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Ghana, IMF agree to set up new Africa Regional Technical Assistance Center in Accra
The International Monetary Fund and Ghana have signed a memorandum of understanding (MoU) to establish a new Africa Regional Technical Assistance Center (AFRITAC) in Accra.
When completed, the centre will be the second in West Africa after…
Energy crisis could slow Ghana’s growth – IMF
The International Monetary Fund (IMF) is of the view that the current energy crisis in Ghana if not resolved could curtail the country’s economic growth.
In a mission assessment of Ghana’s economy, the Washington-based Fund noted that…
Sub-Saharan Africa’s economy to expand at least 5% in next three years – World Bank
The World Bank is predicting at least a 5% economic growth on average for sub-Saharan Africa in 2013-2015.
This will be as a result of commodity prices worldwide and strong consumer spending in Africa which will ensure the region remains…
IMF calls on Ghana government to control ballooning wage bill
The International Monetary Fund (IMF) is calling on the Ghana government to control the rising wage bill which could affect the country's transformation agenda.
Ghana’s wage bill rose by 47% in 2012 and this has had a toll on the country’s…
IMF predicts10% fiscal deficit for Ghana end of 2013
Ghana’s fiscal deficit will hit 10% by the end of 2013, the International Monetary Fund predicted today April 12, 2013 after its Mission assessed the country’s economy.
Ghana’s deficit reached 12.1% end of 2012 after overshooting the 6.7%…
Piracy costs global economy about $18b a year – World Bank
A new World Bank report launched in the Somali capital, Mogadishu puts the cost of piracy to the global economy at about $18 billion a year.
In a statement issued today April 11, 2013 and copied to ghanabusinessnews.com, the World Bank…
Ghana rises to 95th in 2013 WEF digital rankings
Ghana moves up two places in the 2013 digital rankings of the World Economic Forum (WEF) published today April 10, 2013, with an improved score of 3.51 out ten.
The 2013 Networked Readiness Index was part of this year’s edition of the…
Lump sum payment of allowances could ‘hurt’ economy – Terpker
The Minister of Finance and Economic Planning, Mr Seth Terkper, has stated that the current industrial unrest could have dire consequences for the country’s economy, if labour remains entrenched in its demand for immediate lump sum…
Four African countries lose $7.2b to child undernutrition – Report
A preliminary report on cost of hunger from a study in four piloted African countries has revealed that at least $7.225 billion is lost to child undernutrition in those countries.
The four countries are Egypt, Ethiopia, Swaziland and…
UK firm to drill oil well offshore Accra
Australian-based Tap Oil says April 8, 2013 it has awarded the Accra Joint Venture Drilling Rig Services contract to Stena Drilling, a UK firm based in Aberdeen.
Stena is to drill the Starfish-1 well located at the offshore Accra Contract.…