Ghana can boast about its successes, but troubling government finances have been the norm, with fiscal slippages regularly occurring in election years.
While the spot gold price has come off a record high hit in August, it is still up a whopping 27% so far this year at $1,931 an ounce
Ghana and Cote d'Ivoire plan to raise the price farmers get paid for cocoa by about 21 per cent. Both countries account for over 60 per cent of the global production of the cocoa bean. Chike Nwagwu, CEO of Novus Agro, joins CNBC Africa’s Esther Awoniyi for more.
Mozambique’s headline inflation remained unchanged at 2.8 per cent year on year in August and S&P Global Ratings downgraded Ghana’s long-term foreign and local currency sovereign ratings from B to B- as the COVID-19 pandemic will exacerbate the country’s fiscal challenges, with government debt increasing to over 70 per cent of GDP in 2020. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.
ACCRA (Reuters) - Ghana will reopen air borders to international travel as of Sept. 1 after closing them in March to limit the spread of the coronavirus, President Nana Akufo-Addo...
Ghana launched and handed over the Secretariat of the African Continental Free Trade Area to the African Union at a time when the Ghana Union of Traders Association has asked Nigerians in retail trading to close shops in Ghana. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss ways to address Africa's regional integration challenges.
The Nigerian government says it will take urgent steps to address the closure of retail businesses owned by its citizens residing in Ghana.
Traders say most banks in Ghana are attractively valued as most are trading below their book values and provides a good entry point for investors.