Tuesday, January 31, 2023

A/R: Kejetia traders protest over ‘single meter’ for 7000 shops

Traders in Kumasi Kejetia in the Ashanti region are protesting against management of the Kumasi City Market limited over meters for the shops within the market. The traders are protesting against exorbitant monthly electricity bills. A...

Dr. Kofi Amoa-Abban, HRH Emir of Kano, Ogun State Gov., others bag Forbes award

Chairman and CEO of Rigworld International Services Limited, Dr. Kofi Amoah-Abban, Ogun State Governor Dapo Abiodun; Emir of Kano, His Royal Highness, Alhaji Aminu Ado Bayero, Chairman, National Drug Law Enforcement Agency (NDLEA), Brig-...
Cocobod CEO Joseph Boahene Aidoo signing the deal

COCOBOD defaults on mature Cocoa Bills without investors’ approval

Investors in the country have had yet another hit on their portfolios as COCOBOD on Thursday defaulted on the payment of matured Cocoa Bills as expected. The 182-day cocoa bill, originally issued on 21st...

GIPC to host Africa’s First Annual Assembly of Investment Promotion Agencies

The Ghana Investment Promotion Centre (GIPC) is set to host the First Annual Assembly of African Investment Promotion Agencies on 25th January 2023 at the Kempinski Hotel Gold Coast City in Accra. The maiden summit...

Ghana’s economy to weaken further in 2023

We at Fitch Solutions forecast real GDP growth in Ghana to slow to 2.9% in 2023, from an estimated 3.3% in 2022. Data released by Ghana Statistical Service shows that real GDP growth weakened significantly...

Individual Bondholders, Gov’t meet over petition to be excluded from Debt Exchange  

The aggrieved Individual Bondholders have asked for total withdrawal from the government’s Debt Exchange Program (DEP) ahead of a meeting today to discuss their petition to be excluded from the debt exchange programme. According to...

NCA approves sale of Vodafone Ghana to Telecel Group

The National Communications Authority (NCA) has granted approval for the transfer of the 70% majority shares in Vodafone Ghana held by Vodafone International Holdings B.V. to Telecel Group. A statement issued by the NCA on...

IMF deal won’t work without citizen’s support – Lord Mensah

Associate Professor of Finance at the University of Ghana (UG), Professor Lord Mensah has advised the government to get the buy in of individual bondholders for the International Monetary Fund (IMF) bailout. Speaking on GHOne...
Ken Ofori Atta - Minister of Finance

Debt exchange program extended for the third time to January 31

Government's controversial debt exchange programme has been extended further for the third time after heightening agitations by stakeholders. The Finance Ministry disclosed that the extension is to make way for stakeholder engagement. "Pending further stakeholder engagement...

Debt Exchange: Minority demands immediate suspension, wider consultation

The minority in parliament is demanding immediate suspension of the ongoing domestic debt exchange program. Government’s invitation to the Debt Exchange Programme (DEP) expires today, Monday, January 16, 2023, at 4:00 p.m. This comes after...