Ghana is set to receive $185.2 million following a successful completion of the seventh and eight reviews under the Extended Credit Facility (ECF) support arrangement by the International Monetary Fund (IMF). The Executive Board of IMF approved Ghana’s request for a waiver of the non-observance of a few programme targets. $925.9m Extended Credit Facility The […]
The Concerned Lotto Agents Association of Ghana (CLAAG) has appealed to the government to conduct an inquiry into the current operations of the National Lottery Authority (NLA). It said that NLA demanded a whooping sum of ₵1 million from private lotto operators as registration and licensing fees in order to regularise ‘Banker to Banker’, adding, […]
The General Manager of Southern Ghana sector of MTN Ghana Mr. Abubakar Mohammed has stressed the importance of obtaining feedback from the company’s clients on a regular basis in order to help it fashion products that will suit them and give them value for money. He said it is against this background that the company […]
Ghana Cocoa Board (COCOBOD) signed a $300 million three-year loan with several international lenders yesterday to refinance central bank-raised cocoa bills and finance production enhancement programmes. Last September, COCOBOD announced that it was in talks with international lenders for such a loan. That month, COCOBOD signed a $1.3 billion loan with international banks to finance […]
EVEN as government awaits proceeds from its recent over-subscribed $3 billion Eurobond, in addition to other interventions that will inject some foreign exchange onto the market the cedi has already started making some gains on the forex market. The local currency has since March 13, 2019 regained some 5.86 per cent value against the US […]
Officials from Suzuki Motor Corporation, Toyota Tsusho Corporation, and CFAO have announced a joint venture to manufacture and distribute vehicles in Ghana. At a courtesy call on President Akufo-Addo, on Tuesday, 19th March, 2019, at Jubilee House, Mr. Koyote Suzuki, General Manager for the Middle East and Africa of Suzuki Motor Corporation, told President Akufo-Addo […]
The Trades Union Congress (TUC) has called on government to intervene to ensure that no worker is shortchanged. It also made a concrete and specific proposal to Social Security and National Insurance Trust (SSNIT) and National Pensions Regulatory Authority (NPRA) for consideration, adding, “TUC is convinced SSNIT is looking at the proposal to get a […]
Ghana’s bid to raise $3 billion from the international capital market to finance key development projects, as well as retire maturing debts, has been over-subscribed by $16.9 billion at final pricing. An initial order book of over $21 billion in bids was received, which means it was over-subscribed by seven times. A $19.9 billion order […]
Ghana and Guinea are set to begin discussions for bilateral cooperation in bauxite industry development, similar to the trade cooperation between Ghana and Ivory Coast in the Cocoa sector. This was made known by Ghana’s Vice President, Dr. Mahamudu Bawumia after a bilateral meeting between him and the Prime Minister of Guinea, H.E Ibrahima Kassory […]
A Facebook user has lampooned Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, telling him to shut up over the collapse of GN Bank and stop disturbing Ghanaians about what role government played or did not play in the whole matter. Amondiwo Vincent-Murphy accused the Groupe Nduom founder of significantly contributing to the collapse of […]
President of the Bankers Association of Ghana, Alhassan Andani says the banking sector will not finance projects which endanger the climate. He added that it has resolved to halt funding of projects which do not follow the guidelines for sustainable investment. Contrarily, he said the sector will actively take part in fund mobilisation to assist […]
Ghana’s leading Mobile Telecommunications Company, MTN has launched its 4G+ Service with a view to guaranteeing faster data speeds and wider coverage for its customers. According to a release issued by the company, the 4G+ service runs on 4G LTE Advanced technology using the combination of the 800MHz and 2600MHz for carrier aggregation which is […]
