Author: Nerteley Nettey
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Building trust is key to attracting the right investment – Togbe Afede XIV
President of the National House of Chiefs and Founder of SAS Finance Group Ltd, Togbe Afede XIV, has stated that one key ingredient a country or entrepreneurs need to attract the right kind of investment and development is trust. According to him, when it comes to the growth of businesses, nothing could be more important…
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MOMAG calls for provision of enhanced security for its members
The Mobile Money Advocacy Group Ghana has called on government to support them financially and also provide enhanced security for its members. According to them, the time is ripe for government to acknowledge the importance of mobile money agents as the recent increase of attacks on its members is having a toll on them. Speaking…
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ADB receives ISO:27001 certification
The Agricultural Development Bank (ADB) has earned the International Organization for Standardization (ISO) 27001; 2013 Certification following a rigorous process by PECB Group based in Canada. The Managing Director of the Bank, Dr. John Kofi Mensah, in a statement copied to Citi Business News said the certification process started last year and was successfully completed…
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Government seeks parliamentary approval to issue $5 billion sovereign bond
The Minister of Finance is seeking parliament’s approval to continue to raise funds from the international capital market to fund the 2021 budget and liability management. According to him, the funds will comprise the issuance of sovereign bonds of $3 billion with the option to increase it to U$5 billion should market conditions prove favourable.…
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HIPC is behind us, there’s no turning back – Ofori-Atta
The Minister for Finance, Ken Ofori-Atta says Ghana is making economic progress and “there is no turning back” to the days of HIPC. The Minister said the decision of the President John Kufuor administration to sign Ghana unto the HIPC initiative was due to the poor economic situation inherited from the previous National Democratic Congress…
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Finance Minister requests GHS27.4 billion for 2021 1st quarter expenditure
The Minister of Finance, Ken Ofori-Atta, has requested for GHS27. 4 billion for the running of the country for the first three months of 2021. He made the request in Parliament today, October 28, 2020. The Finance Minister asked Parliament to approve “by resolution, the withdrawal of the sum of twenty-seven billion, four hundred and…
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Stanbic Board appoints Kwamina Asomaning as Chief Executive as Alhassan Andani retires
After 14 years of steering the affairs of Stanbic Bank Ghana Limited, Chief Executive (CE) Alhassan Andani will retire on November 30, 2020. The Board of Directors, with the approval of the Central Bank, has selected Kwamina Asomaning, currently the Executive Director of Corporate and Investment Banking, as the new Chief Executive. Kwamina Asomaning, Kwamina…
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IMF refutes ‘deceptive’ HIPC reports about Ghana
The International Monetary Fund (IMF) has refuted claims that Ghana has again been added to the list of Heavily Indebted Poor Countries (HIPC). “The HIPC Initiative is essentially closed for countries that have already reached the Completion Point. As you may recall, Ghana successfully reached the Completion Point in July 2004,” a statement from the…
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Road contractors give government 14-day ultimatum to pay arrears
The Ghana Chamber of Construction Industry has given the government a 14-day ultimatum to pay all outstanding debt owed its members. The road contractors have threatened to demonstrate should their warning fall on deaf ears. According to the Chamber, the government’s inability to pay them their due has led to the loss of jobs and…
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Ghana not back to HIPC; ignore contrary reports – Oppong Nkrumah
The government has rejected claims that the country has been declared as a Highly Indebted Poor Country (HIPC). There have been some media reports this week suggesting Ghana has been declared a HIPC country. But speaking at the Nation Building Updates on Tuesday, October 27, 2020, Information Minister, Kojo Oppong Nkrumah, said the reports are…