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Kenya to receive $90m from AfDB to fund SMEs and boost trade finance in Africa

The Africa Development Bank (AfDB) is providing financing to SME’s in Kenya and to boost trade finance. The funding will be channeled to SMEs and local businesses in infrastructure, tradable and other transformative sector transactions in Kenya, according to a press release from the AfDB. The release notes that the …

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Benso Oil Palm makes gains on stock market

The Benso Oil Palm Plantation an Agri-business firm recorded gains of 0.5 per cent to close trading at the Ghana Stock Exchange (GSE) mid-week transaction at GH¢2.09 per share.  The GCB Bank also experienced 0.8 per cent rise to close at GH¢3.88 per share, whilst the Standard Chartered edged by …

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Ghana stock market on positive trend

The Ghana Stock Exchange (GSE) for the fourth week in January continues with positive trend and vitality as trading activities registered in ten equities with four gainers. Volume traded was 290,395 shares which were valued at GH¢354,510.30. In effect, the benchmark GSE-Composite Index edged by 0.2 per cent to close …

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Germany welcomes Ghana’s plan to minimise reliance on aid

Foreign Aid

Ambassador Georg Schmidt, Germany’s Regional Director for sub-Saharan Africa and the Sahel, has said the Government’s decision on moving away from development aid into a more business-oriented approach is very encouraging. Ghana, Mr Schmidt explained, was considered as Germany’s strong partner, stating that, the Government’s stand on foreign aid also …

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Government will provide stimulus packages to flourish businesses – Alan


Mr. Alan Kwadwo Kyerematen, the nominee for the Trade and Industry Ministry, said the Government would support existing companies to be competitive on the international market by providing them with stimulus packages. Mr. Kyerematen, the first to appear before the Appointments Committee, on Monday, explained the intervention was one of …

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Bank of Ghana to introduce new GH¢5 notes

The Bank of Ghana (BoG) will be celebrating its 60th anniversary this year and as part of the celebration it will print commemorative GH¢5 notes. Dr. Abdul-Nashiru Issahaku, Governor of the Bank of Ghana told the media at the first Monetary Policy Committee press conference for 2017, “It is visibly …

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Ghana Stock Exchange: Investors’ appetite for Ghanaian equities rise

The third week trading on the Ghana Stock Exchange (GSE) continued upward trajectory as the bullish sentiments which characterized trading persisted on the Accra Bourse as investors’ appetite for Ghanaian equities ascended. In effect, the benchmark GSE-Composite Index rose by 1.4 per cent on a week-on-week basis to close at …

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DKM not NPP government’s immediate priority

The Finance Minister-designate, Mr. Ken Ofori-Atta has given indications that refunding monies lost to depositors with the microfinance company, DKM is not of immediate priority. Mr Ofori Atta said: “It’s not in our manifesto to pay God is Love and DKM. I know that there are certain processes going on …

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Ghana, IMF to review programme – Osafo-Maafo

A team from the International Monetary Fund is to arrive on Ghana in two weeks’ time to join the Government side to begin the process of renegotiating Ghana’s deal with the global financial body. Mr Yaw Osafo-Maafo, Senior Minister Designate, said the current programme literally squeezes all the physical space out …

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UK reaffirms backing for Africa’s energy growth

The British government has reaffirmed backing for investment in “conventional energy source” to develop the power sector in Africa that will drive economic growth and development on the continent.  In an era of a raging debate on limiting the use of fossil fuels in favour of renewables, the United Kingdom …

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