Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. In 2022, the total bad debt was estimated at GH¢20.8 billion. The bad debt was classified...
China GDP: Economy slows to 6.7% in first quarter
China's economy grew at an annual rate of 6.7% in the first quarter of...
Zambia’s World-Beating Kwacha Shows Copper Can Outshine Gold
Zambia’s kwacha has gone from the world’s third-worst performance in 2015 to the best...
Banks must move out of comfort zone—ICAG President
The President of the Institute of Chartered Accountants—Ghana (ICAG), Professor K.B. Omane-Antwi has charged...
Dubai Chamber ready to surmount Africa’s businesses’ challenges
The Dubai Chamber of Commerce and Industry has touted its members’ expertise that could...
Africa turns to IMF as commodity slumps exposes poor policy
Less than two years after International Monetary Fund Managing Director Christine Lagarde heralded Africa...
BP shareholders reject chief Bob Dudley’s £14m pay deal
BP shareholders have rejected a pay package of almost £14m for chief executive Bob...
Bank of America and Wells Fargo hit by oil price fall
Bank of America and Wells Fargo have both reported a fall in first-quarter profits...
Doubts raised over impact of Doha oil summit
A deal to limit oil output, to be discussed in Doha this weekend, would...
Inflation climbs to 19.2 percent in March
Ghana's annual consumer price inflation rose to 19.2 percent in March from 18.5 percent...
Qatar’s oil-freeze letter to Norway reveals logic of Doha deal
The preliminary agreement by Russia, Saudi Arabia, Venezuela and Qatar to freeze output has...