Finance
Indian investors engage stakeholders in Ellembelle on carbon solutions to agriculture
Some investors from Erda Illumine Low Carbon Solutions Company in India have engaged stakeholders in two communities in the Ellembelle District on sustainable agricultural practices and climate change resilience mechanisms.
The engagement, held at Ki…
Be deliberate about financing renewable energy, sustainability-focused projects – KPMG Ghana to banks
Kenneth Agyei-Duah, a manager in the Governance, Risk, and Compliance (GRC) Services at KPMG Ghana, has urged banks and other financial institutions to be intentional about financing projects that consider environmental, social, and governance factors…
IEA pushes for stricter 3% budget deficit ceiling
Amid the growing conversation about stringent rules to anchor fiscal policy, the Institute of Economic Affairs (IEA) is proposing, among other things, a three percent Gross Domestic Product (GDP) cap on the budget deficit.
If realised, it would be co…
GN Savings and Loans was insolvent prior to license revocation – BoG
The Bank of Ghana has reiterated that the decision to revoke the operating license of GN Savings and Loans is justified within the law and its mandate.
The central bank explains that revoking the financial institution’s license was necessary as
Naira ends the week red in absence of CBN support
The Nigerian local currency, the naira, closed the week on negative note as heavy forex demand continues to exert pressure on the exchange rate in the official window. Though there has been accretion into external reserves, the apex bank appears
Nigeria gets $2.25 billion funding boost from World Bank
The World Bank approved $2.25 billion in funding to support Nigeria’s economic reform efforts, helping to boost the supply of hard currency on the local foreign-exchange market.
The fresh funds will support Africa’s largest oil producer’s efforts to …
Norwegian fisheries research vessel completes 30-day survey in Ghanaian waters
A Norwegian Fisheries and Oceanographic Research Vessel Dr. Fridtjof Nansen has successfully completed a 30-day fisheries resource survey in Ghanaian waters.
The survey will provide the country with detailed scientific data on both pelagic and demers…
PIAC urges long-term national development plan for strategic allocation of oil revenues
The Public Interest and Accountability Committee (PIAC) has reiterated its stance on the allocation of oil revenues for development purposes to be guided by a long-term national development plan.
This plan, according to PIAC, should be approved by pa…