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1,921 Further examination of the Domestic Debt Restructuring reveals that 23 banks operating in the country are projected to suffer an additional loss of GH¢6.1 billion. This loss is due to the reduction in coupon rate and an extension of the maturity period from five to 15 years, a report by Banking Consultant, Dr. Richmond […]
1,705 The Individual Bondholders Forum (IBF) is proposing to government to convert the ¢926 million principal payments of matured bonds into Treasury bills at the prevailing market conditions, if it faces liquidity challenges. However, it wants all outstanding coupons in cash as and when they fall due. In a statement by its Convener, Senyo Hosi, […]
836 Ghana’s net international reserves will end 2023 at nearly three weeks of import cover (0.8 month), the 2023 International Monetary Fund Regional Economic Outlook Report (Sub-Saharan Africa) has disclosed. Again, the report said Ghana’s reserves stood at a little above two weeks (0.6 months ) of import cover in 2022, contrary to the Bank […]
610 The so called stolen cars that the EOCO and the security agencies are talking about is true that they have track all these cars that have been shipped to Ghana. Luckily all Chamber of Automobile Dealership Ghana (CADEG) Group none is involved. The Facts is as is going on peoples are having doubts abouts […]
877 The management of the KGL Technology Limited, a subsidiary of the KGL Group, has appealed to the Government of Ghana to review the imposition of the new: 1. 20% Income tax on the “Gross Gaming Revenue” of lottery, betting and gaming companies. And 2. 10% Withholding Tax on winnings from lottery, betting and games […]
737MTN Ghana Foundation has launched the Enterprise Support Program which is geared towards boosting youth entrepreneurship and driving innovation across the country. The initiative, which is in partnership with Innohub Foundation, is part of MTN’s legacy projects aimed at accelerating socio-economic growth through economic empowerment initiatives. Through this partnership, MTN Enterprise Support Program will support […]
831 As part of its commitment to provide the best customer experience, MTN Ghana took its services to Kwahu by setting up three experiential centres to provide customer service for Kwahu Easter celebrants. The experiential centers were created at Nkawkaw, Mpraeso and Obomeng to assist customers with any challenges being experienced with their phones or […]
1,256 President of the Ghana National Cocoa Farmers Association, Stephen Anane Boafo, says his organization had tried partnering with the PBC to buy their cocoa products. According to him, the cocoa farmers were willing to make the deal due to the reason that other cocoa buying firms had not been treating them satisfactorily. He stated […]
1,132 THE EXECUTIVE Car Dealers Association in Ashanti Region, have complained bitterly about what they termed as “exorbitant import duties on cars at the port”. The Chairman of the irate group, Prince Kumi aka ‘Maxi the Car Dealer’, lamented that their businesses are on the brink of collapsing due to the ‘ killer’ duty […]
653 Telecommunication companies have up to Monday, April 17 to see to it that all SIM cards disconnected during the re-registration exercise are removed from the database. That is a directive from the National Communications Authority (NCA). “All SIMs registered after the limit of ten (10) must be removed from SIM registration databases and deactivated, […]