Tag: Databank
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Gov’t must stick to commitment on debt management this election year—Economist
A Senior Economist with investment firm, Databank, Courage Martey, has urged government to be cautious of its expenditure this election year. He maintains that even though the Finance Ministry has shown the commitment not to overspend, there is the need to remind the government to stick to its plan debt management strategy. Since the year…
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Swift payment of locked up funds critical to boost confidence in investment firms – Databank CEO
The Group CEO of Databank, Kojo Addae Mensah, wants government to expedite payments to customers of collapsed micro finance companies, Savings and loans and finance houses to facilitate onward payments to customers who have had their investments locked up in some fund management companies. The Receiver for the collapsed microfinance companies is currently paying a…
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Analyst describes coupon rate of maiden 20-year bond as fairly priced
Economic Analyst with DataBank, Courage Boti has described the coupon rate for government’s 20-year fixed bonds as fairly priced. He explains that the current market conditions influenced the rates which ranged between 19.85 percent and 20.2 percent for the 162 million cedis bonds. “I think it is a fairly priced instrument. Largely when you are…
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Control expenditure to achieve budget deficit target – Databank CEO tells gov’t
Group Chief Executive Officer at Databank Kojo Addae-Mensah says government’s ability to hold its overall budget deficit to a maximum of 4.5 percent, will depend on a number of factors especially on how the government is able to control its expenditure levels. The Institute for Fiscal Studies (IFS) has already warned that government may record…
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Ghanaians cautioned against delaying saving for old age – Databank CEO
Group Chief Executive Officer at Databank Kojo Addae-Mensah has cautioned Ghanaians on the dangers of delaying saving for retirement, saying such delays is the reason why some people invest in risky investment schemes that promise high returns. According to him, the caution is warranted following insights gathered by Databank about the poor attitude to retirement…