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Weekly Market Watch
Ghana's public debt rises marginally in Nov 2015
Ghana’s public debt increased slightly as at November 2015 to GH¢93 billion from GH¢92 billion in...
TOR resumes operations
The Tema Oil Refinery (TOR) has finally resumed operations after shutting down for almost a year due some serious...
COCOBOD eyes 1.6m tonnes of cocoa by 2026
Ghana expects its annual cocoa output to rise to 1.6 million tonnes by 2026. This will be made possible through the...
Power barge connected to national grid
The Ghana Grid Company (GRIDCO) has connected the power barge to the national...
VRA resumes gas off-take from Ghana Gas
The Ghana National Gas Company (Ghana Gas) has begun the supply for an average 109 million standard...
Kenya can handle a U.S. rate hike
According to the Governor of the Central Bank of Kenya Mr. Patrick Njoroge, the country’s...
Power barge sets sail Tuesday
The first power barge to produce 225 megawatts of electricity to ease the continuing power cuts in...
Tullow to go ahead with production activities in...
Tullow Oil plc is on the go with its production activities in Ghana despite the sharp decline in...
Ghana seeks fresh Eurobond this year
After issuing a $1 billion Eurobond at a coupon rate of 10.75% this month, the Finance Minister,...
Ghana public debt exceeds pre-HIPC levels
Ghana’s public debt now exceeds pre-HIPC levels, according to the International Monetary...
Ghana’s oil output to hit 500,000 barrels daily
Ghana’s oil output could reach 500,000 barrels of crude oil per day by 2024, following the...
GDP for first half of year lower than target
Ghana’s total expenditure, including payments for the clearance of arrears for the first half...
IMF Board approves disbursement of $116m to Ghana
The IMF board has approved the disbursement of US$116 million dollars to Ghana, after the Board met...
ADB re-opens Initial Public Offer
The Agricultural Development Bank (ADB) yesterday, announced the re-opening of its Initial Public...
Fuel prices to go down
Prices of fuel are expected to be reviewed downward today following a drop in oil prices on the...
WB to approve $400m as guarantee for Ghana’s...
The Board of World Bank Group will today meet in Washington DC to approve some $400 million as...
IFC to advice on who runs ECG
The Millennium Development Authority (MiDA) has signed a contract with the International Finance...
Power supply to worsen
The Volta River Authority (VRA) is planning to reduce the operating capacity of the Akosombo Dam...
BoG increases supply of dollars to stem cedi fall
The Bank of Ghana (BoG) has started releasing more Dollars onto the market to curb the fall in the...
Government debt to BDCs hits GH¢3.4bn
Government’s indebtedness to the Bulk Oil Distribution Companies (BDCs) reached about...
GCB to maintain lending rates
According to Mr. Simon Dornoo, Managing Director of the bank in spite of the 100 basis points...
BoG trades off interest rates
The Bank of Ghana is trading off interest rates hikes to save the local currency which continues to...
Ghana risks spending higher than projected...
According to the World Economic and Financial Survey Report released by International Monetary Fund...
Ghana’s economy to rebound
Finance and Economic Planning Minister, Mr. Seth Terkper, has assured Ghanaians that the nation...
BoG to issue another domestic bond
The Bank of Ghana (BOG) will today auction a GH¢400 million 3 year fixed rate...
IMF sets deadline for monetary policy overhaul
As part of the recently announced IMF US$918million bailout programme, the Bank of Ghana has been...
IDB to Support Ghana’s economic agenda
The president of the Islamic Development Bank (IDB) Group, H.E. Dr. Ahmad Mohamed Ali Al Madani,...
Nigeria Signs nuclear power deal with Rosatom
Nigeria is in talks with Russia’s Rosatom State Atomic Energy Corporation to build as many as...
Atuabo plant to shut down
Atuabo Gas Processing Plant is expected to be shut down temporarily for mandatory maintenance...
Ghana pulls out of $1b Bank of America loan
Ghana dropped a plan to borrow money from Bank of America to focus on selling $1 billion in...
Morocco Central Bank revises currency basket...
Morocco’s central bank said it has revised the Moroccan Dirham’s currency peg after the...
GRIDCo signs US$67m Prestea-Kumasi transmission...
The Ghana Grid Company (GRIDCo) has signed a US$67million deal with a consortium made up of GS...
GNPC to cut loan due to crude price dip
According to Mr. Alex Mould, Chief Executive Officer of Ghana National Petroleum Corporation...
Economy to grow slowest in a decade
The International Monetary Fund (IMF) has projected that non-oil GDP for Ghana will expand by 2.3%,...
BoG to restore Cedi with IMF bailout
The Bank of Ghana (BoG) will receive the first tranche of the International Monetary Fund (IMF)...
NPA maintains fuel prices for April
The National Petroleum Authority has kept the prices of fuel unchanged for the month of...
Ghana to hit cocoa beans production this year
According to the Suhum District Cocoa Officer of the Health and Extension Division of the Ghana...
Common ECOWAS Tariff set for July 2
Ghana is expected to start implementing the Common External Tariffs (CET) regime by July 2, 2015,...
Goldfields to list on the GSE
Goldfields Ghana has disclosed that it is working to list on the Ghana Stock Exchange (GSE) within...
Ecobank Ghana posts impressive 2014 results
Financial results released by banks in the country show that the Pan African Bank, Ecobank Ghana...
Ghana Gas looks for a new gas buyer
The Ghana National Gas Company (GNGC) is scouting for a prospective company that can buy its...
Tullow Oil hit by ratings downgrade on Ghana risk
Tullow Oil has been hit by a downgrade to its debt default rating just weeks after the company...