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Day: June 28, 2025

Akufo-Addo Advocates for 30% Sovereign Reserves in African Banks

Abuja: Ghana’s former President Nana Addo Dankwa Akufo-Addo has proposed that African countries deposit 30 per cent of their sovereign reserves with multilateral institutions on the continent. The proposal aims to better position development finance i…

Incoming Afreximbank President Downplays Fitch Downgrade

Abuja: Dr George Elombi, the incoming President of the African Export-Import Bank (Afreximbank), has downplayed concerns over Fitch Ratings’ recent downgrade of the institution, attributing the negative outlook to differences in loan classification me…

Ghana’s Oil Revenue Sparks Debate Amid $3 Billion IMF Loan

Asesewa: The government’s pursuit of a $3 billion International Monetary Fund (IMF) loan despite Ghana’s oil fields generating over US$1.3 billion in 2024 has reignited public concern over whether the country’s petroleum revenue is being effectively m…