Ghana’s debt stock has risen to GHS255.7 billion, as of June 2020. Some GH¢50 billion has been added to the debt stock in the last 12 months. Provisional figures from the Finance Minister, Ken Ofori-Atta, indicated that the current debt stock...
Tensions between Ghanaian and foreign retailers appear not be dying down anytime soon. Attempts by some Ghanaian traders to lock up the foreign-owned shops again on Friday, July 24, nearly led to a scuffle but for the intervention of police...
The host of Metro TV’s flagship current affairs programme, Good Evening Ghana, Paul Adom-Otchere, is claiming that the Bank of Ghana deliberately collapsed some indigenous banks. According to him, the act was purely executed out of envy and hatred. “It is...
Government has established a Guarantee Scheme of up to GH¢2 billion to enable businesses to borrow from banks at more affordable rates and at a longer tenor. This was announced by the Minister for Finance, Ken Ofori-Atta during the mid-year...
The further weakening of the Ghanaian Cedi against the U.S. dollar will worsen the impact of coronavirus pandemic, the International Monetary Fund has said. Since late February 2020, the Cedi has consistently depreciated against the dollar by -2.46 percent, year...
The public gallery of Parliament will not be opened on Thursday, July 23, when Finance Minister, Ken Ofori-Atta, would be expected to present to the House, the government’s Midyear Budget statement. According to an order by the Speaker, Prof. Aaron...
The Ecobank Ghana Head Office in Accra was on Tuesday morning, July 21, nearly taken over by police officers who were there to enforce a High Court order over a debt the bank owes a private entity. In a court...
A three-member panel of the Court of Appeal has dismissed an application for Stay of Proceedings by the Bank of Ghana (BoG) in an action instituted by HODA Holdings following the revocation of the license of UniCredit Savings and...
News reaching us indicates that the Chief Executive of the Ghana Bankers Association, Daniel Ato Kwamina Mensah, has reportedly passed away. Sources reports that a notice to members of the Association from its president Alhassan Andani confirmed the demise of...
The Council of the Ghana Stock Exchange has appointed Ms. Abena Amoah as the Deputy Managing Director of the Exchange. She will be responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings and New Products, the...
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