Fallout from Ghana’s microfinance license revocation continues
13 June 2019 | 9:20 am
After a recent shake-up in Ghana's Micro-finance Industry, depositors of the insolvent and dormant micro-finance companies will get a reprieve, as Bank of Ghana's appointed Receiver will start to pay validated depositors from funds released by the government. Yaw Gywamfi, Executive Director of Ghana's Micro-finance Institutions Network joins CNBC Africa to discuss these developments.
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1 Sep 2022
A lion at Ghana's Accra Zoo mauled a man to death after he entered its enclosure, the government said in a statement. A security official on routine patrol noticed a middle-aged man had climbed over the tall mesh fence enclosing a lion, a lioness and two cubs around noon on Sunday.
2 Oct 2022
Conflict in Burkina Faso has displaced more than 2 million people, with many of them now fleeing south into Ghana as jihadi attacks continue. DW's Maxwell Suuk visited a camp hosting refugees from Burkina Faso close to the border.
Streets were quiet in the normally bustling heart of Accra's central business district on Wednesday as traders in the Ghanaian capital closed their shops to protest worsening economic conditions.
Runaway inflation and soaring food prices have compelled Ghana and Zambia to seek bailouts from the International Monetary Fund. This week, traders across Ghana closed shop to protest the worsening economy.
A majority of Ghana's ruling party parliamentarians on Tuesday asked the president to sack finance minister Ken Ofori-Atta and his deputy, in what they say is a bid to restore hope in the financial sector.
The world's two largest cocoa producers boycott a major industry meeting in Europe over a price dispute. Also, South Africa says its government will take the lead in informing the public about any imminent threat to its territory after the US embassy issued a terror alert in Johannesburg for this weekend.
The mass layoffs announced on Twitter have affected the newly-formed African team of the social media platform based in Ghana. However, Ghanaian lawyers are considering legal action against Twitter for violating Ghanaian labour laws.
Richarlison scores stunner in Brazil's win over Serbia as Portugal edge thriller against Ghana. Richarlison scored a stunning brace to help Brazil defeat a stubborn Serbia 2-0 after Portugal and Switzerland secured wins earlier.
Ghana, who lost their opening game to Portugal, are seeking their first points on Monday in a Group H match against South Korea, who kicked off with a 0-0 draw against Uruguay.
Two more teams qualify for the World Cup last 16, meaning that there are still 13 squads looking to book their place. If you thought the matches were exciting so far, they're bound to get even tougher over the coming days. Portugal make it through with a double from Bruno Fernandes, as do Brazil despite Neymar’s absence. Plus, Cameroon come from behind in a 3-3 thriller against Serbia, while Ghana beat South Korea 3-2.
Ghana has reached a "staff-level" agreement with the IMF for a three-year, $3 bln loan program and, according to its finance minister, expects IMF board approval "early next year".
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