Ghana agrees to the restructuring of $1.36 billion in locally issued US dollar bonds and cocoa bills with banks. In order to meet the IMF deadline and obtain more financial support, the nation is looking for fresh conditions for $11.18 billion in domestic debt. When debt is restructured, loans and […]
Business
A memorandum of understanding between the UK and the EU regarding cooperation in financial services is about to be signed. It will create a forum where the EU and the UK may meet twice annually to talk about financial standards and regulation. The long-awaited move is seen as an […]
Grab, the top ride-hailing and food delivery service in Southeast Asia, announced that it is laying off 1,000 employees, or 11% of its workforce. According to the head of the business, the cost-cutting measures were necessary to maintain long-term affordability of services. The Singapore-based company provides banking services, trips, […]
After UK inflation stayed significantly higher than anticipated for the fourth consecutive month, interest rates are predicted to increase once more. The rate of inflation, which gauges how quickly prices are rising, stayed at 8.7% in May. The shocking number was driven by rising airfares and used car prices, […]
Amazon has been accused by the US of misleading people into signing up for Prime subscriptions that automatically renew and making it tough to cancel. The allegations were made in a complaint filed by the Federal Trade Commission (FTC), the nation’s consumer rights watchdog. Over 200 million people worldwide […]
BUA Group founder and billionaire Abdul Samad Rabiu, a Nigerian, has seen a stunning increase in his net worth, which has surpassed $8 billion thanks to a record $501 million rise in a single day. In the past 24 hours, Rabiu’s wealth has reached previously unheard-of heights, following in […]
Following the government’s statement on October 1, 2021, announcing a mandatory SIM re-registration drive, telecommunications companies in Ghana deleted roughly 9 million unregistered SIM cards. The National Communications Authority (NCA) and Ministry of Communications issued this directive, and those subscribers who disobeyed faced severe repercussions. Following this event, a woman […]
Ghana is anticipated to receive the first payment of $600 million from the $3 billion loan facility of the International Monetary Fund on Friday, May 19, 2023, barring any last-minute hiccups. On May 18, the IMF team and Ghana’s Finance Minister, Ken Ofori-Atta, held a press conference together. “There is […]
Just over six months after his contentious acquisition of the social media firm, Elon Musk announced Linda Yaccraino as the new CEO of the company in response to his intention to step down from the position. The billionaire said that the site’s business operations would be managed by Linda Yaccarino, […]
The Ghana cedi is expected to depreciate less by the end of the year, according to research and market intelligence company Fitch Solutions. The cedi has so far depreciated by about 14% to the US dollar in the retail market. The Ghana cedi could trade at around $12.40 to the […]
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