Day: October 4, 2024

Ghana is set to resume the payment of debt it owes to Eurobond holders in about two weeks, having successfully completed its US$13 billion external debt exchange programme. Meanwhile, the repayment of debt owed to the Official Bilateral Creditors has been postponed to 2028, Dr Mohammed Amin Adam, Finance Minister, announced at a press in Accra on Thursday, October 3. ‘By the 98 per cent we’ve achieved, we’ve all consented to the exchange, but the actual exchange will take place over the next two weeks, and once we exchange, it means that we can start servicing our debts,’ he said.

The Upper West Regional Department of Gender has engaged some communities in the Region to develop community-specific action plans towards promoting peace and security in their communities. That was under the United Nations Population Fund’s (UNFPA) Peace Building Fund (PBF) project being implemented in border communities in two districts of the region. The communities were Fielmuo, Zini, and Jeffisi in the Sissala West District and Dorimon, Kpila and Olli in the Wa West District. The action plans outlined the strategies by the communities towards averting conflicts and identifying and reporting suspected security threats within their communities, homes, and workplaces. The

Madam Proscovia Nabbanja, the Chief Executive Officer (CEO) of Uganda National Oil Company, says it is critical for African governments to build the capacities of its people to create indigenous experts that can explore the continent’s rich oil and gas resources. She said Africa’s oil and gas resources presented significant opportunities for growth, however, countries continued to face the challenges of translating oil wealth into long term economic benefits for the people. Madam Nabbanja said: ‘Certainly, oil and gas projects are capital intensive and require long term commitments… the ability to develop local capacities to create indigenous giants that can

The nation’s oil and gas sectors have grown significantly in recent years, as a pillar in the progressive growth and development of the economy, Madam Justina Owusu-Banahene, the Bono Regional Minister has said. For instance, she cited that while the mining sector’s contribution to the country’s Gross Domestic Product (GDP) declined from GH?11.449 billion in 2020 to GH?10.105 billion in 2021 representing a decrease of 11.7 per cent, it increased to GH?13.025 billion in 2022, representing 28.9 per cent climb. These trends, according to Madam Owusu-Banahene, therefore called for prudent public financial management measures to ensure that such developments did

Maxwell Opoku-Afari, Deputy Governor, Bank of Ghana, says the Electronic Money Issuers (EMI) Chamber would break the advocacy gap of money issuers in Ghana. He said the challenges, opportunities, and risks faced by electronic money issuers required specific specialised advocacy and coordination, which EMIs Chamber had the requisite expertise to perform. The Deputy Governor spoke at the launch of the EMIs Chamber of Ghana, a newly established industry association created to promote the growth and development of Ghana’s electronic money services. The Chamber will create a collaborative platform for industry stakeholders, regulators, and policymakers to work together towards a vibrant

Ghana’s coach, Otto Addo, has mentioned the respect he has for Sudan’s coach, Kwesi Appiah as the two face-off in the 2025 Africa Cup of Nations (AFCON) qualifiers. The Black Stars of Ghana would face the Falcons of Sudan on Thursday, October 10, 2024, at the Accra Sports Stadium before travelling to Libya for the reverse fixture on Tuesday, October 14, 2024. Otto Addo, speaking at a news conference to announce his 25-man squad for the double-header, expressed his admiration for Kwesi Appiah for what he has accomplished for Ghana’s Black Stars, having previously captained the team. ‘I respect Kwesi

Black Stars head coach Otto Addo has named a 25-man squad for Ghana’s upcoming 2025 African Cup Nations (AFCON) qualifying double-header against the Falcons of Sudan. The Black Stars would face Sudan on Thursday, October 10, 2024, at the Accra Sports Stadium before travelling to Libya for the reverse fixture on Tuesday, October 14, 2024. Ghana, who are third in Group F with just one point from two matches, will be looking for their first win in a very challenging group that is presently topped by Angola with six points and Sudan with three. Niger is at the bottom of