Power Firms In GH¢19bn Maze of Debt
Government’s efforts to address the debt position of four key state-owned enterprises in the energy sector has left the International Monetary Fund (IMF) flummoxed as to how the debt restructuring...
Tag: bank of ghana
New PFM Law Wont Solve Ghana’s Fiscal Challenges – Bawumia
A former Deputy Governor of the Bank of Ghana and the running mate of the NPP, Dr. Mahamudu Bawumia, has punched holes into the recently passed Public Financial Management Act (PFMA), saying it lacks...
Reigning Manifestos
We have had a few weeks of it. Rainfall diluting manifesto launches even when enough “nyame akuma' spicing in the mix forced some of us to tune out of the vague promises. But we were not alone. ...
Kan Dapaah Offers The Best Advice On BoG Gold-Watch Scandal
He is a certified chartered accountant and business savvy, and so Mr. Albert Kan-Dapaah began by asking the sort of intelligent questions that most of our politicians and government business...
Banks Are Weak
The country’s financial sector remains relatively weak and elementary after more than a century of financial services provision, Kweku Bedu-Addo, Chief Executive Officer of the Standard Chartered...
Kwesi Botchwey Urges BoG To Do More For Banks
A former finance minister, Professor Kwesi Botchwey, has urged the Bank of Ghana (BoG) to come up with a stable policy framework to help the banks get the necessary guidance in their operations. He...
Avenor Rural Bank Makes Impressive Growth
The total assets of the Avenor Rural Bank has increased to GH¢11,311,838 in 2015, rising 29.14 per cent from GH¢8,759,087 in 2014. Its total investments also jumped 50.98 per cent from...
A Proposal Is A Statement Of Intent, BoG
The executive board of the nation’s central treasury, the Bank of Ghana (BoG), has issued a statement vehemently denying that it has initialed a contract with a Swiss watch manufacturer worth...
Mahama And The Bizarre Bribery And Corruption Cases (2)
It is quite bizarre that President Mahama does not seem to be fretted over the numerous bribery and corruption allegations that have been levelled against him. Apparently, the idiosyncratic...
Ghana Not At Risk of ‘HIPC’
The World Bank President says he does not think Ghana and other African countries with high debt levels are at risk of falling into debt distress or “Highly Indebted Poor Country (HIPC)”...
Is the Glass Half Full Or Half Empty?
In the run up to the elections in Nigeria last year, there was a cartoon which trended on social media in which the then incumbent president, His Excellency Goodluck Jonathan was saying that since...
The Reach For Gold Standard In Public Service In Ghana
I have just read something on line and it is giving me headache. It is this: The leadership of the most pre-eminent Financial Institution in Ghana, the Bank of Ghana, has authorized the expenditure...
Why Would NPP Plot Against Vice-President Wimp, General Mosquito?
Contrary to what Mr. Johnson Asiedu-Nketia would have operatives of the ruling National Democratic Congress (NDC) believe, the 2016 general election, like many others of its kind in the recent past,...
BoG To Stop Purchase of Gold Watches
The Bank of Ghana is set to stop the purchase of gold watches meant to be given out as part of end of service benefit to retiring staff of the institution. This is what Joy Business has picked up...
Mahama Embarrassing Himself In Economics
New Patriotic Party (NPP) Vice-Presidential candidate Dr Mahamudu Bawumia says President John Mahama's display of economic understanding is getting embarrassing. He says Mahama has misinterpreted...
Rewarding BoG Staff With Gold Watches Not Wrong – Casley Hayford
Financial Analyst, Sydney Casley has strongly defended the Bank of Ghana’s decision to spend US$504,000 on gold watches to reward retiring staff. Some documents sighted in some media reports...
Stanbic Boss Projects Growth Prospects For Ghana In 2017
Chief Executive of Stanbic Bank Alhassan Andani has projected positive growth prospects for the country in 2017. At the Standard Bank West Africa Trans-regional Conference held in Accra, Mr Andani...
Official Liquidator Releases List of Validated DKM Creditors
The Official Liquidator has disclosed that payments to creditors of DKM Microfinance are set to commence on Monday, October 17, 2016. A statement released by the Registrar General’s Department and...
BoG Gold Watch Saga Is Part of Culture of Impunity Under Mahama – Atta Akyea
The weak leadership of President John Mahama is to blame for the excessive and extravagant use of state funds by public officials, Abuakwa South MP says. Samuel Atta Akyea portrays the governing...
BoG Hasn’t Signed Any Contract For Gold Watches
The Central Bank of Ghana has denied publications that the authorities have signed a contract with a Swiss company to supply it with gold watches to be given as ex gratia to some workers who are due...