President Nana Akufo-Addo officially launched the Jubilee South East (JSE) Project, a joint venture between Tullow, the Ghana National Petroleum Company (GNPC), Kosmos Energy, Jubilee Oil Holdings Limited, and Petro SA, on Friday, September 8, 2023.
The NPP government of President Nana Akufo-Addo is imposing a number of new taxes on Ghanaians, adding to the burden of an already tax-intensive environment. The most recent change is the taxing of Spotify users, which Michael Otu Danquah, a spokesperson of the Ghana Revenue Authority’s (GRA) E-Commerce Unit, confirmed. […]
A levy on Bank of Ghana recapitalization has been reportedly planned by the government, however John Kumah, a deputy minister of finance, has denied this. He asserted that such a strategy is not imminent and urged Ghanaians to treat the reports with contempt. The Minister said in a social media […]
According to data from the World Bank [https://www.data.world bank.org], Ghana is the next country in Africa with the highest electricity penetration, according to the deputy minister of transportation, Hassan Tampuli. He said that by the end of 2023, the administration intends to raise the percentage to 90%. The deputy […]
Ben Boakye, executive director of the Africa Centre for Energy scheme (ACEP), claims that the administration appears to have been misrepresenting its gold-for-oil scheme to the public. He continued, despite the government’s claim that there was a government-to-government deal to exchange oil for gold rather than dollars. Ben Boakye […]
In April, Egypt’s annual urban consumer inflation dropped to 30.6%, above analyst expectations and indicating improvement. The decrease in inflation is a result of stable exchange rates, falling global commodity prices, and beneficial base effects. Following prior rate rises in an effort to contain inflation, the nation’s central bank is […]
With direct investment reaching Ksh60.2 billion in 2021, Ethiopia will overtake Tanzania and Uganda as Kenya’s top foreign investment destination. In order to take advantage of Ethiopia’s expanding economy and economic opportunities, Kenyan companies, such as Safaricom and KCB Bank, have made substantial inroads into the Ethiopian market. By […]
According to World Bank estimates, private infrastructure investments would increase by 23% in low- and middle-income countries by 2022, reaching $91.7 billion. The distribution of investments is still uneven, with PPI investments in Sub-Saharan Africa declining by 15% from pre-pandemic levels. With transportation accounting for about 68% of PPI […]