Government’s second local dollar bond issuance, which raised a total US$221million for three years at 6.25percent, put the cedi under temporary pressure last week, latest RMB Research has shown
Data from the Central Bank shows that the local currency depreciated by 0.46percent against the US dollar between October 30 and...
Rural and Community Banks (RCBs) that are yet to meet the GH₵1 million stated capital requirement set by the Bank of Ghana (BoG) by year-end will be given an extended period to recapitalise, BoG Governor, Dr. Ernest Addison, has hinted.
With barely two months to the deadline only 58, out...
The Auditor-General, Daniel Yaw Domelevo, has served notice that his outfit will soon make public the names of individuals and institutions that have been surcharged and expenditure disallowed against them
According to the Auditor-General, the naming and shamming exercise is expected to also serve as a deterrent to public and...
Managers of ESLA Plc, the special purpose vehicle created to raise bonds to clear the GH¢10billion energy sector debt, have said they have the systems, structures and capacity to raise some of the debt from offshore investors who are unable to buy cedi-denominated bonds.
Edward Effah, Chairman of the Board...
The Minister for Finance, Ken Ofori-Atta will be presenting the 2018 budget statement and economic policy of government on November 15,2017 which is expected to focus on Industrialization; Agriculture and consolidation gains made after almost a year in office.
This was communicated to Members of Parliament during the presentation of...
Inflation for last month dropped to 11.6 percent, the lowest in over four years, after prices in non-food items such as transportation among others saw some significant downward movement.
October’s inflation was a 0.6 percentage points improvement on the 12.2 percent recorded in September - meaning general prices of goods...
Executive Director of policy think-tank, Policy Initiative for Economic Development, Daniel Anim-Prempeh, is asking government to consider a review of the Petroleum Revenue Management Act (Act 815) to enable it tap the Heritage Fund to run the under-resourced technical universities.
With such a strong fiscal backing, he argues that government...
The Minority in Parliament, has accused the government of causing financial loss to the state with the recent issuance of the Energy Sector Bond.
According to the minority, the below GHc 6 billion yield of the bond is a solid basis for the Finance Minister, Ken Ofori-Atta, to be hauled...
The Ghana Revenue Authority (GRA) has been charged to take advantage of the numerous opportunities afforded by technology to increase the tax to GDP ratio, and thereby help reduce the country’s dependency on aid and donor support.
“The country’s tax to Gross Domestic Products (GDP) ratio, which is quite alarming,...
A draft report that will see 70 percent of government of Ghana-funded projects go to local contractors has been completed, and is expected to be submitted to Cabinet and Parliament for approval soon.
The new policy, government believes, will help grow local businesses.
It is aimed at empowering indigenous contractors, and...