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Ghana considering floating rare $50bn Century Bond

Ghana may soon join the likes of Argentina, Austria and Mexico to issue the rare 100-year bonds to finance national projects. President Addo Dankwa Akufo-Addo announced this at a ceremony in Beijing to sign some eight Ghana-China co-operation agreements. “The Ministry of Finance and the economists in Ghana are looking …

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Ghana, China sign co-operation agreements for development

Ghana and China have signed eight Co-operation Agreements and Memoranda of Understanding, in different sectors of their respective economies, aimed at deepening the ties of co-operation and the bonds of friendship that exist between the two countries. The agreements were signed on Saturday, 1st September 2018, after the President of …

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UK to invest £20m to boost job creation, infrastructure development

The United Kingdom (UK) government has announced plans to invest 20 million pounds into the Ghanaian Economy with the aim of boosting government’s job creation efforts and infrastructure development through a programme dubbed “The Jobs and Economic Transformation Programme.” The UK Minister of State for Africa at the Foreign and …

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IMF commends BoG for banking sector clean up

The International Monetary Fund (IMF) has described the recent Bank of Ghana action on some banks as crucial for stability and confidence in the financial sector. IMF country representative to Ghana, Dr Natalia Koliadina, told Joy Business although the BoG clampdown is belated, the timing is still right. “I think …

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UMB funds US$10.7m 1D1F starch factory

Universal Merchant Bank (UMB) has signed a US$10.7million funding agreement with Central Sugar Company Limited for the establishment of a starch processing factory at Prang in the Pru district of the Brong-Ahafo Region. The agreement is the first-ever ‘One District, One Factory’ (1D1F) project financed by a private financial institution …

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