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Zimbabwe’s Gold Coins Sell Above US$2,000 Each For The First Time
Zimbabwe’s gold coins introduced in July are selling above $2,000 for the first time. Buy at low price , sell at high price ; Tap into the world’s largest financial market with EXNESS The so-called “Mosi-oa-Tunya” gold coin, named after Victoria Falls, a key tourism site which straddles the border between Zimbabwe and Zambia, were priced at $2,002.51 for a one-ounce coin on Monday, according to…
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Ghana Cedi Falls By 37.1% Against US dollar– Finance Minister.
The Ghana cedi has depreciated by 37.1% as of the 27th of September 2022, Finance Minister Ken Ofori-Atta has said, noting that inflation remains high at 33.9% as of August 2022. Mr Ofori-Atta gave the figures during his press briefing on Wednesday, 28 September 2022 about the ongoing negotiations between the government of Ghana and the International Monetary Fund for a $3 billion programme to…
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54 African Countries Have Signed AfCFTA Agreement – Deputy Trade Minister
Ghana’s export sector is said to be making giant strides as the Ghana Export Promotion Authority about two months ago announced a $3.3 billion increase in non-traditional export earnings for 2021. This is, however, expected to increase further with the recent launch of the National Policy Framework for the African Continental Free Trade Agreement (AfCFTA). Speaking at a seminar on export trading…
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Africa World Trade Network Launched
Africa World Trade Network Launched
On Tuesday, July 12, 2022, officials from the Ministry of Trade, diplomats and multi-faceted entrepreneurs converged on the Kempinski Hotel for the launch of the Africa World Trade Network (AWTN). The launch was held under the theme: “Showcasing Africa’s Industrialisation Capacities.”In attendance were the Secretary-General of AfCFTA, H.E Wamkele Mene, the Deputy Minister for Trade, Michael…
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AU To Set-up Pan-African Payments And Settlement Systems
Mr. Denys Denya, Afreximbank’s Executive Vice President Finance and Banking Services, has revealed that the African Union in collaboration with the Afreximbank, are rolling out the Pan-African Payments and Settlement System (PAPSS). He said PAPSS would provide alternative to current high-cost and lengthy correspondent banking relationships to facilitate trade and other economic activities among…
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ECOWAS Commission to review Community Levy
The Economic Community of West African States (ECOWAS) is reviewing its Community Levy to ensure adequate collection of resources to finance activities of the Sub regional body Mrs Hajiya Halima Ahmed, ECOWAS Commissioner for Finance, said hitherto, all ECOWAS activities were financed from contributions of Members States and this created difficulties, including the inability to implement…
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Nigeria Tops As Africa's Biggest Economy
Nigeria Tops As Africa’s Biggest Economy
*South Africa slumped to its second recession in two years
*Nigeria, South Africa make up half of sub-Saharan Africa’s GDP
As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy.
The answer to the question of whether South Africa or Nigeria, the two countries that account for almost half of sub-Saharan Africa’s gross domestic…
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Ghana Pledges US$10 mln For AU Free Trade Secretariat
Ghana Pledges US$10 mln For AU Free Trade Secretariat
President Nana Addo Dankwa Akufo-Addo has pledged $10 million to facilitate the establishment of African Continental Free Trade (AfCFTA) Secretariat in Ghana.
The President, at an Extraordinary Summit of the Assembly of Heads of State and Government of the African Union (AU) in Niamey, Niger, yesterday said Ghana was honoured to host the Secretariat.
“Ghana is ready to donate US$10 million to…
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