Wednesday , July 24 2024

Business

Kwabena Donkor hits back at World Bank Country Director over his claims on PPAs signed under NDC

Kwabena Donkor

National Democratic Congress (NDC) Member of Parliament for Pru East constituency, Dr Kwabena Donkor has criticised some assertions made by the World Bank Country Director about power agreements signed under the NDC government. World Bank Country Director, Pierre Frank Laporte has accused previous and current governments of doing a poor …

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Encourage acquisition, mergers of banks and NBFIs if needed – IMF tells government

IMF boss

The International Monetary Fund (IMF) has proffered three policies including acquisitions and mergers of banks and non-banks to mitigate the possible systematic financial instability in Ghana. These policies captured under the Risk Assessment Matrix contained in the recent IMF country report on Ghana, aim to mitigate risks and ensure the …

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Pensioner Bonds: Government promises to clear all 5 outstanding coupons immediately

The Government has through the Ministry of Finance promised to immediately clear all five outstanding coupons owed pensioner bondholders. Government has also agreed to pay all outstanding principals in two weeks. The decisions follow a meeting Friday between officials of the Ministry of Finance and leadership of the Pensioner Bondholders’ …

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You’ll have access to your MoMo after restoration – Ken Ashigbey assures ‘blocked’ mobile users

Mobile users whose services have been limited due to failure to re-register their SIM cards have been handed a lifeline by the National Communications Authority (NCA) to have those services restored. There is an opportunity to still have that SIM card registered and all services restored including MoMo wallets. This …

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SIM re-registration: Your momo account is safe even if you lose your number – MTN assures

The Chief Executive Officer of MTN Ghana, Selorm Adadevoh has assured that mobile phone subscribers who may lose their phone numbers for not re-registering their SIM cards will not lose their mobile money (momo) accounts. According to him, such subscribers will be later given directives on processes to take to …

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food wrapped in plastic sheets link to prostate, breast cancers, among others

I recently chanced on a video posted on Facebook by the renowned singer, Kofi Kinata lamenting how fante kenkey is now wrapped with plastic rubbers, then covered with the traditional plantain leaves before cooking on the fire. His concern was that this predispose the consumers to several ailments.  Indeed, this is a …

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China will have access to Ghana’s mineral revenue, electricity sales in default of 4 loans – IMF

China will have access to Ghana

The International Monetary Fund (IMF), has revealed details about how Ghana’s four collateralized loans from China have exposed the country to the possibility of losing parts of its mineral resource revenue in addition to electricity sales in the future. For Ghana, Chinese loans have been a reliable funding source for …

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Your Free SHS is poorly targeted – IMF tells government

The International Monetary Fund (IMF) has described government’s flagship Free SHS Senior High School (SHS) programme as poorly targeted. The Fund made this observation in its latest country report on Ghana, whose request for a $3 billion bailout it recently approved. According to the report, the Free SHS programme “which …

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Continue paying existing transport fares for now – GPRTU pleads with public

GPRTU, trotro, vehicle

After news about the 10% reduction in transport fares broke, commuters were anticipating a reflection on the ground but their joy was shattered. This comes after the Ghana Private Road Transport Union (GPRTU) appealed to the general public to continue paying the existing fares until the leadership of the various …

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IMF Board finally approves Ghana’s programme request for $3bn bailout

Ken-Ofori-Atta

The International Monetary Fund (IMF) has finally approved Ghana’s Programme request seeking for a $3 billion Balance of Payment support to stabilize the economy. The IMF in the coming hours is expected to issue a press statement giving more details about the approval. Joy Business is learning that the Board …

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