Tag: Ghana Business News
-
Create escrow account to repay dollar denominated bond- Govt told
Government has been cautioned not to develop insatiable taste for issuing dollar denominated bond after Ghana’s first local dollar denominated bond was oversubscribed yesterday. Government yesterday raised a total of 94.62 million dollars at a rate of 6.0 percent with a maturity term of two years. Total bids were 99.6 million dollars but government accepted…
-
DKM customers dissatisfied with second list of validated creditors
Customers of DKM Microfinance Company are still dissatisfied with the second list of validated creditors published by the Official Liquidator of the company, the Registrar General’s Department. The Registrar General’s Department this week published names of some 6,035 validated creditors in addition to the 998 names published earlier. Over 70,000 customers of DKM are awaiting…
-
Govt raises $94.62m from first local dollar denominated bond
Government has raised a total of 94.62 million dollars in its first local dollar denominated bond at a rate of 6.0 percent. Total bids were 99.6 million dollars but government accepted 94.62 million dollars, above its original target of 50 million dollars. By this, the cost of the bond is lower compared to government’s last…
-
Former AGI boss bemoans obsolete Companies’ Code
A former president of the Association of Ghana Industries [AGI], Dr. Prince Kofi Kludjeson, has made a strong case for a revision of the country’s Companies Code. In his view, the current legislation is obsolete and does not meet modern demands of businesses. Dr. Kludjeson further bemoaned the inadequacies of laws which protect industries as some…
-
Reduce phone prices to reflect tariff reduction- Telecoms Chamber
The Ghana Chamber of Telecommunications has charged phone importers and assembling companies in Ghana to ensure that the reduction on the import duties of phones reflect in their market prices. After a lot of agitation from stakeholders, Finance Minister, Seth Terkper announced in the 2015 Budget that government has reduced tariff on imported handsets from…
-
Galamsey not affecting sugarcane supply to Komenda Sugar Factory
The Corporate Affairs Director at the Komenda Sugar Factory Ransford Vani-Amoah has revealed that activities of illegal miners will not affect the supply of raw materials for the Komenda Sugar factory. According to him, the factory has enough supply of sugarcane from different sources apart from the immediate environs of the factory which has been…
-
![Trade Minister launches Made In Ghana campaign[photos]](https://citibusinessnews.com/wp-content/uploads/2016/10/1-2.jpg)
Trade Minister launches Made In Ghana campaign[photos]
The Minister for Trade and Industry, Dr Ekwow Spio Garbrah has tasked the youth to learn other trades to buttress their educational background. This he says will render them more productive as well as earn them income on the side should they not find job opportunities immediately after school. The minister who was speaking at…
-
Galamsey’s impact on Komenda Sugar Factory untenable – MP
The Member of Parliament(MP) for Komenda Edina Eguafo Abirem (KEEA), Dr. Ato Arthur, has shot down assertions that galamsey activities should be blamed for challenges at the Komenda Sugar factory. It follows comments by Trade and Industry Minister, Dr. Ekwow Spio Garbrah that the illegal mining activities have affected sugarcane cultivation and subsequent supplies to…
-
The debtor must live to pay his debt- Petroleum Minister tells WAPCo
The Minister of Petroleum, Emmanuel Armah-Kofi Buah has lashed out at the West African Gas Pipeline Company (WAPCo) for disconnecting gas supply to Ghana over the country’s debt to the company. According to him, the company’s decision is not economically viable since the Volta River Authority (VRA) will need the gas to operate before it…
-
We’ll take drastic action against Ghana- WAPCo warns
The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of Ghana if it fails to pay debt owed the company by close of year 2016. According to the company, government’s outstanding balance of 162 million dollars of which 98 million dollars is owed to WAPCo, and…