The rand gained, headed for the biggest monthly advance since December 2012, as South African Finance Minister Pravin Gordhan pledged to rein in spending to narrow the budget deficit over the next three years.
Danish pharmaceutical co. quits Innovative Pharmaceutical Association of SA amid govt plans to change patent rules, Johannesburg-based newspaper reports, citing spokeswoman Shelley Harris. * Resignation follows proposed campaign by Washington-based Public Affairs Engagement against govt plans to change patent laws: Business Day
(Corrects net int. income figure in story published yday.) Net int. income in 3 mths through March 21.7m cedis vs 17.3m cedis, co. says in statement e-mailed by Ghana Stock Exchange. * EPS 0.085 cedi vs 0.07 cedi
An ambush that killed seven United Nations peacekeepers, the deadliest attack on foreign troops in Ivory Coast in eight years, marks growing insecurity in the key cocoa-growing area along its porous border with Liberia.
Ghana will narrow its budget deficit this year by reducing fuel subsidies and earning more taxes from oil companies as crude production in the West African nation increases, Finance Minister Seth Terkper said.