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Ghana records $780m investment inflows into mining sector in 2011
...As mining companies make $4.7b in mineral revenue
Ghana’s mining sector received investment inflows of $780 million in 2011, the Chamber of Mines has said citing official figures from the Minerals Commission.
The 2011 investment was up…
Ghana Parliament approves $9m IFAD financing agreement for rural agric programme
Ghana's Parliament on Friday approved a supplementary financing agreement between Ghana and the International Fund for Agricultural Development for an equivalent of $9 million for the Rural and Agricultural Finance Programme.
The purpose…
Some Ghana banks have more foreign than domestic currency in total deposit – BoG
The Bank of Ghana says some banks in Ghana have more foreign currency than they have domestic currency, the Ghana cedi in their total deposits.
The governor of the central bank, Mr. Kwesi Amissah-Arthur said these at a press conference in…
Ghana’s currency falls by 15% against US dollar in first five months of 2012
The Ghana cedi has fallen by 15.1% against the US dollar during the first five months in 2012, the Bank of Ghana (BoG) said June 13, 2012.
The fallen percentage of the national currency is comapred to 1.9% depreciation it recorded in the…
Ghana’s public debt increases to GH¢25.8b in April
Ghana's stock of public debt was GH¢25.8 billion at the end of April, 2012 the Bank of Ghana says.
It increased from the GH¢24 billion recorded at the end of 2011.
"In relation to GDP, the total public debt increased from 42.6 per cent…
Mining companies in Ghana make $4.6b revenue from gold sales in 2011
Revenue made from gold mined in Ghana and sold on the international market was $4.6 billion in 2011, up from $3.6 billion in 2010, according to figures released June 6, 2012 by the Ghana Chamber of Mines.
Despite a fall in gold production…
Africa’s exports to US hit $51.8b as Ghana misses out on AGOA in 2011
As the United States prepares to meet African countries to discuss the African Growth and Opportunity Act (AGOA), we bring you some statistics of trade under the AGOA in the year 2011.
Surprisingly, Ghana seems not to be benefitting from…
MIGA, Korea sign pacts to up investment into developing countries
The Multilateral Investment Guarantee Agency (MIGA) and two Korean government agencies have teamed up to promote investment in developing countries by Korean firms.
To this end, the political risk insurance arm of the World Bank Group on…
Ghana’s non-traditional exports rise to $2.4b in 2011
Ghana's Non-Traditional Exports (NTEs) amounted to $2.423 billion in 2011, representing an increase of 48.74 per cent in value over the $1.629 billion recorded in 2010.
Dr Kwadwo Owusu Agyeman, Chief Executive Officer of Ghana Exports…
World food prices drop sharply in May 2012 on strong US dollar – FAO
Global food prices have dropped sharply in May 2012 due to generally favourable supplies, growing global economic uncertainties and a strengthening of the US dollar, the UN Food and Agriculture Organization (FAO) said today June 7, 2012.…