The President of the Ghana Chamber of Mines, Mr. Kwame Addo-Kufuor, has been elected as the first President of the General Assembly of the ECOWAS Federation of Chambers of Mines (EFEDCOM). His election took place at the 2nd General Assembly meeting of the EFEDCOM held in Abuja, Nigeria. The two-day event was attended by Chief … Read more
Resource-rich African countries are facing significant economic headwinds. Nigeria, Africa’s largest oil producer, depends on oil for over 90% of its foreign exchange earnings and three-quarters of government revenue. The slump in oil prices has adversely affected Nigeria’s economic prospects, pushing GDP growth into negative territory to -1.5% in 2016. Zambia, the second largest producer … Read more
Intra-African trade has the greatest potential for building sustainable economic development and integration, says African Economic Outlook (AEO) 2017. AEO, is a flagship report of the African Development Bank (AfDB) released in Ahmedabad, India, on its 52nd Annual Meetings and made available to the Ghana News Agency. Citing data produced by its economists and peer … Read more
The World Bank has revealed that economic growth in Sub-Saharan Africa is rebounding this year after registering the worst decline in more than two decades last year. According to the latest Africa’s Pulse, which is the World Bank’s bi-annual analysis of the state of African economies, the region is showing signs of recovery, and regional … Read more