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African Dev’t Bank approves 2012-2016 country strategy paper for Ghana
The African Development Bank (AfDB) Board of Directors has approved its 2012-2016 country strategy paper (CSP) for Ghana, officials say.
The Bank confirmed the approval after it released the strategy paper on its website June 14, 2012.…
About 625 million people in Africa have no access to modern energy services
It is currently estimated that about 625 million people in sub-Sahara Africa do not have access to modern energy services.
These people have no access to clean energy such as electricity and LPG, relying mostly on biomass, and according to…
Ghana’s oil find deepens political rivalry – CDD
Professor Emmanuel Gyimah-Boadi, Executive Director for the Centre for Democratic Development (CDD) has observed that Ghana’s political environment has become more competitive and polarised between the NPP and the NDC since the country…
African Dev’t Bank approves $108m financing for Ghana’s industrial skills development project
The African Development Bank Group’s Board on Wednesday June 20, 2012 approved a loan and a grant totaling $108 million to finance the Development of Skills for Industry Project (DSIP) in Ghana.
The grant component of the DSIP financing…
Ghana gets first Clean Development Mechanism project
Ghana has registered its first Clean Development Mechanism project to reduce greenhouse gas emissions in the country.
The project, undertaken by Zoomlion Ghana Limited and supported by the Standard Bank Group, involves composting of…
Ghana monitoring euro banks downgrade to remove reserves
The Bank of Ghana (BoG) says it is monitoring the downgrades suffered by some banks in the Eurozone especially where the country keeps some of its reserves and resources.
Some banks in the Eurozone have been downgraded and others are…
Ghana imports $1.5b oil products first-five months of 2012
Oil imports into Ghana reached $1.5 billion in the first five months of 2012, according to the Bank of Ghana (BoG).
Oil imports in the same period of 2011 were $1.2 billion, the central bank said in a press release June 13, 2012.
Out of…
Ghana loses $1.1b of foreign reserves
Ghana’s foreign reserves fell to $4.3 billion as at June 8, 2012 from $5.4 billion in December 2011, the central bank has said.
The country's foreign reserves is less $1.1 billion between the December 2011- June 2012 time periods.…
Ecobank Ghana is most profitable of ETI group
...country's political stability credited
Ecobank Ghana is the most profitable among the Ecobank Transnational Incorporated (ETI) group.
The Group CEO of the trans-continental bank, with branches in 35 African countries, Mr. Arnold Ekpe…
IEA defends Statistical Service over instruments for measuring inflation
The Institute of Economic Affairs (IEA) at the weekend called for a review of the Ghana Statistical Services (GSS) methodology used in calculating inflation figures.
“GSS needs to review its system, especially if it is widely believed that…