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BBCNEWS World Business Report June 4, 2024 13:34:00

Approved a $3 billion bailout programme aimed at boosting gha na s economy. the country has been battling its worst economic crisis in a generation, hit with soaring inflation, high debt, and a devaluing currency. but it was one of the continents rising economic stars as a major global producer of commodities like gold and cocoa. so what s gone wrong? bright simons is a ghanaian entrepreneur and business analyst and joins us now. thank you for being with us. let me put that question to you first of all. what went wrong with the big economic dream that ghana was doing pretty well? it economic dream that ghana was doing re well? . , ., , ., pretty well? it all starts with how ghana became pretty well? it all starts with how ghana became a pretty well? it all starts with how ghana became a rising pretty well? it all starts with how ghana became a rising star - pretty well? it all starts with how ghana became a rising star and l pretty well? it all starts with how i ghana became a ....

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Exclusive: S.Africa circles back to shale gas as power crisis drags

South Africa will auction at least 10 new onshore blocks for shale gas exploration in the environmentally sensitive Karoo region, a government official told Reuters, as the country eyes alternative energy sources to ease its worst-ever power crisis. ....

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BBCNEWS BBC News June 4, 2024 15:47:00

Like gold and cocoa. so what s gone wrong? i got the view from bright simons a ghanaian entrepreneur and business analyst. it all starts with how ghana became a rising star and that was sometime in 2006. it got one of the biggest debt relief packages ever, the second largest in africa. $4.5 billion of debt was wiped out, and that meant it could all of a sudden borrow from international capital markets. it also discovered oil in 2007. combining those revenues meant investment in large infrastructure projects which then transform the fortunes of the country, so that is how ghana became a rising star. unfortunately we borrowed too much until eventually we had to ask the imf for a bailout. that allowed it to go back to the capital markets and borrow even more so around 2019 it was starting to spend more than 60% of all its government ....

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Column: China's power consumption shows moderate growth

China’s electricity generation grew in line with the long-term average during the first four months of the year as the economy recovered from the end of COVID-19 lockdowns and the exit wave of the pandemic. ....

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Brightline to test high-speed trains ahead of Orlando service

Brightline is ramping up testing of its high-speed trains to prepare for its service to Orlando this year. ....

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