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Ghana slips in latest global economic competitiveness ranking
Ghana has slipped from 111th out of 144 and is now ranked 119th, out of 140 countries across the world, in the 2015 – 2016 Global Competitiveness Rankings of the World Economic Forum.
Ghana’s index in the rankings, which capture the…
Sub-Sahara Africa receives highest IFC financing for advisory services
Sub-Sahara Africa had the highest of the International Finance Corporation’s (IFC) expenditure on advisory services – $53.6 million (26.5 per cent) of a $202.1 million-expenditure on advisory services for the fiscal year 15 (July 2014 to…
Renewed commitment and financing required to spur Africa’s development after MDGs – Report
A new report says after the Millennium Development Goals (MDGs) renewed commitment and financing are needed to spur Africa’s development.
In a press release issued by the ECA, it says the annual report states that having made…
Africa asked to focus on SDGs 2 and 7 to ensure economic growth
President John Dramani Mahama has asked African countries to focus on the Sustainable Development Goals (SDGs) 2 and 7, as those would provide the continent with the needed impetus for economic growth and transformation.
The world…
Ghana’s $2.1b revenue from tourism in 2014 less than in 2013
The tourism sector, maintaining the position of fourth highest foreign exchange earner for Ghana after gold, cocoa and oil, contributed an estimated $2.1 billion to the country’s GDP, the GNA reports citing a statement signed by the…
Cyber security experts consider mobile payments unsafe – Research
A survey of 900 cyber security professionals worldwide, found that though majority perceive mobile payments to be risky, the associated risks do not deter them from its use.
Of the 900 experts, 47 per cent say mobile payments are not…
GMO products already enter Ghana – USDA
For sometime now, groups opposing the imports of genetically modified organisms (GMOs) or biotechnology products into Ghana say, these products are already being exported into Ghana.
One such groups, Food Sovereignty Ghana has indicated…
Ghana not eligible for HIPC – Sources
Contrary to reports in the media, Ghana has not been added to a list of countries eligible for debt relief assistance under the Heavily Indebted Poor Countries (HIPC) initiative.
Only three new countries have been added to the list:…
Petroleum revenues for 2014 not utilized effectively – PIAC
Ghana’s petroleum revenues for 2014 were not maximized and utilized effectively, according to a report by the Public Interest and Accountability Committee (PIAC) .
According to the committee, which is mandated by law to oversee…
Moody’s assigns provisional B1 rating to Ghana’s forthcoming bond issue
Moody’s has assigned a provisional B1 to Ghana’s proposed bond issue, but indicates that it expects to remove the provisional status of the rating upon the closing of the proposed issuance and a review of its final terms.
In an email…