Author: Nii Larte Lartey
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Cedi to appreciate further after IMF Board approval – Courage Boti
Analysts are still anticipating further gains of the cedi should Ghana secure board approval from the International Monetary Fund (IMF), as expected. There have been strong predictions that Ghana’s currency will see more strengthening on the forex market as the country prepares for the first loan tranche of US$600m from the IMF in the next…
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Pensioner Bondholders Forum yet to receive payment of matured coupons
Despite reaching an agreement with the government, members of the Pensioner Bondholders Forum are yet to receive payment for their matured coupons. The bondholders were looking forward to their funds on Monday, May 15, following the suspension of their picketing at the Ministry of Finance after five days. However, checks with the group suggest that…
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Be fiscally responsible after IMF Board approval – Economist cautions govt
Economist, Dr. Patrick Asuming, is advising government to be more pragmatic in its fiscal policy direction post-bailout from the International Monetary Fund (IMF). His caution is on the back of financial assurances from the country’s external creditors and the anticipated International Monetary Fund board approval for Ghana. Speaking to Citi Business News, Dr. Patrick Asuming…
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Transport fares to go down by 10 percent from May 17
Users of public transport will enjoy a 10 percent reduction in fares by 10% effective Wednesday, May 17, 2023. This follows consistent marginal reductions in the price of fuel. The road transport operators in a statement on Monday night said the reduction affects shared taxis, intra-city (trotro), intercity (long distance) and haulage. “In line with…
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Mahama to restore licences of unjustly collapsed banks
Former President John Dramani Mahama has stated that the next National Democratic Congress (NDC) administration will restore the licences of banks whose authorizations were “unjustly” revoked as part of the government’s financial sector reforms. This, he claims, is one of the rafts of measures aimed at revitalizing the banking industry and boosting financial confidence. “”We…
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IMF deal: Ghana will return to international capital market soon – Govt
The government is optimistic that Ghana will be able to return to the international capital market as soon as possible. Ghana is on the verge of securing a US$ 3 billion IMF bailout to help with the country’s balance of payment problems, with the first tranche of US$600m expected to be authorized by Wednesday and…