The Chamber of Independent Power Producers Ghana (IPPs) is convening an urgent meeting today to address a pressing issue – a substantial US$2 billion debt owed to its members.
Two Community Mining Scheme (CMS) concessions expected to create a combined 7,500 job opportunities have been launched at Moseaso-Abransie in the Manso-Nkwanta constituency of the Ashanti Region.
The Bank of Ghana (BoG) remains committed to maintaining a managed floating exchange rate regime with minimal interventions by the central bank, its Governor Dr. Ernest Addison has said – noting that it represents the most ideal framework for the domestic economy’s growth and stability needs at this stage of its development.
Ghana’s central bank is poised to look past a recent quickening in inflation and keep interest rates on hold on expectations that it’s likely to be short-lived, a pause that would give policymakers time to evaluate the impact of Finance Minister Ken Ofori-Atta’s mid-tern budget review.
The Director of Operations at Dalex Finance, Joe Jackson has raised alarm over the practice of employing funds from T-Bills, a short-term debt instrument, to finance long-term debt obligations.
The National Petroleum Authority (NPA) has formally notified LPG marketing companies in Ghana about the forthcoming implementation of the first phase of the government’s nationwide Cylinder Recirculation Model (CRM), scheduled to commence from the Greater Accra and Ashanti regions in September 2023.
Food supplies to the National Buffer Stock Company Limited (GBSCL) reached a total value of GH2.7billion between 2017 and 2022, Minister of Food and Agriculture Bryan Acheampong has disclosed.
Ghana’s strategic petroleum reserves, vital for ensuring oil supply during emergencies, have been non-existent since 2006, according to Edwin Alfred Provencal, the Managing Director of the Bulk Oil Storage and Transportation Company (BOST).
Ghana’s pension sector has demonstrated remarkable resilience, with the total value of assets under management by the country’s 217 pension schemes approaching GHS 51 billion in the first quarter of 2023, according to David Abbey, the Deputy CEO of the National Pensions Regulatory Authority (NPRA).
The forthcoming T-bill auction, scheduled for Friday, July 21, 2023, is expected to face subdued investor demand as caution prevails in anticipation of the Monetary Policy Committee’s (MPC) decision, says research lead at GCB Capital, Courage Boti.
The Deputy Ashanti Regional Commander, Customs Division, Ghana Revenue Authority (GRA), Mr Evans Teye Agbozo, has cautioned importers and exporter against the practice of bypassing systems to avoid paying all required duties.
