Tuesday, June 19, 2018

As Youth, We Feel Let Down – Takoradi Residents Fume Over GNPC Relocation

Some residents of Takoradi in the Western Region are angry with the government for failing to relocate the Ghana National Petroleum Corporation (GNPC) to the Region.

319 Microfinance Companies In Good Standing :Bank of Ghana Releases Full List

Following the recent challenges where customers of four microfinance companies have not been able to access their savings, the Bank of Ghana (BoG) has released a list of 319 licensed institutions in general compliance with guidelines.

Komenda Sugar Factory Remains Shut Two Years After Inauguration

The Komenda Sugar Factory, set up to provide 7,300 direct and indirect jobs, remains shut, two years after its inauguration.

Adopt New Revenue Plan Before April Review – IMF To Government

Ghana must legislate new measures to boost revenues by at least 0.5 percent of gross domestic product before the IMF reviews a $918 million credit deal next month, the Fund said.

BoG Dismisses UniBank Takeover Of Agricultural Development Bank

The Bank of Ghana has dismissed as false the alleged takeover of the Agricultural Development Bank (adb) by indigenous bank, uniBank.

UniBank Takes Over ADB

A consortium of financial institutions that control majority shares in the Agricultural Development Bank (ADB), has pledged its shares, proceeds, entitlement and voting rights to uniBank, a leading wholly-owned Ghanaian bank.

2% Reduction In Special Petroleum Tax ‘Is An Insult’ To Ghanaians – Suhuyini

It has been hailed as “a big relief to everybody”, but Member of Parliament for Tamale North, says the 2% reduction in the controversial Special Petroleum Tax “is an insult” to Ghanaians.

Government Will Deal With Illegal Bunkering, Smuggling Of Petroleum Products – Bawumia

Vice President Dr. Mahamudu Bawumia has reiterated government’s resolve to deal forcefully and decisively with the issue of illegal bunkering and the smuggling of petroleum products by sea into Ghana.

Ghana Sells ¢1.99 bn Worth Of 5-year Local Bonds At 16.5%

Ghana sold 1.99 billion cedis ($448 million) worth of a fresh five-year domestic bond on Thursday and the major commodity exporter will pay a yield of 16.5 percent, joint transaction arrangers said.

$2.25bn Bond : Ofori-Atta Must Resign – Minority

The Minority in Parliament is demanding the resignation of the Finance Minister Ken Ofori-Atta following CHRAJ’s declaration that several statutory regulations governing issuance of bonds were breached in the issuance of the $2.25 billion bond.

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