Category: Government
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Cedi struggles: We need to focus on structural problems – Nana Addo
President Nana Akufo-Addo has called for broadening of the discussions on the struggling cedi which he previously said has left him “extremely upset and anxious”. Speaking at a meeting with the leadership of the Ghana Bar Association, President Akufo-Addo said the focus should be turned to the structural problems of the economy. “Our public discourse should also…
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Gov’t raises 3 billion dollars Eurobond
Government has issued 3 billion dollars Eurobond which will mature over three periods of time. The three tranches come at a maturity period of seven years with 7.875 percent coupon rate, 12 years with 8.125 percent coupon rate, and 31 years with 8.95 percent coupon rate. The bond which was the highest ever for an African…
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Women farmers urged to explore other sources of income
Nana Adwoa Dokua, a Member of the Board of Directors of Ghana Cocoa Board (COCOBOD) who also doubles as the Ambassador for the Women in Cocoa and Chocolate Network (WINCC) has called on women in cocoa farming to develop their skills to earn additional income from the production of cocoa. The women were entreated to…
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3 billion dollars Eurobond could attract high coupon rate—Prof. Bopkin
Ghana could attract a high coupon rate on its 3 billion dollars Eurobond yet to be issued later this month, that is a verdict from economist, Professor Godfred Bokpin. Professor Bokpin is of the view that recent activities in the banking sector, coupled with other factors could lead to the coupon rate going up. A…
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MTN Ghana launches 4G+ service to provide faster data speed
MTN, Ghana’s leading telecommunications service provider, has launched its 4G+ service to provide faster data speeds with widest coverage for its customers. The 4G+ service runs on 4G LTE Advanced technology using the combination of the 800MHz and 2600MHz for carrier aggregation which is an enhancement on the 4G LTE experience. This provides more capacity…
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Planned IMF exit causing investors to hold back funds as cedi suffers
Economist and consultant Dr. John Kwakye has stated that Ghana’s planned exit from the International Monetary Fund (IMF) programme next month has created uncertainties among some investors, contributing to the fall of the cedi against the dollar. According to him, some investors who are willing to bring their funds into the country are unsure of…
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Govt delegation led by Finance Minister begins Eurobond roadshow
A government delegation comprising a team from the Ministry of Finance and officials from the Bank of Ghana (BoG) will today begin a Eurobond road show. Government is planning to raise three billion dollars through the bond to cater for infrastructure development in the 2019 budget as well as retire some maturing debt. The Minister…
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GRA misses Tax Amnesty Policy target of GHS500 million
The Ghana Revenue Authority (GRA) missed its 2018 Tax Amnesty Policy target of GHS500 million. The GRA was able to recoup GHS287 million cedis from the Policy which ended in September 2018. The Authority projected to recoup between GHS300 million and GHS00 million from the policy it introduced to encourage the taxable citizens who had not…
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Cedi depreciation must be halted to save industries–AGI
The Association of the Ghana Industries(AGI) has urged government to put in measures that will stabilize the cedi against the dollar. This follows a recent announcement by the Finance Minister, Ken Ofori-Atta, that the free fall of the cedi against the dollar, will be curtailed in the coming weeks. The cedi has depreciated against the…
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We’ll look into reasons for recent blackouts – PURC
The Executive Secretary of the Public Utilities Regulatory Commission (PURC), Mami Dufie Ofori, has said the commission will look into the reasons given by the Power Distribution Services Limited (PDS) for the recent power outages. PDS has faced increased scrutiny following the near-total grid shutdowns. he blackouts have been attributed to ongoing construction of the road interchange at Pokuase,…