Fuel Prices To Go Up By 3% – IES
The Institute for Energy Security (IES) has indicated fuel prices could go up by 3% if government does not take any action to address recent developments in the energy sector. In a statement issued...
Tag: bank of ghana
Fuel Prices To Go Up By 3%
The Institute for Energy Security (IES) has indicated that if government does not take any action to address recent developments in the energy sector, fuel prices could go up by three per cent at the...
Ken Ofori Atta and Osafo Marfo Contradict On Source of Funding
Finance minister, Ken Ofori Atta has dismissed claims that the Nana Akufo-Addo’s administration has initiated actions to finance its free Senior High School (SHS) policy with petroleum revenues...
We Won’t Touch Heritage Fund
Finance Minister, Ken Ofori-Atta, has said the Akufo-Addo government has no intention of touching the Heritage Fund to bankroll the Free Senior High School policy. “We are not going to touch the...
Ghana’s Inflation To Decline
Inflation will continue to fall in Ghana in 2017, following several years of extraordinarily high price growth, Fitch has predicted. According to the ratings agency, “having peaked at 19.2 percent...
AFAG To Government
The government must set up a Senior High School Fund that will become a permanent and sustainable source of funding for the Akufo-Addo government’s Free Senior High School, pressure group Alliance...
Take Hands Off Heritage Fund – Minority
The Minority in Parliament has said it will resist the use of the Ghana Heritage Fund to bankroll the Akufo-Addo government’s Free Senior High School programme scheduled to start in September this...
Bawumia Petitioned Over GHC4.6bn BoG Contract
An Accra-based radio station, Citi 97.3 FM, has appealed to Vice President Dr. Mahamudu Bawumia to launch an investigation into a contract awarded by the Bank of Ghana (BoG) to SIBTON Switch Systems...
Ghanaian Banks Face High Asset Risks, Despite Solid Capital Buffers
High asset risks pose the biggest challenges for banks in Ghana, says Moody's Investors Service in a report published today. "We expect asset risk for banks in Ghana to remain high over the coming...
Use Heritage Fund But Pay With Interest – AFAG
Using the Heritage Fund to bankroll the government’s Free Senior High School programme is apt, but the money must be paid back with interest after three years, pressure group Alliance for...
Banks Minimize Lending Due To High NPLs
Citi Business News has gathered that banks in Ghana have reduced lending to the private sector due to the continuous rise of Non Performing Loans(NPLs). The banks believe the move will reduce the...
$600m/year Needed To Fund Free SHS
Ghana needs about $600 million per annum to fund and implement the Free Senior High School programme introduced by the Akufo-Addo government, Patrick Stephenson, Director of Research and Finance of...
Heritage Fund Debate Builds Up
The decision by Nana Akufo-Addo’s administration to finance its flagship free Senior High School policy with petroleum revenues has stirred controversy about the usefulness of the Ghana Heritage...
Return On Investment of Ghana Heritage Fund Declines
Return on investment of Ghana’s Heritage Fund recorded a decline in the second half of 2016 as compared to the first half of the same year. A report released by the Bank of Ghana on the performance...
Inflation Eases Further, Drops To 13.3% In January
Ghana’s inflation for the first month of 2017, January recorded 13.3 percent. The figure dropped by 2.8 percent from the 15.4 percent recorded in December 2016. Ghana started 2016 with an...
IMF Extension May Delay Disbursements – Dr. Assibey
Ghana risks a likely delay in the disbursement of funds from the International Monetary Fund from this year, following plans to extend the deal. This is the caution from Economist, Dr. Eric Osei...
Negative Return On Oil Cash Investment
IT has emerged that the performance of the Ghana Petroleum Funds’ portfolios declined in the second of 2016. In an era where Ghana paid between eight and 10.75% interest on Eurobonds, it is...
Government Begins Negotiations To Extend IMF Deal
Citi Business News can confirm that Government is considering extending Ghana’s program with the International Monetary Fund(IMF). Minister of Monitoring and Evaluation, Dr. Anthony Akoto Osei who...
Govt Begins Negotiations To Extend IMF Deal
Citi Business News can confirm that Government is considering extending Ghana’s program with the International Monetary Fund(IMF). Minister of Monitoring and Evaluation Dr. Anthony Akoto Osei who...
Duffour Chides Previous Gov’t Over Oil Cash Investment
A Former Governor of the Bank of Ghana(BoG) Dr. Kwabena Duffour has criticized the erstwhile John Mahama government for investing the proceeds from the Heritage Fund into short term instruments....