Stock Market Updates
UMB’s Overview of Ghana’s Extended Credit Facility with the International Monetary Fund.
As part of Ghana’s economic recovery process, the Government of Ghana sought the assistance of the International Monetary Fund (IMF) on September 26, 2022, for a 36-month Extended Credit Facility Program worth USD 3 billion. Following extensive stakeholder engagements, the IMF board approved the disbursement of the first tranche amounting to USD 600 million on…
Tanzania to construct Africa’s longest bridge- spanning 50 kilometers
Tanzania plans to construct the first bridge in Africa, spanning 50 kilometers, to connect the mainland to the Zanzibar Islands to in a bid to make the movement of people and commerce less strenuous. Geofrey Kasekenya, the deputy minister of Works and Transport, stated this in his address to Parliament on April 28. He went…
