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.
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.
The Komenda Sugar Factory, set up to provide 7,300 direct and indirect jobs, remains shut, two years after its inauguration.
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.
The Bank of Ghana has dismissed as false the alleged takeover of the Agricultural Development Bank (adb) by indigenous bank, uniBank.
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.
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.
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 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.
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.