Investors or holders of the ESLA bond have received a total of GH¢500million as the first tranche of interest payments. A statement from ESLA Plc., the Special Purpose Vehicle (SPV) created to manage the bond, said an estimated GH¢228million has been paid as first gross interest payments to investors who...
The Ghana Revenue Authority (GRA) has hinted of plans to further digitise tax payments through mobile money services, as part of efforts to boost tax collection as well as increase informal sector contributions to tax revenue. The tax authority believes the innovation, which is still under consideration, will facilitate tax...
Ghana plans sixth Eurobond sale in April Analysts say move to Asian markets adventurous   Ghanaian officials will meet investors in Asia this week to explore new markets for a $1 billion Eurobond sale this year, government sources said on Friday. The major commodity exporter is seeking favourable terms for the...
The First Lady, Mrs. Rebecca Akufo-Addo, has urged women leaders to continue the drive for greater inclusion of women in all facets of our national development. Speaking at the maiden edition of the Executive Women Network (EWN) Annual Conference held in Accra, she said: “Excluding women, who make up more...
The global financial landscape has witnessed increased regulations and legislations following the 2008 financial crisis. Regulatory compliance in the financial sector implies strict adherence to policies and regulations surrounding the regulatory and supervisory environment of financial institutions. This includes, but not limited to compliance with Anti-Money Laundering (AML), Anti-Terrorist Financing...
The Institute for Fiscal Studies (IFS) has said the over-GH¢2.7billion shortfall in government’s domestic revenue in the first half of this year must trigger an extensive strategy to boost government’s domestic revenue. Executive Director of the policy think-tank, Prof. Newman Kusi - speaking at the institute’s 2018 pre-budget forum -...
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...
The European Union (EU) is providing some 1.2 million Euros to fund the E-Waste management in Ghana (E-MAGIN Ghana) project over the next four years. The project which is to be implemented in 8 regions is expected to promote the formalisation of the e-waste management industry by providing legitimate and...
Validation process is ongoing Total client claims now stand at GH¢3bn (from GH¢12.6bn) 71,000 individuals, 5,750 institutions make claims Government committed to intervene Commission pursuing changes to law to gain more powers 13 out of 18 CIS transferred to new fund managers The Securities and Exchange Commission (SEC)...
Domestic and foreign investors have submitted various proposals to the Aviation Ministry to partner government in the development of on-ground aviation infrastructure, in line with the country’s vision to be an air transport hub. B&FT sources say that a proposed airport in the Western Region, development of the KIA Airport...