Category: Local Economy

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Government has commenced payments of outstanding coupons to individual bondholders who failed to participate in the Domestic Debt Exchange programme. In a statement, the coalition of Individual Bondholders confirmed the payments of matured coupons to its members but called on the Ministry of Finance to review its communication management and reposition it for proactive engagement…

Inflation drops marginally to 52.8% in February 2023

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Inflation fell for the second month in 2023 to 52.8% after a 19-month surge. This means that in the month of February 2023, the general price level was 52.8% higher than in February 2022, representing a 0.8 percentage point lower rate of inflation compared to January 2023. This was captured in the data released by…

Gold for Oil policy will save Ghana $4.8bn annually – Veep

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in Local Economy, Oil And Gas, Top Stories

Vice President Dr Mahamudu Bawumia has stated that the country will save $4.8 billion annually from the ‘Gold for Oil’ policy. According to him, this is the most important aspect of the policy which is aimed stabilising prices of fuel products, as well as reduce pressure on Ghana’s foreign exchange. Speaking at the commissioning of…

Gold for oil policy to further reduce fuel prices in coming days – Bawumia

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Vice President Dr. Mahamudu Bawumia has announced that consumers of petroleum products should expect a further decrease in the prices of fuel at the pumps as a result of the implementation of government’s Gold for Oil Policy. Already, the national average price for petrol and diesel currently stands at GH¢13.53 and GH¢13.69 respectively. Dr. Mahamudu…

Expect your matured coupons within 48hrs – Govt tells bondholders

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Government says processes for paying matured coupons on outstanding bonds commenced on Monday, March 13, 2023, and urged bondholders to expect such payments to hit their accounts within the next 48 hours. This was captured in a statement issued by the Ministry of Finance on Tuesday, March 14. “Government is pleased to announce that processes…

BoG honoured at National Honours and Awards 2023

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in Local Economy, News

The Bank of Ghana has been recognized by His Excellency, the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo for the distinguished roles it played during the fight to contain the Covid-19 Pandemic. Specifically, the Bank had to immediately trigger its emergency support clause under Section 30 of the Bank of Ghana Act,…

Govt gradually destroying financial market – Senyo Hosi

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The Convener of the Individual Bondholders Forum, Senyo Hosi, has slammed the Finance Ministry, the Ghana Stock Exchange (GSE) and the Securities and Exchange Commission (SEC) over their woeful handling of the financial market. Speaking on the Citi Prime News on Tuesday, March 14, Mr Hosi said the failure of the Finance Ministry to honour…

Pensioner bondholders lament govt’s failure to pay matured coupons

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