Category: Featured
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Ofori-Atta hopeful IMF will disburse second tranche of Ghana’s US$ 3 billion bailout
Government is upbeat about Ghana’s receipt of the second tranche of the US$ 3billion bailout from the International Monetary Fund (IMF). Finance Minister, Ken Ofori-Atta believes, Ghana will meet the criteria for the disbursement of the next US$600. This comes after the recent assessment by the Fund’s visiting staff. Government expects the second tranche in…
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Over 420 suspected loan app operators arrested
Over 420 suspects engaged in loan app operations have been arrested. The Cyber Security Authority, in partnership with the Bank of Ghana and the Economic and Organized Crime Office (EOCO), launched a swoop as part of a combined Cyber security committee operation, which resulted in the arrest of the suspects. The joint operation involved a…
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Picketing by Individual Bondholders Forum suspended
Members of the Coalition of Individual Bondholders Groups have suspended their planned picketing at the premises of the Finance Ministry, to demand payments of their outstanding principals and coupons. This comes after government’s payment of all outstanding matured coupons and principals owed the group. The group, made up of the Ghana Individual Bondholders Forum and…
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Govt honours obligations; pays matured coupons of individual bondholders
The Government has confirmed the settlement of all outstanding arrears owed to members of the Individual Bondholders’ Forum. A statement issued by the Finance Ministry on Monday explained that all coupons and principals due up to June 19 have been paid, and instructions for the payment of coupons up until July 10, 2023, have been…
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Challenges that warranted unplanned gas cut resolved – Ghana Gas
The Ghana National Gas Limited Company says issues that warranted an unplanned reduction in natural gas supply to the power generation companies have been resolved. There was widespread power outage in several parts of the country on Friday, July 7. The Ghana Grid Company Ltd (GRIDCO) blamed the outage on a shortage of gas supply…
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Second phase of PFJ initiative must check over-reliance on cereal importation – Poultry farmers urge govt
The Poultry Farmers Association of Ghana is impressing on government to as a matter of urgency use the phase two of the planting for food and jobs initiative reduce the instances of cereal importation by its members to feed their birds. This comes on the back of an earlier announcement by government to prioritize the…
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Apparel manufacturers call for increased investments to boost industry
The Ghana Apparel Manufacturers Association is asking government to prioritize investment in the industry to make the country the preferred apparel manufacturing hub. The group which is largest apparel-based business advocacy organization in Ghana says given the right support, it will be able to produce t-shirts on large scale to support other sectors including players…
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Bank of Ghana to auction US$120 million to BDCs in 2023 third quarter
The Bank of Ghana will in the third quarter of 2023 sell $120 million to Bulk Oil Distribution Companies (BDCs) under the FX Forward Auction Calendar for the same period. the calendar, $40 million each would be auctioned in July, August and September. Further breakdown suggests that $20 million each will be sold on July…
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ISSER calls for reclassification of Ghana’s affordable housing initiatives
The Institute of Statistical Social and Economic Research (ISSER) is urging for a reclassification of Ghana’s affordable housing initiatives to address the ongoing challenges faced by a significant portion of the population, particularly the average Ghanaian worker, in affording suitable properties. The Ministry of Works and Housing reported a housing deficit of approximately 2 million…
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Bagbin urges Ofori-Atta to present mid-year budget review before July 27
The Speaker of Parliament, Alban Bagbin wants the Finance Minister, Ken Ofori-Atta to consider presenting the Mid-year budget review before July 27, 2023, as the House intends to adjourn sine die on August 3, 2023. The Majority Leader, Osei Kyei-Mensah-Bonsu had earlier announced that the mid-year budget presentation was scheduled for July 27 with the…