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Banks will be stronger with new capital requirement

Former CEO of Ecobank Group, Arnold Ekpe

Former CEO of Ecobank Group, Arnold Ekpe has said that the move by the Central Bank to increase the minimum capital requirement will enable banks to finance big-ticket transactions of the government. The Bank of Ghana (BoG) in September this year revised upwards the minimum capital requirement for banks from 120 million cedis to 400 million cedis, as part of ...

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First Atlantic Bank to meet new capital requirement

WhatsApp Image 2017-11-15 at 7.22.44 AM

First Atlantic Bank has stated that it will meet the new minimum capital requirement set by the Bank of Ghana before deadline date in December 2018. This follows the upward revision of the minimum capital requirement for banks from the current 120 million cedis to 400 million cedis. The banks have up until December 2018 to recapitalize. Speaking to Citi ...

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#Ghbudget: Gov’t to launch National Development Bank

Finance Minister, Ken Ofori-Atta

The Finance Minister, Ken Ofori-Atta, has announced that government will launch a National Development Bank, with the capacity to mobilize private capital towards agricultural and industrial transformation. According to him, Government has already set-up a task force to develop a road-map for the establishment of the bank. Mr. Ofori-Atta made the announcement during the presentation of the 2018 budget statement ...

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#Ghbudget: Gov’t budgets GH¢62bn for 2018

Finance Minister, Ken Ofori-Atta

Government expects to spend an estimated 62 billion cedis in the 2018 financial year, Finance Minister Ken Ofori-Atta has revealed. This is equivalent to 25.7 percent of the country’s Gross Domestic Product (GDP), and represents an annual growth of 14.5 percent. The Finance Minister made the announcement today, Wednesday, November 15, 2017, in parliament during the national budget presentation. According ...

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#Ghbudget: Electricity tariffs to be reduced by 13%

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The Finance Minister, Ken Ofori-Atta, has proposed an average reduction of 13 percent in electricity tariffs for residential consumers of electricity. Consumers in the non-residential category will also see a 13 percent drop in tariffs. The high electricity tariffs were a major part of the New Patriotic Party (NPP)’s campaign ahead of the 2016 elections, with many of the party’s communicators claiming ...

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#GhBudget: Over 3,000 employed under Planting for Food & Jobs

Finance Minister, Ken Ofori-Atta

Over 3,000 young people have been employed under government’s Planting for Food and Jobs programme which was launched in January 2017. The Minister of Finance , Ken Ofori-Atta, who made this known whiles presenting the 2018 Budget and Policy statement in Parliament today , [Wednesday], indicated that a total of 2,160 university graduates and 1,070 youth were employed under the ...

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#Ghbudget: Gov’t targets 6.8% growth rate in 2018

Finance Minister, Ken Ofori-Atta

The Finance Minister Ken Ofori-Atta has announced that government intends to grow the economy by 6.8 percent in 2018. This represents a 0.5 percent increase, compared to 2017 which was pegged at 6.3 percent. Presenting the 2018 Budget and Financial Statement in parliament today, Monday, November 15, 2017, Finance Minister, Ken Ofori-Atta, stated that government targets “overall GDP growth rate ...

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#Ghbudget: 2018 budget delivery underway in parliament

Finance Minister, Ken Ofori-Atta

Finance Minister, Ken Ofori Atta, is on the floor of Parliament, presenting the government’s 2018 budget to lawmakers. The budget is the second the for the Akufo-Addo administration since it took over the administration of the country in January 2016. The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, business ...

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2018 budget to focus on jobs, tax reforms, agric & business

Ken Ofori-Atta

Finance Minister Mr. Ken Ofori Atta will today [Wednesday], November 15, 2017, present the 2018 budget to lawmakers. The budget will be second the for the Akufo-Addo administration since it took over the administration of the country in January 2016. The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, business ...

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GIPC, SADA partner to boost investments in Northern Ghana

MR YOFI GRANT

The Ghana Investment Promotion Centre (GIPC) is seeking to attract huge volumes of investments into the three regions of the North within the short to medium term. As a result, the Centre has signed a Memorandum of Understanding (MoU) with the Savanna Accelerated Development Authority (SADA). The agreement will among others see the GIPC market the investment projects developed by ...

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