Your ‘exit’ budget ‘uninspiring’ – Haruna Iddrisu to Ofori-Atta

The Minority in parliament has described the 2020 budget as “unimpressive and deserves an exit”. Reacting to the 2020 budget presented by the Finance Minister Wednesday, Minority leader Haruna Iddrisu the budget should be the last one for the NPP government. “One uninspiring budget deserves an exit. Ghanaians are worse off under the Akufo-Addo government […]

National Development Bank in the offing-Finance Minister

Government is due to establish a National Development Bank (NBD), Finance Minister, Ken Ofori-Atta has announced. ‘’Mr. Speaker feasibility study for the establishment of the National Development Bank specifying the rationale, mandate, business model, legal and regulatory framework, ownership, governance and sustainability of the Bank has been completed’’ Mr. Ofori-Atta while presenting the 2020 Budget […]

Banking crisis not cause of collapse of Fund Management Companies-SEC Boss clarifies

The Securities and Exchange Commission (SEC) has distanced the recent revocation of the licenses of the 53 fund management companies from the banking sector shake-up stating that the latter is not responsible for the current happenings in the securities sector. According to SEC, although some collapsed fund managers had their funds locked up in savings […]

Closure of 53 Fund Managers: Securities Association demands clarity on processes to retrieve locked up cash

The Ghana Securities Industry Association (GSIA) wants the Securities and Exchanges Commission to be clear on the processes put in place for customers who invested their monies in the 53 fund management companies whose licenses had been revoked to retrieve their investments. This, the Associations says, will help minimise the adverse impacts of low investor […]

“Ghana, Cote d’ivoire strategic partnership enhancing cocoa farmers’ incomes” – President Akufo-Addo

The president of the Republic, Nana Addo Dankwa Akufo-Addo, says the Strategic Partnership entered into between Cote d’Ivoire and Ghana, which is manifesting itself in our joint cocoa production and marketing policy, is already paying dividends. According to President Akufo-Addo, a Living Income Differential (LID) of UD$400 per tonne will be paid to farmers for […]

Concession agreement for US$2.6 billion Accra Skytrain project signed

The Government of Ghana on Monday signed a US$2.6 billion Concession Agreement with African Investment (AI) SkyTrain Consortium, a South African firm, to construct the Accra Inner-city SkyTrain project. The deal, signed on the sidelines of the ongoing Africa Investment Forum (AIF) in Johannesburg, South Africa, will move forward the construction stage of the single […]

China releases funding for Phase 1 of Sinohydro Roads– Vice President Bawumia reveals

The first tranche of the ‘bauxite for development’ barter agreement, popularly known as Sinohydro deal, signed between the Government of Ghana and the People’s Republic of China has been released, the Vice President of the Republic, Dr Mahamudu Bawumia has disclosed. Speaking in Accra on Monday, 11th November 2019 at the Jubilee House, Vice President […]

“God setting you up for financial greatness” – Agyinasare to customers of collapsed firms

The Presiding Bishop of Perez Chapel International has encouraged the thousands of customers of the various financial companies that have been collapsed by their regulators not to despair because God is working to make them “a financial sign amidst the economic chaos” and also “setting them up” for “greatness and restoration”. During his second sermon […]