Tag: African economy
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Ethiopia Reports Major Foreign Debt Restructuring Under Reform Programme
Ethiopian Prime Minister Abiy Ahmed has announced that his government successfully restructured approximately 4.5 billion dollars in foreign debt over six years, describing the...
World Bank Sounds Alarm on Ghana’s Resource Mismanagement Crisis
The World Bank (WB) has delivered a stark warning that Ghana's economic transformation hinges critically on reversing decades of natural resource mismanagement, with the...
Ghana Pays GH¢9.7 Billion in Domestic Debt Coupons
The Ghanaian government has paid GH¢9.7 billion in coupon payments to domestic bondholders, marking another step in its ongoing debt restructuring program.
The payment, made...
Asante Gold Secures US$350 Million to Boost Ghana Mining Operations
Asante Gold Corporation has completed the first stage of its $500 million financing package, receiving $350 million to advance its mining projects in Ghana.
The...
African Central Banks Rush to Gold Amid Global Uncertainty
Central banks across sub-Saharan Africa are accelerating gold purchases, seeking a shield against global financial instability and rising geopolitical tensions.
Ghana stands out, dramatically boosting...
