Author: citibusinessnews
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Economists warn of high interest payment on $700 million Eurobond
Ghana is likely to pay high yields on its 700 million dollar Eurobond to be issued this year because of the country’s high debt levels. [contextly_sidebar id=”MdzNMWzpnUfnJaUS6QbVlIXX38qYY0Yw”]This is according to economist and senior lecturer at the University of Ghana, Dr Ebo Turckson. Ghana is to commence a road show for its fifth Eurobond in the…
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Bankers tout BoG Governor’s achievement as he prepares to bow out
Some analysts have commended the Governor of the bank of Ghana, Dr. Henry Kofi Wampah, over his achievements as the head of the central bank. [contextly_sidebar id=”0UCPi6ReeV9YLpaC9bfiubJshYmQRENr”]It follows the announcement of a rather early exit of the Governor from the bank. A statement released by the Bank of Ghana which confirmed the Governor’s exit stated…
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Wampah’s exit won’t affect stock market—Nana Otuo Acheampong
Banking Consultant, Nana Otuo Acheampong has downplayed any negative effect of the early exit of the Governor of the Bank of Ghana (BoG), Dr. Henry Kofi Wampah on the nation’s finances and stock market. Dr. Wampah, on Tuesday, told the Reuters News Agency of his exit as governor of the BoG by end of March…
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BoG Governor to step down on Thursday
Bank of Ghana Governor, Henry Kofi Wampah will retire this week according to Reuters. [contextly_sidebar id=”jZ204ZyiztNykcK3J2C0l5o6OTFVah0K”]Wampah, whose term officially ends on August 5, told Reuters he had informed President John Mahama of his intention to leave by the end of this month, adding the decision was partly linked to presidential and parliamentary elections planned for…
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Vodafone yet to restore services in Bawku
Vodafone Ghana has told Citi Business News it is working round the clock to restore network operations to residents of Bawku and surrounding towns after a halt in operations due to a fire gutted the district office at Bawku last Friday. Items worth millions of cedis were destroyed when fire gutted the district offices of…
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Negative credit rating: Risk to investments – Economist
Economist, Dr. Ebo Turckson has warned that the latest rating of the Ghanaian economy by Fitch is a bad signal to investors. [contextly_sidebar id=”dzNJzjjXao9HWw7u8NMuK674UYXup7LH”]According to him, the rating paints a gloomy picture of the country’s macro-economic and political environment which determines investments into the country. “You know foreign investors look at some of these things,…
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Filling Rate of Algeria’s Dams Exceeds 72 Percent
The filling rate of the 65 dams in operation throughout the country exceeded 72%, said Water Resource and Environment Ministry, which added that 10 dams are totally full, while eight others exceeded 90% of their storage capacity. Water intakes recorded following the recent rains in several provinces of the country until Thursday (March 24) were…
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Egypt: Israeli Supreme Court Temporarily Halts Gas Export Deals With Egypt, Others
The Israeli Supreme Court ruled Sunday to halt the Israeli government’s plan to regulate the natural gas industry, in a move that is set to complicate export deals with Egypt and other states. In November, Israel’s Leviathan partners entered into negotiations with Egypt’s Dolphinus Holdings to supply as much as 4 billion cubic meters of…
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Kenya Vision 2030 – Mega Projects Well Under Way but Growth Remains Elusive
Kenya’s ambition of becoming a middle-income economy with per capita income of between $1,045 and $12,736 hangs in the balance as the government struggles to meet key growth targets under its long-term development plan called Vision 2030. Latest data from the Kenya Vision 2030 Delivery Secretariat paints a grave picture of the achievements made in…
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Rwanda: MINAGRI Given Six Months to Recover Over Rwf11bn From Farmers
Members of Parliament (MPs) in the Lower Chamber have given a six-month deadline to officials at the Ministry of Agriculture (MINAGRI) to recover more than Rwf11bn worth of fertilisers that was loaned to farmers over the last five years. The decision is one of the recommendations endorsed by the Chamber of Deputies yesterday as MPs…