Ghana Economics

Ghana to Use $1 Billion to Restructure Power Deal,Ghana pays producers $450 million annually for excess powers

  Ghana plans to use as much as $1 billion of the Eurobonds it sold last week to help restructure the country’s obligations to independent power producers, said Finance Minister Ken Ofori-Atta.  The West African country is in talks to re-negotiate supply deals with the power companies known as IPPs. The currently take-or-pay agreements mean the government is billed even […]

Ghana Timbers

Ghana has timber and cocoa, in fact it’s one of the largest producers at the global level

Ghana, a resource rich nation with twin threats story by: Abdur Rahman Alfa Shaban Ghana, the West African country sandwiched by French speaking Togo to the east and Ivory Coast to the west, is one of the endowed nations in terms of natural resources. The Gold Coast, going by its former name, rings a resource bell. […]

Currency of Ghana

Ghana’s Cedi -Best performing currency against U.S. dollar,Central Bank’s tight monetary stance is also supporting the Cedi.

Ghana’s Cedi, which is the world’s best-performing currency against the dollar this year, has recently extended its advance as investors await a Eurobond sale that will bolster the government’s reserves. The currency of the world’s second-biggest cocoa producer has strengthened by 3.9% in 2020. The country just concluded a series of meetings with international bond […]

Emerging Trends in the financial service sector,Fintech set to disrupt over $4.7 billion in global financial sector revenue

Over the years, the financial sector has evolved and introduced what we now know as fintech – which is simply the application of digital technology to financial services and products. The evolution has been vast, ranging from mobile banking to payment processors, online investment and savings platform, loans and many more. The technologies are endless […]