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Wilmar Africa to shut down oil production plant

Wilmar Africa Limited, producers of Frytol Vegetable Oil and Fortune Rice, has announced the closure of its manufacturing plant. According to the company, its decision follows government’s introduction of the duty discount on benchmark value policy in 2019, which has…

Investors worry as Fitch downgrades Ghana’s credit rating

Investors in Ghana's bond market are worried about the country's ability to pay back commitment with a widening debt portfolio.  The concerns have heightened after International rating agency, Fitch, downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating to a ‘B-‘ from…