Additional $200m Loan Awaits COCOBOD
The Ghana Cocoa Board (COCOBOD) has signed a $1.8billion cocoa syndicated loan agreement in Frankfurt, Germany, for the 2016/2017 cocoa crop year. The facility will go into the purchase of cocoa...
Tag: Economy of Ghana
Single-Room Banks Don’t Make You ‘adwumawura’ – Ayariga To Nduom
Dr Papa Kwesi Nduom’s single-room banks littered across the country do not qualify him as ‘adwumawura’ – creator of jobs, as he has been touting himself to be, flag bearer of the opposition...
Nduom Assures of GN Bank Branch At Wassa Akropong
GN Bank will soon have a presence in Wassa Akropong, People’s Progressive Party (PPP) flag bearer Dr. Papa Kwesi Nduom has promised. Dr Nduom, who is also the president of Groupe Nduom (GN) – of...
BoG To Auction Proceeds From Cocoa Syndicated Loan
Citi Business News has gathered that Ghana will soon start inviting bids for the auctioning of the foreign-exchange proceeds from the Ghana Cocoa Board’s syndicated loans for the 2016/2017 crop...
Stock Market Trade Hits 32,649 Shares
Volume traded on the Ghana Stock Exchange (GSE) hit 32,649 shares which were valued at GHS128,171.34 at the close of trade on September 22, a stock market analysis paper made available to the Ghana...
Makola Traders Unhappy With Unregulated Hawkers
Traders at the Makola market and its environs have expressed concern the unregulated hawkers, salesmen and women who choose to ply their trade along the streets of the market. These “illegal...
Deputy Finance Minister Pledges Transparency In Oil Money Spending
Deputy Finance Minister, Mrs. Mona Quartey, has repeated the government’s unwavering commitment to ensure transparency in the spending of the oil and gas revenue to propel the growth of the economy...
Weakening Banking System Shows You’re Incompetent – Akoto Osei To NDC
The Minority spokesperson on Finance, Dr. Anthony Akoto Osei has described as unfounded claims by the NDC’s Forum for setting the record straight that the NPP handled the economy incompetently when...
Cocobod’s US$1.8bn Syndicated Loan Ready In Two-Weeks
Ghana Cocoa Board (COCOBOD) says it secured US$1.8 billion syndicated loan from a consortium of banks to allow it purchase cocoa beans for the 2016/2017 crop season beginning next month will hit Bank...
No Political Motives In Fertiliser Distribution
Allegations of discrimination in the supply of farm inputs to cocoa farmers have been denied by the Ghana Cocoa Board (Cocobod). Accusations swirled that cocoa farmers affiliated to the governing...
Ghana Ranks 72nd On World Economic Freedom Ranking
Ghana has placed 72nd in the 2016 economic freedom index. This was revealed in a presentation by James Roberts, a research fellow at the Heritage Foundation, Washington DC. Ghana ranked 72nd among...
Only 3 Out of 36 Firms On Stock Exchange Post Growth
Only three out of 36 listed firms on Ghana’s Stock Exchange have since January 2016 registered growth in their share prices, The Business Finder reports. The market capitalisation of the 36 listed...
Brexit Pushes Rate On Cocobod Loan To 1.47%
The Ghana Cocoa Board (Cocobod) will pay more for it's annual cocoa loan this year than it did for the US$1.8 billion it took from the international finance market last year. Although the board is...
NPP Waiting For NDC’s Response To 170 Facts Presented By Dr. Bawumia
The Office of Dr. Mahamudu Bawumia has noted the discussions on his Public Lecture on the theme – “The State of the Ghanaian Economy – a foundation of Concrete or Straw” – and continues to...
Raising Equity On Capital Market Just Became Easier
The Deputy Managing Director of the Ghana Stock Exchange (GSE), Mr Ekow Afedzie, has entreated small and medium enterprises as well as start-ups in the Ashanti Region to take advantage of the newly...
MPC Announces Policy Rate Today
The Monetary Policy Committee (MPC) of the Bank of Ghana is expected to announce a new policy rate today, Monday September 19. It comes after a meeting on Friday September 16 by the MPC on the health...
Mobile Money Float Tops GHC700 Million
The total cash float from the various mobile money platforms to the banks reached GHC703.64million in July this year, representing a 48.3 per cent jump from July last year. Head of Payment Systems...
Nduoms Gold Coast Securities In Danger??
The Court of Appeal of the Republic of Ghana, on 16th June 2016 affirmed the decision of an Accra High Court decision on the Progressive People’s Party Self-elected Presidential candidate, Dr. Papa...
8 Banks On the Verge of Collapse – Bawumia
A former deputy Governor of the Bank of Ghana and the running mate of the NPP Dr. Mahamudu Bawumia has warned that eight banks in Ghana risks collapse due to the continuous hikes of bad loans on...
It’s Only Wise To Listen To Bawumia – Bentil
Given that the analyses of New Patriotic Party (NPP) vice-presidential nominee, Dr Mahamudu Bawumia, have turned out to be more accurate than those of government, it is only wise that the former...