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Ghana ranks 97th in World Economic Freedom Report 2015
Ghana has retained its 97th position, out of 123 countries in the latest World Economic Freedom Report released this week, placing it among the least free countries in the world.
The Economic Freedom of the World Report analyzes…
Ghana, other African economies at risk of future US rate hikes
Economies of several sub-Saharan African countries including Ghana are vulnerable to risks posed by future US rate hikes, rating agency Moody’s has said.
In a report summary copied to ghanabusinessnews.com, Moody’s warns that several…
Too early to assess AngloGold, Randgold agreement on Obuasi mine – Moody’s
Moody’s Investors Service says it is too early to assess the agreement by AngloGold Ashanti and Randgold Resources Ltd.
The two formed a joint venture to redevelop and operate the Obuasi mine in Ghana .
AngloGold Ashanti and Randgold…
IPPs concerned about ECG, tariffs and investment security
Discussions at the Powering Africa investment summit in Accra, were dominated by investment security concerns from independent power producers (IPPs), and Ghana's electricity tariff regime which they find unattractive.
The concerns…
Ghanaians to pay more for electricity in the future
The cost of electricity is expected to rise in the future as Ghana drifts from hydro-electric power, which is relatively cheaper, to thermal energy.
As government moves to address the energy crisis, which is attributable in part to…
Minister gets his geography wrong at Powering Africa Summit
The Minister for Power, Dr Kwabena Donkor goofed while delivering a speech on Thursday at the opening of “Powering Africa” –a two-day energy investment summit in Accra.
Dr Donkor said that both longitude zero degrees, also known as…
Ghana imports peak in August, Cocoa exports at their lowest
Cocoa exports were at their lowest in August while imports for the month were at their crest since the year began, according to data from the Bank of Ghana.
Cocoa exports reached $67.2 million in August, after plummeting through the year…
Ghana’s struggling poultry industry to get US help
Ghana's struggling poultry industry is hoping for help from the United States Department of Agriculture (USDA) to turn it around.
Crippling competition from its counterparts in developed countries forces the country to import large…
Bank of Ghana unexpectedly raises policy rate to 25%
Uncharacteristic of the Bank of Ghana, it has raised the policy or interest rate from 24 per cent to 25 per cent today Monday September 14, 2015.
The central bank which usually announces the rate on Wednesdays after its Monetary Policy…
Concentrate petroleum revenue on few key sectors of the economy – IMANI
The Think Tank IMANI Centre for Policy and Education has suggested that the budgetary allocations from petroleum revenues should be concentrated within only a few priority socioeconomic areas to maximize impact.
The Think Tank believes…