Ghana | - Part 13

Marcopolo Eyes Africa and Middle East to Increase Exports by 50%

ACCRA (Capital Markets in Africa) – Bus maker Marcopolo SA is using Brazil’s rough roads as a calling card to enter markets as remote as Ghana and Cameron as it tries to shield its business from a recession at home. The company started exporting to 12 new countries in the past year and now ships to 40 markets worldwide, according to Ricardo Portolan, the exports manager at the Caxias do Sul-based company. That helped put it on…

Egypt 3-month, 9-month bills rises, Ghana 91-day bill yield eases

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Yields on Egypt’s three- and nine-month Treasury bills rose at an auction on Sunday, central bank data showed. Yields on the 91-day bill rose to an average of 18.917 percent from 18.513 percent at the previous action. Yields on the 266-day bill rose to 19.103 percent from 18.814 percent. Whereas, the Bank of Ghana said the yield on its weekly 91-day bill fell to 16.6759 percent at an auction…

World Bank units add $517 mln to Ghana oil, gas project financing

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ACCRA (Capital Markets in Africa) – The World Bank Group said on Thursday it two of its units would provide another $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project developed by Italy’s ENI SpA and upstream trader Vitol Ghana. The financing adds to a $700 million World Bank guarantee package announced in July and brings the institution’s total financing to around $1.217 billion for the…

Top Ghana Fund Sees Yields Headed for 2-Year Low After Election

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ACCRA (Capital Markets in Africa) – Ghana’s uncontested presidential vote will probably help spur the yield on its dollar debt to the lowest level since 2014, according to the nation’s biggest private fund manager. “Given the decisiveness of the numbers and how widely apart they are, it just shows investors that there’s no need to continue to price in any risk of a potential dispute,” said Courage Kingsley Martey at Accra-based Databank Group Ltd, the…

Navigating the Business Environment in Africa under the “New Normal”

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LAGOS (Capital Markets in Africa) – Macro-economic instability fuelled by low oil prices and global economic sentiment will continue to be the main driver of business risks across West Africa in 2017. Governance improvements and the embedding of certain democratic practices and norms will limit the scope of potential for deterioration, but challenges will still persist. Cyber-attacks are advancing in nature. Businesses will become increasingly vulnerable until the impact of cyber risks on their operations…

Ghanaian President-Elect Akufo-Addo Walks in Father’s Steps in Rise

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ACCRA (Capital Markets in Africa) – Ghanaian president-elect Nana Akufo-Addo’s family is such an institution in the West African nation that his father’s portrait is printed on its currency. So is his uncle’s. A lawyer and former foreign minister, Akufo-Addo has always been a public figure. He won last week’s election against incumbent President John Mahama after vowing to create jobs, encourage mining of untapped bauxite deposits and boost agriculture in the impoverished north by building…

Ghanaians Vote in Tight Election as Mahama Seeks Second Term

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Voting is under way in Ghana as the nation decides whether to grant President John Mahama a second term in office or hand power to his main adversary, Nana Akufo-Addo, in a race observers, say is too close to call. The winner will face the task of reigniting growth in West Africa’s second-biggest economy while reining in inflation and consolidating public debt. Both Mahama, 58, and Akufo-Addo, 72, have pledged to build new infrastructure…

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