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1-10 results from 1000 for query «debt»

May 4, 2018 1:07 PM ESLA pays GHc500m interest to investors

Managers of the ESLA bond, have paid an estimated 228 million cedis as first gross interest payments to investors who bought into the 7 year bond of the six billion cedis energy sector bond. The bond, which formed part of the first tranche of the issuance, attracted an interest rate of 19 percent. A statement from ESLA and copied to Citi Business News said, “Managers 1167

March 25, 2018 7:07 PM Ghana’s debt hits GH¢142.5bn, reaches 69.8% of GDP

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 69.8 percent of GDP. This means that the debt stock has almost hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned 164

March 25, 2018 5:15 PM Ghana’s debt now GH¢142bn; reaches dreaded 70% to GDP

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 70 percent of GDP. This means that the debt stock has hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned against 140

March 23, 2018 10:49 AM GJA presents citation to NIB boss

The Ghana Journalists Association has presented a citation to the Managing Director of the National Investment Bank (NIB), Dr. John Asamoah for supporting the 2018 Ghana Journalists (GJA) Awards and the journalism profession. Presenting the citation to him, the president of the GJA, Mr. Affail Monney praised the MD for showing keen interest in the development 151

March 14, 2018 1:35 PM We inherited a debt of GHc51m – Sports Minister

Mr. Isaac Kwame Asiamah, the Minister of Youth and Sports, has described as “disturbing”, a 51 million cedis debt inherited from the previous administration. The Minister, who disclosed this at a meet the press series in Accra on Tuesday, said the amount includes what departments and agencies under the ministry owed, adding that his administration has started 128

March 14, 2018 11:32 AM Supreme Court throws out $60m judgment debt case against NIB

The Supreme has dismissed a review application seeking to overturn its own decision that quashed a $60 million judgment debt that the National Investment Bank (NIB), was to pay to Dominion Corporate Trustees Limited on the orders of an Accra High Court in 2013. According to the panel of seven justices of the Supreme Court, the the review suit filed by Dominion 135

February 28, 2018 5:07 PM Facebook news feed changes ‘decimated’ publisher

Lifestyle site Little Things says it has had to close after changes to Facebook’s news feed algorithms “decimated” its business. The closure of the female-focused publishing business will result in the loss of 100 jobs. The company focused on a mix of “feel-good news” and videos. Since launching in 2014, it attracted 12 million followers on Facebook 117

February 21, 2018 2:41 PM Minority MPs want Ofori Atta summoned over Ghana’s debt stock

Some minority Members of Parliament want the Finance Minister, Ken Ofori-Atta summoned to provide the true state of the country’s debt stock. According to NDC MP for Ho Central, Benjamin Kpodo, failure to capture debts such as the ones incurred from the collapse of Capital and UT Banks, indicate that government has not accurately reported to the people 94

February 17, 2018 7:34 AM President Ramaphosa pledges ‘new dawn’ for South Africa

New South African President Cyril Ramaphosa has spoken of a “new dawn” in his first State of the Nation address. Mr Ramaphosa, who was sworn in on Thursday, promised to “turn the tide of corruption”. He also spoke of accelerating land redistribution and outlined plans to boost the economy and create jobs. His predecessor, Jacob Zuma, stepped down on Wednesday 73

February 15, 2018 5:59 PM Declining inflation to trigger lower policy rate (Article)

Headline inflation surprised when it fell sharply in January to 10.3%; year on year from 11.8% in December. This was well below our expectations for a marginal increase to 11.9%, largely owing to base effects. The deceleration in inflation will have been positively received by the Bank of Ghana’s MPC, which was concerned about underlying inflationary 74