Accra, Ghana

GSE Feed

Forex Rate

Author Archives: Lawrence Segbefia

More banks considering mergers, takeover– BoG

Dr. Ernest Addison, Governor of the Bank of Ghana

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has disclosed that the central bank has received some proposals from banks pushing for mergers and takeovers, following the announcement of the new capital requirement. The Bank of Ghana increased the capital requirement of banks from 120 million cedis to 400 million cedis in September 2017. The increment was ...

Read More »

BoG maintains policy rate at 21%

Governor of Bank of Ghana Dr. Ernest Addison

The Bank of Ghana (BoG) has for the first time this year maintained the Policy Rate at 21 percent. This follows three consecutive reductions from 25.5 percent in January to 21 percent July. Speaking at a press conference in Accra, the Governor of the Bank of Ghana, Dr. Ernest Addison attributed the decision to maintain the current figure on the ...

Read More »

Ghana’s debt stock hits ¢138.6bn in June 2017

Dr. Ernest Addison, Governor of the Bank of Ghana

New figures released by the Bank of Ghana(BoG) show that the country’s total debt stock is at 138.6 billion cedis as at June 2017. The new figure shows that Ghana’s debt increased by 1.3 billion cedis from May to June 2017 as the month of May recorded a debt stock of 137.3 billion cedis. The figures were contained in statement ...

Read More »

Tullow to resume TEN operations following ITLOS ruling


Oil giant Tullow is to resume operations at the TEN oil fields by December, 2017, after putting it on hold for two years due to the maritime border dispute between Ghana and Ivory Coast. Ghana dragged Ivory Coast to the Special Chamber of the International Tribunal of the Law of the Sea(ITLOS) in September, 2014 after negotiations with Ivory Coast ...

Read More »

2017 #CitiBizOlympics at Burma Camp [Photos]


More than 50 companies in Ghana participated at the 2017 edition of Cit FM’s Business Olympics. The event was held at the Burma Camp Leisure Centre in Accra. The companies competed in various sporting disciplines including swimming,  7-aside-soccer, scrabble, volley, lime and spoon race, Basketball, Table Tennis, Armwrestling, Lawn tennis, and Tug of peace among others. The companies battled it out for ...

Read More »

Don’t use 2017 1st half performance in recapitalization

Raymond Amanfu

The Bank of Ghana (BoG) has insisted that banks will not be allowed to use 2017 half year financial results as part of the recapitalization process. The BoG this month increased the capital requirement of banks from 120 million cedis to 400 million cedis to strengthen the financial system, among other reasons. Speaking to bank executives at the National Banking ...

Read More »

Ghana wins maritime dispute case against Ivory Coast


The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS), has ruled in favor of Ghana in the three-year-long maritime dispute between the country and Côte d’Ivoire. The Chamber in a unanimous decision on Saturday September 23, 2017, ruled that there has not been any violation on the part of Ghana on Côte d’Ivoire’s maritime boundary. ...

Read More »

Nana Addo pledges robust value addition for cocoa


President Nana Akufo-Addo has impressed on his fellow African leaders the need to realign their respective economic policies to add value to raw materials produced on the continent. He believes the virtual neglect of this principle has deprived most African countries from the global trade and as a result affected their competitiveness. Citing the relatively lower benefits accruing to Ghana ...

Read More »

#CitiBizOlympics: All is set for the biggest corporate sporting event

WhatsApp Image 2017-09-18 at 5.34.49 AM

All is set for the Citi Business Olympics which comes off tomorrow at the Burma Camp Sports Complex. The event which is the biggest corporate sporting event will assemble thousands of workers from different companies across the country.   There are over twenty (20) trophies to be won on the day in the 7-aside-soccer competition, 50 meter dash, lawn tennis, ...

Read More »

HFC bank to host Caribbean Trade Mission

Anthony Jordan proper

HFC Bank (Ghana) Limited in partnership with its parent company, Republic Financial Holdings limited is set to organize the maiden Caribbean Trade Mission in Ghana from next week; 26th September to 28th September at the Movenpick Ambassadorial hotel in Accra. The Trade Mission will see over 30 companies and institutions including business people, investors, policy makers and industry leaders from ...

Read More »
Ghana Business News