Ghana Financial News

Subscribe to enjoy similar stories. Earlier this week, the house of Masaba announced a partnership with Amrapali Jewels for the launch of a fine jewellery collection. Inspired by the iconic mascots that have defined the house of Masaba over the years, the 46-piece gender-fluid collection marks the brand’s expansion in the space of fine jewellery and features a diverse range of pieces, from elaborate haars to contemporary chokers and haslis, incorporating gemstones such as diamonds, rubies and emeralds.

Essel Propack after its merger with Swiss firm Propack in 1997. Over the next two decades, Essel Propack built a strong international footprint across the Americas, Europe, Asia, and Africa.In 2019, Blackstone invested $460 million to acquire a 75% stake in the company, and renamed it EPL.

Subscribe to enjoy similar stories. Toby Rice made his fortune unlocking a gusher of natural gas in Appalachia. He has a bold new ambition: bringing energy to millions of people in impoverished nations.

Subscribe to enjoy similar stories. JOHANNESBURG—For years, hundreds of illegal miners known locally as zama zamas prospected for gold on this patch of land on the outskirts of the city with hammers and chisels in hand-dug tunnels. Now, the site has been transformed into South Africa’s first new underground gold mine in more than 15 years, part of a global rush to boost production of a metal trading at record prices.

Raisina Dialogue on Monday, marking India's premier conference on geopolitics and geo-economics. The Raisina Dialogue is organized by the Observer Research Foundation (ORF) in collaboration with the Ministry of External Affairs (MEA). According to the MEA, the conference will host representatives from around 125 countries, encompassing foreign ministers, former heads of state, military leaders, industry executives, technology innovators, academics, journalists, and experts in strategic affairs. Notably, foreign ministers from 20 nations are confirmed to attend. The Ukrainian foreign minister's visit coincides with intensified US efforts to broker a temporary ceasefire between Ukraine and Russia amidst ongoing hostilities. Here's all you need to know

Cocoa futures on the ICE exchange hit four-month lows on Friday and headed for 3% losses for the week, amid a large increase in ICE-certified stocks and benign weather forecasts for West Africa. London cocoa fell 3.6% to 6,110 pounds per metric ton at 1259 GMT. Dealers noted ICE-certified stocks have shot up to their highest since early January ahead of the expiry of the front month cocoa contract later this session.

Saina Nehwal and PR Sreejesh, have written a letter to the International Olympic Committee (IOC) presidential candidates, urging them to make climate action their top priority. As IOC members gather in Costa Navarino, Greece, to vote on the seven candidates next week (March 18-21), the Olympians called for stronger commitments from the IOC to cut carbon emissions, promote sustainability in host cities, set clear guidelines on polluting sponsors and use its platform to advocate for climate action. Climate impacts are «no longer a distant threat, but a current and growing harm to the sports we love and to the countries that make up our Olympic family», the letter said. The signatories include 57 Olympic champions and over 100 Olympic flag bearers. They represent some of the world's most climate-vulnerable nations, including Argentina, Aruba, the Bahamas, Cabo Verde, Colombia, Cook Islands, Eswatini, Fiji, Ghana, India, Kenya, Laos, the Marshall Islands, Nepal, Nigeria, Pakistan, Peru, Sierra Leone and Zambia. Recognizing that extreme weather events are already disrupting the Summer and Winter Olympics and affecting athlete performance and safety, the letter urges decisive action to ensure the games remain accessible and safe for future generations. Earlier this year, massive wildfires burned large areas of Los Angeles, the host city of the 2028 Olympic Games. The fires killed about 30 people, destroyed thousands of buildings, and forced tens of thousands to flee their homes.

tapentadol and carisoprodol drugs is not approved in India, and prohibited production and export of such medicines, amid reports that an Indian company has been exporting the unlicensed combination.

Donald Trump took the 145-year-old iconic Resolute Desk out of the Oval Office and substituted it with the C&O Desk that belonged to George H.W. Bush.

Subscribe to enjoy similar stories. As India races towards an electric future, powered by renewable energy and electric vehicles (EVs), a looming question casts a shadow on this green ambition: what happens to millions of EV batteries at the end of their life? With gigafactories rising and mining for critical materials like lithium and cobalt taking an environmental toll, the need for a robust battery recycling ecosystem has never been more urgent.

Subscribe to enjoy similar stories. Cocoa was the best-performing commodity in 2024, outpacing even bitcoin, but that hasn’t stopped farmers from abandoning the crop. Farmers in the top cocoa-producing region of the world are reseeding their lands because of a mixture of bad weather, failed government policies—many of which were aimed at helping farmers—and a fast-moving virus that has ravaged their plants.

Varun Beverages (VBL), PepsiCo's largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same. This represents an upside of nearly 10% for the stock from its previous closing price.

Subscribe to enjoy similar stories. “It keeps getting worse and worse," sighs Camry Tagoe, an activist in Accra, the capital. “If you look at Google maps, Ghana has turned from green to brown." Over the past month Mr Tagoe has helped organise protests across the city that call for an end to “galamsey", or wildcat gold mining.

US Immigration and Customs Enforcement deported more than 270,000 people to 192 countries, including India, over a recent 12-month period, the highest annual tally in a decade, according to a report released Thursday that illustrates some of the financial and operational challenges that President-elect Donald Trump will face to carry out his pledge of mass deportations. ICE, the main government agency responsible for removing people in the country illegally, had 271,484 deportations in its fiscal year ended Sept 30, nearly double from 142,580 in the same period a year earlier. It was ICE's highest deportation count since 2014, when it removed 315,943 people. The highest it reached during Trump's first term in the White House was 267,258 in 2019. Increased deportation flights, including on weekends, and streamlined travel procedures for people sent to Guatemala, Honduras and El Salvador fuelled the increase, ICE said. The agency had its first large flight to China in six years and also had planes stop in Albania, Angola, Egypt, Georgia, Ghana, Guinea, India, Mauritania, Romania, Senegal, Tajikistan and Uzbekistan.

Subscribe to enjoy similar stories. New Delhi: Robust sales growth recorded by the Indian government’s generic pharmacy model will put pressure on trade margins in the retail medicine market because of the affordability and quality of the drugs sold, a top official said. The quality certified generic medicines sold at kendras (centres) operating under the Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) help to moderate the prices of medicines and create a benchmarking effect, Arunish Chawla, secretary of the Department of Pharmaceuticals, said in an interview toMint.

Subscribe to enjoy similar stories. “The concept of risk is completely invented to ensure that investment doesn’t come to Africa," Gagan Gupta told an audience of investors and entrepreneurs earlier this year, to resounding applause. Mr Gupta, whose firm works on logistics and utilities across Africa, is optimistic about the continent and scathing about outsiders’ ability to assess it.

Pralhad Joshi on Monday said India has been re-elected as the President of Indian Solar Alliance (ISA) from 2024 to 2026. Addressing the press conference at 7th General Assembly of the ISA, Joshi informed that France has been reelected as Vice-President of the ISA. India's election to the President post is a testament to the impactful work the country, under the leadership of Prime Minister Narendra Modi, has been doing over the years for the global good in advancing solar energy adoption across the globe and boosting investment in essential solar projects, including mini-grids and healthcare solutions, Joshi opined. Eight Vice Presidents of the Standing Committee, two from each of the four ISA geographical regions, were also selected by the Assembly.

sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies — setting back development, stunting climate change mitigation and fuelling distrust in governments and Western institutions. The issue, and what to do about it when western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings taking place in Washington, D.C. this week.

UPI should be charged or be conducted, as it has been since 2020, without a merchant discount rate (MDR) to boost digital transactions. Either way, technology adoption is at the fulcrum of the growth of digital financial services (DFS). With UPI at the forefront, NPCI has formed strategic partnerships with several countries to enable digital payments and facilitate cross-border transactions. These collaborations not only provide Indian expats with a familiar way to pay but also enhance financial inclusion, while improving cost- and time-efficiency of digital payments in these regions. By establishing UPI-based payment corridors with banks in West Asian and African countries, these initiatives are building a secure and reliable digital payment infrastructure that supports economic development. As instant payments grow, its influence on the economic landscape of these regions becomes increasingly evident. In India alone, DFS has played a critical role in expanding the digital economy 2.4 times more rapidly than the overall economy.

The International Monetary Fund (IMF) reports that crypto mining and data centres together account for 2% of global electricity. This figure is expected to rise to 3.5% within the next three years, raising concerns about the environmental impact of these energy-intensive industries.

The PoC was part of Project Desft (Digital Economy Semi-Fungible Token), an exploration from the BoG and Monetary Authority of Singapore into how technology can boost the participation of micro, small, and medium enterprises from developing countries in international trade. Maxwell Opoku-Afari, first deputy governor, Bank of Ghana, says: "Project Desft is aimed at supporting SMEs in Africa to engage in international trade by removing significant obstacles they face, such as establishing trust with overseas trade partners and obtaining support in cross-border payments and supply chain finance." The project has been focusing on cross-border trade between the two nations using the UN-developed, blockchain-based Universal Trusted Credential, the Singaporean Dollar stablecoin, the Ghanaian CBDC (eCedi) and purpose-bound money. Giesecke+Devrient delivered its Filia platform for the CBDC part, while local commercial lender Fidelity Bank offered banking and exchange services for the eCedi. G+D says the PoC demonstrated a direct transfer between the transacting parties, eliminating the need for the long chain of intermediaries and corresponding high costs in cross-border payments.