Author: citibusinessnews
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Cashew generated 170 million dollars in 2013
The cashew industry generated 170 million dollars in the form of foreign exchange earnings for the economy in 2013. Mr Justice Samuel Adjei, Deputy Brong-Ahafo Regional Minister who made this known in Sunyani said the industry is the largest contributor to non-traditional export crops. The Deputy Regional Minister was speaking at the closing session of…
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Lands Commission pleads for funds
The acting Executive Secretary of the Lands Commission, Dr Wilfred K. Anim-Odame, has made a plea to government to allow it retain part of its internally-generated funds (IGF). The commission, he says, has inadequate funds to discharge its mandate of land administration and, therefore, requires the intervention of the government. Dr Anim-Odame made the appeal…
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Parliament approves Atuabo free port project
Parliament on Thursday ratified a commercial agreement between the government of Ghana, Lonrho Ports Ghana Limited and Atuabo free Port Company Limited for the facilitation of the Ghana Oil and Gas Free Port Project. The project which would be situated at Atuabo in the Western Region is expected to be fully operational in 2016 to…
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Govt awaits approval of experts to issue Eurobond
Government is expected to issue the country’s next Eurobond when it gets the green light from its transaction advisors. According to finance minister Seth Tekper the advice of the experts will determine the exact period for conducting road shows and floating the bond. Government has appointed Barclays Bank, Deutsche Bank and Standard Chartered Bank as lead transaction…
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Ghana Home Loans and A-Star Building Solutions to provide affordable homes
Ghana Home Loans, the nation’s leading mortgage provider has signed an MOU with A-Star Building Solutions, an estate developer, to deliver affordable homes across the country. Under the terms of the MOU, Ghana Home Loans shall provide construction mortgage financing to eligible applicants who wish to build or complete residential structures on their own parcel…
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Cocobod to seek extra cash for syndicated loan
Finance minister Seth Tekper has confirmed Cocobod will seek additional funding for this year’s syndicated loan. Cocobod had earlier announced it will seek 1.8 billion dollars this year for its syndicated loan. However finance minister Seth Tekper has announced this figure will be increased to 2 billion dollars. Last year Cocobod signed a $1.2 billion…
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Government’s decisions led to economic woes- Tekper
Finance minister Seth Tekper has admitted that certain decisions taken by government are to be blamed for the country’s current economic challenges. According to Seth Tekper poor estimation on the part of government in taking certain decisions among others may have led to country’s current woes. ‘‘What did we do wrong, if you take the…