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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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South Africa’s FinMin says economic recovery is underway

bycitibusinessnews
December 13, 2016
in Africa, Southern Africa
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Improved electricity supply, an easing drought and a depreciation of the rand currency are underpinning a recovery in the South African economy, Finance Minister Pravin Gordhan said on Monday.

Gordhan’s comments echo the view of analysts who in a Reuters poll published last week forecast that rising commodity prices would also provide a fillip to South African growth, though they cautioned it was still short of the investor confidence needed to expand faster.

“We believe we are in the process of recovering as an economy,” he said on Monday at a conference of the National Union of Metal Workers of South Africa (Numsa) in Cape Town.

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The finance minister pressed the need for macroeconomic stability to cushion the economy from potentially volatile capital flows amid an uncertain global environment.

In his October mid term budget statement to parliament, Gordhan slashed the 2016 economic expansion forecast to 0.5 percent from the 0.9 percent predicted earlier by the Treasury, but said GDP growth would recover to 1.3 percent next year.

In a sign of the challenges ahead, however, data last week that Africa’s second biggest economy expanded an anemic 0.2 percent in the third quarter as manufacturing contracted sharply.

At a separate event, Treasury director-general Lungisa Fuzile said Africa’s most industrialised country needed to “fix its politics” in order to boost growth.

South Africa held on to its investment grade credit ratings with Moody’s, S&P and Fitch, but all three warned that political turmoil could hurt growth.

“The world is seeing what’s happening within our borders,” Fuzile told a business forum.

President Jacob Zuma has faced several corruption scandals, more recently when the nation’s anti-graft watchdog this month asked for a judge to investigate alleged influence-peddling by a wealthy family Zuma has called his friends. Zuma denies any wrongdoing.

The state prosecutor dropped fraud charges in late October against Gordhan, executing a U-turn in a case that rocked financial markets and drew accusations of political meddling. But he is still under investigation for his role in setting up a unit at the tax department which police say illegally spied on politicians.

–

Credit: CNBC Africa

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