Ghana’s Public Debt Hits GHC112 Billion
The country’s debt stock has reached GH¢112.4 billion as at September this year a summary of economic and financial data released by the Bank of Ghana (BoG) has revealed. This came to the fore...
Tag: Seth Terkper
ADB To Facilitate Pokuase Interchange Project
Ghana and the Africa Development Bank (AfDB) on Wednesday signed a loan agreement of $ 83 million for the Accra Urban Transport Project also known as the Pokuase Interchange Project. The project is...
Ghana And ADB Sign $ 83 Million Loan Agreement
The loan would be used for the Pokuase Interchange Project Ghana and the Africa Development Bank (AfDB) on Wednesday signed a loan agreement of $ 83 million for the Accra Urban Transport Project also...
Terkper Hopes For Drop In Policy Rate
The Finance Minister, Mr Seth Terkper, expects the stability in the fiscal side of the economy to provide comfort to the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) and possibly prompt...
Ecobank Launches Mobile App To Offer Customers Convenience
Ecobank Ghana has launched the Ecobank Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app delivered by any institution for use in 33 countries and...
Govt Secures Funds For Pokuase Interchange
Government has signed a loan agreement with the African Development Bank to provide 83 million dollars for the construction of the Pokuase Interchange as government provides 11 million dollars....
Banks Receive 2nd Payment of VRA ‘legacy Debt’
19 banks owed under the ‘legacy debt’ received second payment in the first quarter of September. This was part of schedule of payment as agreed between the banks and government. The Ministry of...
Interest Rate To Go Down – Terkper Predicts
Finance Minister Seth Terkper is predicting that the significant drop in inflation is likely to force interest rate down in the coming days. Inflation for the month of October 2016 declined from the...
Terkper Defends Raising Bond At 19%
The Finance Minister, Mr Seth Terkper, has defended the government’s decision to raise a GH¢438-million bond at a rate of 19 per cent, explaining that interest on the 10-year loan is the second...
PIAC Counsels Gov’t Into New Hedging Deal
The Public Interest and Accountability Committee (PIAC) has joined a long list of advocates that have urged government to seriously consider restoring its hedging programme in order to cushion the...
Bankers Split On Local Dollar Bond Issuance
The Chief Investment Strategist of Standard Chartered Bank Group, Steve Brice, has backed government’s recent decision to turn to the domestic capital market to raise capital by issuing its debut...
Terkper Induces Businesses To Invest In Agriculture
Finance Minister, Seth Terkper has encouraged Ghanaian companies to take advantage of the opportunities of government’s recent economic policies especially in the Agriculture sector which he thinks...
Reduce Tax Burden
The Industrial and Commercial Workers Union (ICU) and the Association of Ghana Industries (AGI) have intensified calls on the government to reduce the tax burden on their members. According to...
Maiden 10-Year Bond Fetches Ghana GHS438m At 19% Interest
Government has raised 438 million cedis ($110 million) worth of bids for its first 10-year domestic bond issued today at a cost of 19 percent. The bond which will mature in 2026 was also opened to...
Ghana Chalks Another Success By Halving Extreme Poverty
Ghana became the first sub Saharan African country to halve extreme poverty, an indication that the country’s economic policies are having the desired impact, MARK DEAN of Your Business Watch...
Ghana’s Economy Scores Another First
Ghana became the first sub Saharan African country to halve extreme poverty, an indication that the country’s economic policies are having the desired impact. MARK DEAN of Your Business Watch...
Banks Crave More Loan Restructuring Deals
Government’s decision to restructure Volta River Authority’s (VRA) debts has been well received by banks in the country which are hoping such arrangements will be made for other State-Owned...
Govt Makes Second Payment On Legacy Debt
The President of the Ghana Bankers Association, Alhassan Andani has stated that banks that were owed by government under the legacy debt have received second payment in the first week of September....
Terkper Warns Banks To Demand Contract Budgets From MDAs
The Finance Minister, Mr Seth Terkper, has charged banks to conduct due diligence on loan applications by contractors and suppliers who seek to raise funds to pre-finance government contracts. He...
Industries Want Subsidies On Residential Power Removed
The Association of Ghana Industries (AGI) has served notice that industries can no longer bear the payment of subsidies on residential power, and therefore want it scrapped in the next tariff review...