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Let’s invest a minimum of 30% of our reserves in multilateral institutions – Akufo-Addo to African leaders

President Akufo-Addo has suggested allocating 30 percent of Africa's sovereign reserves, currently held in foreign banks, to be invested in the continent's financial institutions....

Ghana’s growth to hit 2.8% in 2024 – AfDB

The African Development Bank (AfDB) has projected a modest growth rate of 2.8% for Ghana in 2024, a slight improvement from the estimated 1.5%...

Ghana’s inflation expected to stay above 44.7% until 2024

The African Development Bank's projection indicates that Ghana's inflation rate is anticipated to remain above 44.7 percent until the year 2024. The recently published West...

Fitch rates AfDB with stable outlook

Fitch Ratings has maintained the African Development Bank (AfDB)'s Long-Term Issuer Default Rating (IDR) at the highest level of 'AAA', with a Stable Outlook. The...

Finance Ministry, AfDB support MASLOC with over $31m grant

Ministry of Finance and the African Development Bank (AfDB) are set to provide Microfinance and Small Loans Centre (MASLOC) with a grant worth $31.34...

Post-COVID-19 recovery programme launched

Mr Ignatius Baffour-Awuah, the Minister of Employment and Labour Relations, Tuesday launched a Post-COVID Skills Development and Productivity Enhancement Programme (PSDPEP). The PSDPEP is a...

GH¢10m paid as Insurance Cover for 10,000 Health workers without policy document – AG Report

The Auditor General’s special report on Ghana’s COVID-19 expenditure has revealed that the Ministry of Health paid over GH¢10 million in insurance premiums to...

PURC Ghana ranked 4th in Africa Electricity Regulation Index (ERI) 2022

The Public Utilities Regulatory Commission (PURC), ranked fourth in the 2022 Electricity Regulatory Index (ERI) for Africa. This was made known when the African Development...

Plantain processing factory at Agogo not operational as weeds take over building

The plantain processing factory established by the Trade Ministry with funding from the African Development Bank( AfDB)at Agogo in the Asante Akyem North MUNICIPALITY...

AfDB invests $20m in Africa’s renewable energy

The African Development Bank Group (AfDB) board of directors has approved an equity investment of US$20 million in Evolution Fund III. Evolution Fund III is...

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