Category: News
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Chamber of Mines hopeful of gold price increase next year
The Ghana Chamber of Mines is expecting production to peak in the mining industry next year following plans by some major companies to commence massive productions. The chamber is expecting Newmont Gold Mine and Anglogold Ashanti to start different developments on their concessions. Speaking to Citi Business News on the issue, the Chief Executive Officer…
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We’ve resources to implement 2019 budget— Ofori-Atta
The Finance Minister, Ken Ofori-Atta has given a strong assurance that government is well prepared to pool together the needed resources to fund the projects outlined in the 2019 budget. The comment was in reaction to concerns raised by some stakeholders about how government was going to raise money to finance its budget deficit as…
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Gov’t to create conducive environment for private sector—Ahomka Lindsay
Government has reiterated its commitment towards providing the necessary environment for the private sector to thrive. The business community is yet to respond to the 2019 budget as a section including the Association of Ghana Industries and the Beverage Producers Association were pushing for a review of the new VAT regime. But speaking at the…
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BoG not taking over Ideal Finance, disregard false stories – Management
Ideal Finance has asked the public to disregard a publication online which indicated that the Bank of Ghana was about to take over the finance house due to liquidity challenges. The publication by www.mynewsgh.com, said the Finance Minister, Ken Ofori-Atta, in an interview on Accra-based Peace FM, had suggested that the Central Bank was set to…
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Gov’t commits GHS1bn to affordable housing projects
Government has committed one billion cedis to help provide mortgage houses for Ghanaians. This will be done by setting up a fund with 100 million cedis seed fund which will be increased every year. The move government says will also support the private sector in accessing affordable loans to provide houses for Ghanaians. “Government had…
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Exim Bank unveils 3-year strategic plan to create 100,000 jobs
The Ghana Export-Import (GEXIM) Bank, government’s principal export Finance institution in the country, has unveiled its 3-year strategic plan aimed at revamping the private sector. The plan is an inclusive approach for the creation of 100,000 sustainable jobs and improvement of livelihoods, particularly women in the informal sector, as well as strengthening high potential value-chains…
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UK shares remain fragile amid Brexit turmoil
The UK stock market has slipped lower amid the political fall-out from Theresa May’s Brexit plan. The FTSE 100 share index ended 0.3% lower at 7,013.88, with shares in UK-focused stocks such as banks and housebuilders continuing to slide. However, the pound – which suffered its biggest fall for two years on Thursday – has…
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FIDO trains Kaneshie market women in Financial & Digital Literacy
FIDO Money Lending Limited (FIDO), an innovative financial technology company that provides convenient mobile credit services to underbanked individuals, has organized a two-days Financial & Digital Literacy workshop for market women in Kaneshie, Accra. (add a Picture) Through an engaging mobile e-learning platform, the beneficiaries of the programme were enlightened on basic financial literacy concepts…
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$50bn long-term bond a more prudent approach – Adu Boahene
A Deputy Minister for Finance, Charles Adu Boahene, has defended government’s decision to issue a $50 billion long-term bond, saying it is the best strategy government can adopt to meet the country’s infrastructural needs in the long-term. He argues that the bond will provide government a lot of fiscal space to meet the infrastructural plans…
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Ghana High Commissioner to UK lauds GCB
The Ghana High Commissioner to the UK, Papa Owusu Ankomah, has lauded the Managing Director, Mr. Anselm Ray Sowah and Management of GCB Bank Limited for sponsoring and participating in the October 2018 Ghana Investment and Opportunities Summit held in London. He said, the Bank’s participation and presentation as well as interaction with the business…