Category: Top Stories
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Ghana to host 2023 West African Monetary Zone mid-year statutory meetings
The Government of Ghana under the auspices of the Ministry of Finance and the Bank of Ghana, is set to host the 2023 Mid-Year Statutory meetings of the West African Monetary Zone (WAMZ) from 5th to 15th September 2023. The event, held in coordination with the West African Monetary Agency (WAMA), the West Africa Institute…
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Kejetia traders threaten to stage demo over lack of individual meters
Traders at the Kejetia market have expressed their displeasure with the management of the facility over what they describe as their lackadaisical attitude in resolving individual metering issues at the market. The traders have for years been calling for the provision of separate meters, but they say the management has been indecisive and slow to…
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IMF bailout, DDEP to blame for stalled interchanges – Roads Ministry
The Head of Public Relations at the Ministry of Roads and Highways, Nasir Ahmed Yartey, has indicated that the stalled road interchanges across the country are a result of the country’s International Monetary Fund (IMF) deal and the Domestic Debt Exchange Programme (DDEP). Some key interchanges across the country that yet to be completed include…
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Attorney General assures Menzgold customers of Justice
The Attorney General, Godfred Yeboah Dame, has assured customers of the defunct gold trading company, Menzgold Ghana Limited, of justice. This follows the filing of a new charge sheet at the High Court, where the CEO of Menzgold, Nana Appiah Mensah, has been charged with 39 counts of defrauding by false pretense, engaging in gold…
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Treasury bill auction surges; records 15 percent oversubscription
The government surpassed its auction target for last week as market continued to experience sufficient liquidity. Treasury bill sales recorded 15.10 percent oversubscription of its target of GHS 3,064 million. According to figures from the Bank of Ghana, a chunk of the bids came in from the 91 Day Bill. A total of GHS 2,…
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Locked up funds in other institutions affecting operations of micro finance, credit unions
The Swedru Teachers Co-Operative Credit Union is urging government to put up mechanisms to ensure that locked up funds in other financial institutions regulated by the securities and exchange commission are released. According to him some micro finance institutions and credit unions have their funds locked up in these financial institutions thus crippling their very…
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Africa, Canada trade hits $15 billion in 2022
Trade volumes between Africa and Canada increased by a little over 15 billion dollars in 2022 which is a significant improvement compared to pre –pandemic figures. This, according to the Canadian High Commissioner to Ghana, Her Excellency Martine Moreau is a testament to the resilient trade relations that exit between Africa and Ghana. “Last year…
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AfDB launches $1b Youth Adapt initiative to support small businesses
The African Development Bank has announced a $1 billion Youth Adapt initiative to provide seed financing to promote businesses of young people in Africa. In collaboration with the Global Centre on Adaptation, the bank rolled out the Youth Adapt policy with an investment of $4 million into 33 businesses of young people in 19 African…
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GAWU criticises phase two of govt’s Planting for Food & Jobs
The General Agriculture Workers Union (GAWU) has criticized government’s second phase of the Planting for Food and Jobs (PFJ) programme which seeks to provide jobs to more than 1.2 million farmers. This follows the launch of the second phase of the programme on Monday which also announced an annual average of 210,000 new farm-related jobs…
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Government achieves 95% participation rate in second round of DDEP
Government has achieved a 95% participation rate across its three latest debt exchange programmes. The Finance Ministry revealed that in the first program, which focused on pension funds, nearly 95% of eligible bondholders identified by the Central Securities Depository participated. Pension funds agreed to exchange GHS 29 billion out of the existing GHS 31 billion…