Business & Money

Matured bills & bonds reach GHC145bn in 2016

Total bills and bonds auctioned this year, from January to October, by the government, Bank of Ghana, and COCOBOD including already issued longer-term bonds that matured this year, have hit GH¢145 billion, data from the Central Securities Depository has shown. The successful issue of over GH¢145 billion debt securities “may be partly attributed to the attractive interest rates being offered ...

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Mining injects GHC1.35bn to economy

Chief Executive Officer (CEO) of the Ghana Chamber of Mines, Mr. Sulemanu Koney, has hinted that the mining sector is a leading tax payer and contributor to the Ghana Revenue Authority’s (GRA’s) domestic collections in recent years. He disclosed that the sector alone contributed about GH?1.35 billion to GRA, representing 14.8% of GRA’s total direct taxes in 2015. He said ...

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President, Groupe Ideal adjudged Most Outstanding Finance /SME Entrepreneur in West Africa.

The President of Groupe Ideal, Dr Nii Kotei Dzani, has been adjudged the Most Outstanding Finance /SME Entrepreneur in West Africa at the 13th Security Watch Africa Awards which took place in South Africa. The decision to confer the prestigious award on Dr Dzani was taken after an extensive assessment of his personal and certified commitment to financial security, entrepreneurship, ...

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Final DKM creditors’ list comes out Tuesday – Official Liquidator

The long awaited list of validated DKM customers who have not received any payment of their locked up cash is to be released tomorrow, 6th December, 2016. This is according to the Registrar General’s Department who is the Official Liquidator for DKM Microfinance Company. According to the Official Liquidator, the list will be posted at the various payment stations for ...

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New Legon Botanical Gardens opens

Patrons of the University of Ghana’s Botanical gardens will henceforth access other services with the launch of the new phase of the facility. The garden, until the coming on board of the new investors, only served as a habitat for some flora and fauna species. It had also served as event centres for some recreational activities. But according to the ...

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Illegal forex business booms

Whiles Licensed Forex Bureau operators are struggling to keep up with their businesses , the businesses of illegal forex market players popularly known as “black marketers” are gaining root in major suburbs of the capital city Accra and other regional capital and major markets across the country. Operators in the black marketeering business say it is a very lucrative sector ...

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Gov’t targets 8% growth rate next year

President John Mahama has once again assured the nation that the economy will recover after it increased revenues and took tough measures to limit public sector wages and spending. Some of the measures were taken as part of the programme with the International Monetary Fund. According to President Mahama, the economy is getting back on the path of growth as ...

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Finatrade faces imminent liquidation

A commodity trading company, Finatrade, is said to have begun series of job cuts in anticipation of an eventual liquidation as the company is soaked in more than GH¢1 billion debt that is threatening the survival of some banks in the country. The company, which is arguably the biggest commodity trading company in the country, is unable to meet its ...

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Ghana Export Import Bank launched in Accra

The Ghana Export Import Bank (Ghana EXIM) was yesterday launched in Accra to provide long term and patient capital, export insurance and financial advisory services for businesses operating in the export end of the market. The launch was the outcome of two years of preparatory work, which included the merger of three institutions and the subsequent passage of the Ghana ...

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Fuel prices down 1 – 4%

Barely a day to the end of the final pricing window for the month of November, prices of fuel across most oil marketing companies (OMCs) have dropped by between 1 and 4.23%, the Chamber of Petroleum Consumers, Ghana has announced A press statement released by Duncan Amoah, Executive Secretary for the Chamber on Wednesday, 30 November said: “Most oil marketing ...

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