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Author Archives: Mawuli Tsikata

The 15 year Bond. Will the anchor hold?

Ken Ofori-Atta - Finance Minister

At the beginning of April this year, the Government of Ghana seemingly took a giant stride in its ongoing efforts to deepen the country’s capital market and substantially expand its constricted fiscal space with the introduction of 15 year cedi-denominated treasury bonds. Prior to the issuance, the longest tenured bonds issued on the domestic market by government had been 10 ...

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Will Ghana get a factory in every district?

komenda sugar factory

When Nana Addo Dankwa Afufo-Addo, announced a year ago, as the leading opposition contender for the presidency, that if elected to the highest office in Ghana he would ensure that a factory was established in every district, many Ghanaians dismissed his pronouncement as just another heady electoral campaign promise from a man desperate to win the support of the electorate, ...

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Citi FM dissociates itself from false BoG new notes story

Governor of BoG

It has come to the attention of Citi 97.3 FM that, a story in circulation headlined ‘BoG to issue new GHC5, GHS30, GHS100, and GHS 200 notes on March 4”, has been sourced to citibusinessnews.com, and our Business Reporter, Lawrence Segbefia.   The Management of Citi FM would like to state categorically, that neither the reporter, Citi FM nor Citi ...

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BDCs debt payment plan with Govt in limbo?

Finance Minister, Mr. Seth Terkper

Fears of a likely collapse of a number of banks in the country have been reinforced following new revelations that government may not abide by the agreed payment plan to clear debts owed banks by Bulk Oil Distribution Companies (BDCs).   Government is currently indebted to about 17 Bulk Distribution Companies (BDC)s in excess of 500 million dollars.   Majority ...

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