[ad_1] Ghana is losing more than US$600 million every year importing fruit juices—many of which are made from artificial concentrates, high sugar formulations, and low-nutrient blends that offer little or no fiber to consumers. Industry data shows that in 2020 alone, Ghana spent over US$646 million on imported juice and beverage products, placing heavy pressure…
[ad_1] Finance Minister, Ken Ofori-Atta has disclosed that government is yet to reflect the funding support from the IMF and the World Bank as well as the Cocoa syndicated loans of about $2 billion in its Gross International Reserves. “We are yet to reflect IMF/WB and Cocoa syndication of approximately $2 billion by year-end”, Ken…
[ad_1] Following its exit from the Heavily Indebted Poor Countries (HIPC) initiative, Ghana has consistently sought external commercial loans from the Eurobond market, typically securing funds at interest rates ranging from 6% to 11%. Each fiscal year, the country requires between $1 billion to $3 billion to support its budget and address Balance of Payment…
[ad_1] Dr. Ernest Addison A country’s Gross International Reserves (GIR) includes the US dollar value of holdings of foreign exchange, special drawing rights, reserves position in the IMF, and gold at the end of a given period. In simple terms, the GIR is a country’s safety net against unforeseen international payment difficulties. However, in a…
