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Afreximbank stands tall in trade development and finance – AfDB President

Dr Akinwumi Adesina, President of the African Development Bank (AfDB), said the African Export-Import Bank (Afreximbank) has become a reputable and solid regional development finance institution, meeting significant financing needs in trade development and trade finance in Africa. Afreximbank and the African Development Bank have enjoyed a collaborative and productive …

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CPC in talks with banks to restructure $20.5m debt

Cocoa Processing Company (CPC) is in talks with a syndicate of banks to restructure its $20.5 million debt to be payable in five years, Nana Agyenim Boateng, the Managing Director, said on Tuesday. The Company is also in discussions with Ghana Cocoa Board (COCOBOD) and the Cocoa Marketing Company to …

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Auditor-General wants power to prosecute as he rejects payment of over GH¢5.4b

The Audit Service has rejected a total of GH¢5.479 billion out of the liabilities of GH¢11.279 billion submitted by the Ministries, Departments and Agencies (MDAs) to the Finance Ministry for payment. He is also asking the Attorney-General to empower his office to be able to prosecute offenders. This was based …

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Commercial airlines around the world made estimated $34.5b profit in 2017

Commercial airlines operating around the world have made an estimated net profit of $34.5 billion as global passenger traffic results show demand for air travel has risen. In 2016 the industry made net profit of $35.3 billion and $38.4 billion is forecast for 2018. While African airlines made net profit …

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Africa can finance its education – Akufo-Addo

Africa cannot depend on others to finance education on the continent, when it has the wherewithal to do so, President Nana Addo Dankwa Akufo-Addo has said. He said Africa has the resources and capacity to finance access to quality education of its citizens, and also promote the interests of the …

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Institutional investors now want more information about companies, including business strategy

Institutional investors with several trillions of dollars worth of assets under their management now want much more information about companies’ boards and business strategy. A new survey by Morrow Sodali, which is the third in the series says institutional investors managing assets worth $31 trillion want companies to give more …

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World Bank report finds rise in global wealth, but inequality persists

A new World Bank report says global wealth grew significantly over the past two decades but per capita wealth declined or stagnated in more than two dozen countries in various income brackets. Going beyond traditional measures such as GDP (Gross Domestic Product), the report available to the Ghana News Agency …

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Ghana tops Africa in 2018 Rule of Law Index

Ghana is the best performer in sub-Saharan Africa in the 2017-2018 Rule of Law Index released Wednesday January 31, 2018 in Washington DC. The Index by the World Justice Project (WJP) an independent, multidisciplinary organization working to advance the rule of law around the world, and ranks 113 countries of …

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