaux

The US dollar hits GH¢17, driven by high demand despite government assurances, raising concerns about inflation and worsening the cost…

3 Min Read

91-Day Bill Crosses 26% Interest Rate Amid Government’s 11% Over-subscription and Lower Borrowing Target

Government secured an 11% over-subscription on treasury bills but raised interest rates, reflecting cautious investor sentiment despite reduced borrowing targets.

3 Min Read

Importers Face Duty on Electric Vehicles Despite Gov’t’s Exemption Promises

Despite government promises of duty exemptions for electric vehicles, importers still face taxes, with exemptions limited to government-imported buses, sparking…

3 Min Read

Undertaking Domestic Debt Exchange was Key to Record Debt Restructuring – Finance Minister

Ghana's Finance Minister credits domestic debt restructuring, transparency, and simplicity for completing the country's debt restructuring in nine months, ensuring…

3 Min Read

IMF to Address Ghana’s Potential Return to Capital Market

The IMF will address Ghana's plans to return to the capital market, following a debt restructuring that raised concerns about…

2 Min Read

Ghana Makes Steady Progress at Setting Up its First Nuclear Plant

Ghana is progressing towards its first nuclear plant, evaluating proposals from Chinese and American companies, with construction expected to begin…

2 Min Read

First Private Commercial EV Bus Marks One Month in Operation

Smart Transit Ltd celebrates the first month of Ghana's first private commercial EV bus service, attracting over 5,700 passengers and…

3 Min Read