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Africa is losing $40b a year to illicit financial flows in the extractive sector
Mr. Antonio Pedro, the Deputy Executive Secretary of the Economic Commission for Africa (ECA), has said that Africa is experiencing significant losses, estimated at around $40 billion annually, due to illicit financial flows (IFFs) in the extractive sector.The post Africa is losing $40b a year to illicit financial flows in the extractive sector appeared first on Ghana Business
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Cedi appreciation will reflect on prices of goods and services overtime – stakeholders
Representatives of traders and captains of industry have justified the slow pace in reduction of goods and services despite the relative stability of the cedi against the United States dollar and other major foreign currencies on the interbank trade market. The post Cedi appreciation will reflect on prices of goods and services overtime – stakeholders appeared first on Ghana Business
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Mahama appeals to financial institutions to support agri-business
President John Dramani Mahama has appealed to financial institutions be bold, de-risk the agriculture sector, and support agri-business startups with real capital.The post Mahama appeals to financial institutions to support agri-business appeared first on Ghana Business
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Global economy set for weakest run since 2008 outside of recessions
…2025 growth forecasts cut for 70 percent of economies Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in […]The post Global economy set for weakest run since 2008 outside of recessions appeared first on The Business
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EDITORIAL
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Ghana Horticulture Expo 2025: Agriculture key...
President John Dramani Mahama has stated that Ghana’s development hinges on building a “productive economy”, with horticulture playing a central role in that vision. Speaking at the official opening of the Ghana Horticulture Expo 2025 at the Accra International Conference Centre on June 11, 2025, President Mahama called for a paradigm shift in the agricultural
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5.3% Q1 GDP growth a good sign – Mahama ass...
President John Mahama has described the 5.3% growth recorded in Ghana’s economy during the first quarter of 2025 as a positive sign. Speaking during a courtesy call by members of the Ghana National Association of Teachers (GNAT), he stated that his government remains committed to ensuring economic stability across all sectors and delivering prosperity to
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World Bank u-turn on Uganda loan ban ignites ...
The World Bank's reversal of its loan ban on Uganda—despite the country’s discriminatory policies—highlights the delicate balance between economic development and human rights in global policymaking. The decision comes two years after the Bank halted new loans to the East African country, following Uganda’s passage of one of the world’s harshest anti-LGBTQ+ laws.Uganda enacted the draconian law in 2023, introducing capital punishments, including the death
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Fitch changes global oil sector outlook to de...
“The implications for individual issuers’ ratings are likely to be limited despite this sector outlook revision, unless we significantly reduce our medium-term and mid-cycle oil price assumptions compared with those in our existing set”, it said in a
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At least 242 on board Air India flight to Lon...
An Air India flight with at least 242 people on board crashed shortly after takeoff in India’s Ahmedabad, police and the airline said on Thursday, without specifying whether there were any fatalities. An Air India plane with more than 200 people on board crashed near the airport in India‘s western city of Ahmedabad, the airline and
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Fri 25th October, 2024
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