Author: Emmanuel Oppong
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Treasury bill auction surges; records 15 percent oversubscription
The government surpassed its auction target for last week as market continued to experience sufficient liquidity. Treasury bill sales recorded 15.10 percent oversubscription of its target of GHS 3,064 million. According to figures from the Bank of Ghana, a chunk of the bids came in from the 91 Day Bill. A total of GHS 2,…
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Africa, Canada trade hits $15 billion in 2022
Trade volumes between Africa and Canada increased by a little over 15 billion dollars in 2022 which is a significant improvement compared to pre –pandemic figures. This, according to the Canadian High Commissioner to Ghana, Her Excellency Martine Moreau is a testament to the resilient trade relations that exit between Africa and Ghana. “Last year…
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Stakeholders in digital ecosystem charged to do more to protect child privacy
Policy Makers in the digital ecosystem are being encouraged to deepen collaborations that safeguard the data of children across the country. This, according to the Africa Digital Rights Hub, a not profit think and action tank agency will ensure that children optimize the usage of internet related platforms while being protected. Teki Akuetteh is the…
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Businesses admonished to shun falsification of immigration documents
Businesses especially those seeking to establish presence in the global market space have been urged to eschew falsification of documents. This, according to Askia Immigration Consulting Services, a regulated Immigration Consultant will ensure the smooth visa acquisition. Speaking on the sidelines of the CEOs Connect Business Conference organized by the Canada Ghana Chamber of Commerce…
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Explore international treaties and benefit – Trade Ministry urges businesses
Businesses are being encouraged to cultivate interest in appreciating international business treaties to give them better perspective of global business dynamics. This, according to the Ministry of Trade and Industry will help local businesses explore trade financing that are embedded these treaties. Ghana is signatory to many international treaties which seek to deepen economic and…
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Trade Ministry encourages businesses to meet global trade standards
Businesses are encouraged to adhere to global quality standards in order to propel Ghana to the forefront of the international market. This, according to the Ministry of Trade and Industry will give the country a competitive edge as the country makes efforts in scaling up value addition strategies for its exported raw commodities. Global trade…
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Forge strong synergies that will attract more FDIs – GIPC tells businesses
The Ghana Investment Promotion Centre (GIPC) has emphasized the need for stakeholders in the business space to forge partnerships aimed at creating synergies that spur economic growth. This, the Investment Center explains will improve efforts aimed at attracting more sustainable Foreign Direct Investment (FDI) into the country and the African continent. According to the 2023…
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Work towards receiving second tranche of IMF fund – Prof Gatsi urges govt
As government remains optimistic to receive the disbursement of the second tranche of the $600 million when the International Monetary Fund Staff (IMF) visits Ghana in September 2023, financial analysts have emphasized the need for government to work to meet its structural benchmarks. Government is still in the process of completing the domestic debt restructuring.…
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Govt misses T-bills target by 12.91 percent as interest rates surge
The Government of Ghana’s Treasury Bill (T-bill) offer across 91-day to 364-day bills target of GHS 3.96 billion fell short of about 12.91 percent at last week’s auction. The offer attracted total bids estimated at GHS3.45 billion, with the treasury securing approximately 87 percent of the bids valued at GHS3.96 billion. According to the results…
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BOST net profit increases by 112% in 2022, currently at GH₵342m
The net profit margin of the Bulk Oil Storage and Transportation Limited Company (BOST) has increased from GH₵161 million in 2021 to GH₵342 million in 2022. This was disclosed by the board chairman of BOST, Mr Ekow Hackman, during the institution’s 2nd annual general meeting held at their office in Accra on Thursday, August 17,…