Category: INTERNATIONAL
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South African Airways to resume scheduled flights in September
South African Airways has announced that it will from 23 September resume scheduled flights to Accra and some parts of Africa. This comes after the national carrier was forced to stop flying commercial in 2020 due to its worsening financial situations amid heightened travel restrictions in the country due to the COVID-19 pandemic. Earlier in…
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African countries must jointly negotiate with China for better deals – IEA
The Institute of Economic Affairs (IEA) says African countries must begin collaborative negotiations when doing business with China. According to the Civil society Organisation, this move would give countries on the continent better leverage in their deals with the Asian country. China continues to be a major business player with most African countries. Ghana for…
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Piloting of Pan African Payment and Settlement System to end in December
The pilot of the Pan African Payment and Settlement System (PAPSS) will be completed by December 2021. This is according to the Executive Vice President of the Afreximbank, Denys Denya. Already, the testing process is happening in six African countries and will soon be implemented to boost trade in Africa. Giving updates on the system,…
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African governments urged to ensure smooth implementation of Pan African Payment system
African countries have been asked to build an integrated and organized financial mechanism, and allow an independent monetary system, to ensure the smooth and effective implementation of the Pan African Payment and Settlement System (PAPSS). This was captured in a communiqué issued at the end of the 5th Ghana International Trade and Finance Conference. The…
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Africa’s COVID-19 funds management lack transparency – CTAP
While governments strive to tackle Covid-19 pandemic and revive their economies from its ravages, concerns about possible misuse of covid-19 funds continue to grow in Africa. This is according to the COVID Transparency and Accountability Project (CTAP). A research conducted in seven African countries (Ghana, Nigeria, Malawi, Sierra Leon, Kenya, Cameroon, Liberia), by CTAP showed…
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Ofori-Atta charges AfDB to tackle problems hindering Africa’s post-COVID-19 recovery
Finance Minister, Ken Ofori-Atta has tasked the African Development Bank (AfDB) to show leadership in addressing key risks being faced by the continent, to ensure a successful socio-economic recovery from the Coronavirus pandemic. Mr. Ofori-Atta made the remarks during his welcome statement for the 2021 Annual Meetings of the African Development Bank Group, which has…
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ECOWAS postpones implementation date for ‘Eco’ again; moved to 2027
After several postponements, West Africa’s 15-nation bloc- the Economic Community of West African States (ECOWAS), has once again postponed the implementation of its long-time dream of a single currency. The bloc over the weekend announced 2027 as the new date to launch the “Eco.” The Eco was first planned to be introduced in 2003 but…
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Rwanda High Commissioner to Ghana calls for strengthened economic cooperation
Rwanda High Commissioner to Ghana, Dr. Aisa Kirabo Kacyira has called on African countries to encourage trading among themselves to boost living standards across the continent. According to her, Africans must redirect spending to the continent to help foster stronger continental integration, the primary aim of the Africa Continental Free Trade Area (AfCFTA). She made…
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Ghana vies for ARSO presidency
Ghana is contesting for the presidency of the African Organization for Standardization (ARSO), the intergovernmental body in-charge of harmonizing standards and conformity procedures to facilitate seamless intra-trading. This comes after the Ministry of Foreign Affairs and Regional Integration submitted the country’s bid in late April. ARSO’s 2021 elections is slated for June 15 in Rwanda’s…
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Timing for proposed increment in electricity tariffs wrong – Consumer Protection Agency
The Chief Executive Officer of the Consumer Protection Agency, Kofi Kapito, says any possible increment in electricity tariffs would be ill-timed. Though he acknowledged the need for an increase in tariffs, he has instead urged the Public Utility Regulatory Commission (PURC) to focus on seeking compensation for customers who have lost electrical gadgets due to…