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January 11, 2018 8:46 AM Govt to raise 11 billion cedis in Q1 of 2018

Government is seeking to raise GHȼ11,133.91 million in the first quarter of 2018 through debt securities. Of the amount GH¢8,961.30 million will be used to rollover maturities. The remaining GH¢2,164.61 million will be used to meet Government’s financing requirements for the period. A statement issued by the Debt Management Office of the Ministry of Finance 21

December 12, 2017 11:57 AM Unibank moves to add over GHS700m to its capital

One of Ghana’s most stable indigenous banks, Unibank, is to obtain a colossal amount of over GHS700 million. The amount, which will significantly shore up the bank’s capital when the Central Bank approves the recapitalisation programme it is embarking on, will peg the bank’s assets at almost a billion cedis. The over GHS700 million is coming from a local 30

November 27, 2017 1:28 PM Italian PM to visit Ghana today, French President Thursday

French President, Emmanuel Macron, will be in Ghana on Thursday, November 30, for a day’s visit. Macron’s visit forms part of his tour of Africa since becoming President earlier in 2017. Prior to that, Italian Prime Minister, Paolo Gentiloni, is also expected to be in Ghana today, Monday, November 27, for a day’s visit. Macron’s Africa tour which begins 37

November 2, 2017 11:11 AM GRA Launches National Tax Campaign

The Ghana Revenue Authority (GRA) has launched a comprehensive national tax campaign to encourage more Ghanaians to honour their tax obligations to enable the government to realise its domestic revenue targets, increase social intervention policies and accelerate development across the country. The aggressive campaign, which will include stakeholder 35

November 2, 2017 7:43 AM Banks Record Significant Profit Margins

The sterling performance of some banks per their unaudited third-quarter financial statements is indicative of efforts towards meeting the new capital requirement from the Bank of Ghana (BoG). The banks have adequate reserves, income surplus among others, enough to secure them firmly against unexpected contingencies. HFC Bank, which will soon rebrand 30

November 2, 2017 6:05 AM Ghc80m saved from NDC’s Ghc500m fertilizer contract – COCOBOD

The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, has revealed that the new administration has saved the country some Ghc80 million, following the review of a fertilizer and chemical supplies contract of over GHC500 million, awarded by the John Mahama administration shortly before they left office, after losing the 2016 election 29

November 1, 2017 3:46 AM Our Farmers Indeed Deserve More!

President Nana Addo Dankwa Akufo-Addo has reiterated his commitment to ensure that our hard-working farmers reap greater benefits from their toils. Supporting his commitment to better the lives of Ghanaian farmers, the President noted that statistics indicate that Ghana and Cote d’ Ivoire contribute to about 60% of the world’s cocoa output. Sadly and in the light 16

October 31, 2017 3:24 PM Nigeria's Access Bank eschews M&A in Ghana growth strategy

LAGOS (Reuters) - Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital required for banks threefold 22

October 31, 2017 8:50 AM COCOA FARMERS MUST EARN MORE FROM THEIR TOIL

President Nana Addo Dankwa Akufo-Addo has reiterated the commitment of his government towards ensuring that the country’s farmers reap much greater value from their toil. According to the President, startling statistics have revealed that, with Ghana and Cote d’Ivoire accounting for more than 60% of the world’s cocoa output, the two countries, together 18

October 27, 2017 8:55 PM UPDATE 1-Ghana's ESLA to pay 19.0 pct yield on 7-yr tranche of energy bond

ACCRA, Oct 27 (Reuters) - Ghana’s ESLA will pay a yield of 19.0 percent on an oversubscribed 2.4 billion cedi ($548 mln) seven-year tranche of a government-backed energy bond issued on Friday to repay debts owed by power utilities, arrangers said. ESLA, which was set up by the government to raise bonds to clear the debts, has extended the final pricing 6