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Ghana Bauxite, Ecobank seal US$250m deal
Business

Ghana Bauxite, Ecobank seal US$250m deal

Ghana Bauxite Company Limited (GBC) has signed a financing mandate with Ecobank Ghana PLC for proposed facilities of up to US$250 million to expand and modernise its mining operations at Awaso, in a move expected to strengthen production capacity and support Ghana's ambition to process more of its bauxite locally.

Real-time inflation data set to change how BoG assesses price pressures
Business and Markets

Real-time inflation data set to change how BoG assesses price pressures

The Bank of Ghana (BoG) is exploring a data-driven approach that could give monetary policymakers faster signals of inflationary pressures, using artificial intelligence (AI) and online prices to estimate changes in consumer costs before official statistics are released.

Banks recover only 5% of funds lost to fraud — GAB        
Banking & Finance

Banks recover only 5% of funds lost to fraud — GAB        

The Ghana Association of Banks (GAB) has raised concerns over the low recovery rate of funds lost to fraud across the country’s banks and specialised deposit-taking institutions (SDIs) - estimated at only about 5 percent - and called for stronger intelligence-sharing among financial service providers.

Spotlight
Features

Traffitec-Gh: The good, the bad, what could be

Ghana’s roads need discipline, our drivers need guidance, and our road safety institutions need the courage to enforce the law fairly. Against this background, TRAFFITEC-GH, the proposed technology-driven traffic enforcement initiative, presents an opportunity to improve road safety, strengthen accountability and modernise how traffic offences are detected and addressed.

Traffitec-Gh: The good, the bad, what could be
Business & Markets
ECOWAS urged to deepen energy trade as global supply risks mount
Energy

ECOWAS urged to deepen energy trade as global supply risks mount

West African countries have been urged to deepen regional energy trade and strengthen domestic refining capacity to reduce their exposure to global supply disruptions, as energy ministers met in Accra to advance cooperation on electricity and energy security across the sub-region.

Chai Energy eyes US$300m IPO
Business and Markets

Chai Energy eyes US$300m IPO

Chai Energy, a special purpose vehicle (SPV), is preparing to raise about US$300million, roughly GH¢3.5billion, through an initial public offering (IPO) to acquire equity stakes in two operating independent power producers (IPPs), according to a source close to the deal and a transaction document seen by B&FT.

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