A Professor at the University of Ghana Business School, Lord Mensah has told the Finance Minister Ken Ofori Atta to state clearly how the Agyapa deal will benefit Ghana. In his view, the benefits to accrue from the transaction have not been clearly stated and explained by the government. Speaking on the New Day show

Twenty four Civil Society Organizations (CSOs) including the Africa Centre for Energy Policy (ACEP), the Ghana Centre For Democratic Development (CDD) and the Centre for Extractives and Development Africa (CEDA), have, in a joint statement, said that the Agyapa deal is inherently illegal.  In their view, the President holds the minerals in trust, they are

Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2% this year to reach $630 billion. This follows an almost record recovery of 8.6% in 2021, according to the World Bank’s latest Migration and Development Brief released today. Remittances to Ukraine, which is the largest recipient in Europe and Central Asia,

Real returns on fixed-income securities are depressed with the high inflation profile, continually undermining the Treasury’s financing operations, Databank Research Weekly Fixed Income update has revealed. According to the report, the short-term interest rates are misaligned, resulting in negative real yields, which could prompt the Monetary Policy Committee (MPC) to act in the week ahead.

The head of Nigeria’s treasury has been arrested for alleged involvement in fraud and money laundering worth 80 billion nairas (€184 million), the national anti-graft agency said. Ahmed Idris, Nigeria’s accountant-general, was arrested on Monday “after failing to honour invitations” to respond to the allegations, the Economic and Financial Crimes Commission (EFCC) said in a

Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey has projected food prices in Ghana to drop but not immediately. He explained that the rising inflation in the country is due to two main factors, external and domestic. With the ongoing war between Russia and

Former Finance Minister Seth Terkper, has stated that the average inflation rate for April, which hit 23.6%, was mainly as a result of some critical personal and business expenses that went above even the current April average. April’s food inflation recorded 26.6%, higher than both last month food inflation, 22.4%, and the average of the

Egyptian Prime Minister Mostafa Madbouli has announced a series of planned privatizations of state-owned companies, as the country struggles with an economic crisis and inflation at almost 15% in April. The strategy unveiled by the government includes the privatisation of ten public companies, two of which belong to the army, and the creation of two