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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telesel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

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HFC to hold EGM on bank’s fate

bycitibusinessnews
January 6, 2015
in Banking And Finance, Business, News
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Indigenous bank, HFC will on the 20th of January, 2015 hold an Extraordinary General Meeting (EGM).

Though the announcement of the EGM does not include the matters to be discussed, Citi Business News gathers it is to deal primarily with the issues of the mandatory takeover by the Republic bank of Trinidad and Tobago.

The Republic bank late last year won a suit filed against it by HFC after the Supreme court threw out the case requesting that HFC bank refers to the Securities and Exchange Commission for grievances to the be resolved.

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The judgment meant the Caribbean bank will move on to take over the bank as a majority shareholder as stipulated by the code on Mergers, acquisitions and takeovers.

The share price of HFC has since risen after the Supreme Court announced its verdict.

The share price of HFC on the Ghana Stock Exchange shot up from 1 cedi 35 pesewas to 1 cedi 50 pesewas as at the close of trading on Friday 2nd Janury,2015.

 

By: Anim Kwaku Boadu/citifmonline.com/Ghana

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