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Minister Project

Gender Minister cuts sod for construction of three bridges over Akora River

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Mrs Cynthia Mamle Morrison, the Minister of Gender and Social Protection, has cut the sod for construction works to begin on three bridges over...

President cuts sod for Kpone hospital, Tema Regional Hospital.

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President Nana Addo Dankwa Akufo-Addo Sunday cut the sod for a 40 bed Municipal Hospital at Kpone, in the Greater Accra Region. The project, with...
Tema Motorway Interchange

Veep cuts sod for construction of three-tier interchange in Takoradi

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Vice-President Dr Mahamudu Bawumia has cut the sod for the construction of the first three-tier interchange in Takoradi at the Kwame Nkrumah Roundabout. The interchange,...
A Qantas airplane takes off from Sydney Airport, in Sydney, Australia, March 18, 2020. Virgin Australia airline announced Wednesday it would temporarily suspend all international flights as well as 50 percent of domestic services, in another blow to the industry by COVID-19. Australia's national carrier Qantas on Tuesday cancelled 90 percent of its international flights as well as 60 percent of its domestic capacity. (Xinhua/Bai Xuefei)

Brazil’s plane manufacturer Embraer cuts global workforce amid pandemic

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Brazil's aircraft manufacturer Embraer on Thursday announced a 4.5-percent reduction of its global workforce amid the COVID-19 pandemic. The decision will...
File photo taken on March 12, 2019 shows operating oil pumps in Luling of Texas, the United States. U.S. oil prices turned negative on April 20, 2020. West Texas Intermediate crude for May delivery shed more than 300 percent to settle at -37.63 U.S. dollars per barrel on the New York Mercantile Exchange. (Xinhua/Wang Ying)

Oil prices climb amid storm-driven production cuts

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Oil prices advanced on Tuesday as storms forced a major shutdown of energy production in the Gulf of Mexico. The West Texas...
banks

South Sudan central bank cuts benchmark lending rate amid COVID-19 pandemic

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The Central Bank of South Sudan on Tuesday reduced the benchmark lending rate to 10 percent from 13 percent in an attempt to mitigate...
Electricity

Power firm cuts power supply to Zambian mine

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A company that supplies power to the mining industry in Zambia says it will discontinue power supply to one mining firm due to disputes...
Kpiri

S/R: 1 Village,1 dam bridge caves in for second time, cuts residents from farmlands

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A bridge holding a dam constructed under the One Village one dam project at Kpiri in the Canteen Electoral Area of the West Gonja...
banks

Namibia central bank cuts repo rate to 4.25 percent

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Namibia's central bank on Wednesday slashed the repo rate to 4.25 percent, down from 5.25 percent set at the last Monetary Policy Announcement on...
banks

South Africa cuts interest rate by 100 basis points

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The Monetary Policy Committee (MPC) of the South African Reserve Bank has cut the country's repo rate by 100 basis points, the Reserve Bank...
banks

Mongolia’s central bank cuts benchmark rate by 1 percent amid COVID-19 concerns

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The monetary policy council of Mongolia's central bank announced Monday it has decided to cut the benchmark interest rate from 10 percent to 9...
Fuel

Namibia cuts diesel prices

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Namibia on Monday announced that the prices of diesel will be cut by 30 Namibia cents (0.02 U.S. dollars) per liter, to 13.33 Namibia...
oil-gas refinery

Oil prices rise on hopes for deeper output cuts

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Oil prices settled higher on Wednesday as investors' concerns for oversupply eased. The West Texas Intermediate for March delivery increased 1.24 U.S....
banks

Namibia cuts lending rates as economy contracts

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Namibia central bank on Wednesday cut its prime lending rates by 25 basis points to promote economic growth and also sustain the existing currency...

Assin Fosu MCE cuts sod for building of school blocks

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Mr Nicholas Fiifi Baako, the Assin Fosu Municipal Chief Executive (MCE) has cut the sod for the construction of two six unit classroom blocks...
Takoradi Mall was EDGE certified by SGS thinkstep in December 2018

Oil city cuts building permit fees by 30 percent for EDGE-certified projects

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Authorities in the western port city of Sekondi-Takoradi have cut building permit fees by 30 percent for projects that are certified with IFC’s EDGE....

Christ Family Congregation of PCG cuts sod for new building

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The Christ Family Congregation of the Presbyterian Church of Ghana at Asylum Down is putting up a new building at the cost of GHc...
The World Bank

World Bank cuts Africa’s 2019 growth forecast by 15 percent

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By Ruth Olurounbi, in Washington DC The World Bank has cut the Sub-Saharan Africa 2019 growth forecast by as much as 15 percent, the...
Dr. Ernest Addison

Bank of Ghana cuts benchmark rate by 100 bsp on favorable conditions

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At the end of its 86th regular meeting, the Monetary Policy Committee(MPC) of Ghana's central bank revised downward by 100 basis points its benchmark...
newborn

Newborn care cuts life-threatening infections to the barest minimum

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Hospitals can now reduce life-threatening infections in newborns by over two thirds and admissions to the neonatal intensive care unit (NICU) by one third...
Economic Africa

Ghana’s spending cuts bode serious consequences for economic growth

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Fiscal policy think tank, Institute of Fiscal Policy (IFS) observed here on Thursday that spending cuts by government of Ghana in its quest to...
Bank of Ghana

Bank of Ghana cuts policy rate to 21 percent

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The Monetary Policy Committee (MPC) of Ghana's central bank announced here on Monday its decision to slash its benchmark policy rate by 150 basis...

Nigeria to back oil production cuts – Oil Minister

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The federal government will support a cap on its oil production, minister of state for petroleum, Ibe Kachikwu, said Wednesday. The production cap would come...

Namibia’s capital budget cuts crippling construction industry

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Namibia's Construction Industries Federation of Namibia (CIF) has called for an increase of the government's capital budget focusing on productive infrastructure as well as...
Antonio Manuel de Oliveira Guterres

Steep U.S. funding cuts could threaten long-term UN reform – Guterres

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UN Secretary-General Antonio Guterres warned on Thursday that U.S. President Donald Trump's proposed budget cuts, believed to severely affect UN funding, could "undermine the...

Oil prices rise on high OPEC compliance with cuts

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Oil prices rose on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) said it has been sticking with the output cut agreement...

Singapore cuts filing fees for intellectual property protection

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Singapore lowers filing fees for intellectual property protection, said the Intellectual Property Office of Singapore (IPOS) in a statement on Wednesday. The...
OPEC

OPEC committee agrees on measures to monitor output cuts

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Representatives from five OPEC and non-OPEC countries on Sunday held their inaugural joint meeting in Vienna and agreed measures to monitor output cuts. ...
Bank of Ghana

Ghana central bank cuts policy rate by 50 bps to 25.5 percent

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This decision was made because the the central bank's Monetary Policy Committee (MPC) "concluded that the downside risks to growth outweigh the risks to...

More cuts expected in Namibia’s budget review

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The country that is implementing two developmental projects -- the Harambee Prosperity Plan and the National Development Plan (NDP) 5, is walking a tight...