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S. Korea’s Used Car Exports Soar: SME Sales Triple in Just Six Years
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The used car export sector in South Korea is experiencing rapid growth, with yearly sales climbing to 7 trillion won ($5 billion) and still increasing. Historically dominated by small and medium-sized businesses (SMBs), this industry is achieving record levels due to multiple advantageous external factors such as a robust U.S. dollar, growing worldwide appreciation…
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Why Africa Should Unite Economically Against US Tariffs, Not Retaliate Fragmentedly
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By Ephraim Ofori NUMOSUOR In an era marked by geopolitical maneuvers driven by economics and strategic partnerships, Africa must not stay as a collection of disconnected markets. The recently implemented tariffs imposed by the United States on numerous imports, which include goods from Africa, have prompted distinct reactions from different countries across the continent.…
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Perseus Mining Transfers GH₵73M Dividend to State: International Edition
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Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year. Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources. Speaking during the presentation of…
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US Dollar Hits Rs 136.03; Euro Reaches Rs 154.63 in Latest International Exchange Rates
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On May 8, the Nepal Rastra Bank announced the official foreign exchange rates for today. As stated by the central bank, the purchase price for one US dollar stands at NPR 135.43, whereas the sell-off rate is set at NPR 136.03. The euro is currently trading at Rs 153.95 for purchase and Rs 154.63…
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Experts Say Finance Reform and ESG Standards Key to Green Industrialization
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The country’s potential for sustainable industrialization depends largely on its capability to draw in climate-focused investment and establish Environmental, Social, and Governance (ESG) criteria within institutions, as stated by financial experts and policy promoters during a top-tier seminar on green financing conducted in Accra. The event, organized by the Africa-China Centre for Policy and…
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MTN Reports Robust Growth and Profitability in Q1 2025 Amid Macroeconomic Challenges
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MTN Ghana (Scancom PLC), the nation’s premier telecom company, has reported strong financial and operational outcomes for the three months ending 31 March 2025. This achievement highlights their robustness despite a difficult economic climate characterized by high inflation rates and currency devaluation of the local money known as the cedi. Even with an average…
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How Financial Institutions Can Catalyze Sustainable Food Systems
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By Samuel OKANG-BOYE Sustainable agriculture essentially revolves around meeting the current urgent requirements for food and nutrition while also guaranteeing that coming generations will be able to fulfill their own needs. In Ghana, where the population is expected to increase from 33 million to more than 50 million within the next twenty years, immediate…
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Editorial: Can We Achieve the SDGs by 2030?
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As anticipated, nations in the global north are at the forefront of achieving the Sustainable Development Goals (SDGs), which consist of 17 worldwide targets established by the United Nations in 2015, whereas progress for countries in the global south continues to be challenging. To hasten the achievement of the Sustainable Development Goals in Ghana,…
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“Goldman Sachs: Silver Won’t Keep Pace With Gold Rally” Says Bank
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New Delhi [India], May 8 (ANI): Gold Will keep surpassing silver in the precious metals market, as stated. Gold Goldman Sachs in a recent report. The historical relationship between gold and silver prices, usually ranging from 45 to 80, was reportedly “breached” for the first time since 2022. This shift can be linked to…