Ghana

Ghana proposes easing of fuel price hikes

9 Feb 2012

ACCRA (Reuters) - Ghana's government has proposed a 20 percent reduction in fuel price hikes after labour unions threatened to go on strike, but the National Petroleum Authority has not yet signed off on the move, officials said. In December Ghana announced a cut in fuel subsidies following an increase in crude oil prices and the depreciation of the Ghana cedi currency last year. The price ...

Ghana/Zambia: Black Stars Fall to Zambia in Afcon

9 Feb 2012

[GFA] Ghana will have to play for third place at the 2012 Africa Cup of Nations after losing 1-0 to Zambia in the semi-final on Wednesday night at the Estadio de Bata.

Bank of Ghana Considers Weekly Dollar Sales to Support Cedi

8 Feb 2012

The Bank of Ghana said it’s considering starting weekly dollar auctions and will continue to sell foreign-exchange reserves to support Africa’s second-worst performer against the dollar this year.