Business

Special Prosecutor, A-G scatter Asante Bediatuo’s Torentco deal at TOR

Business News of Monday, 27 November 2023 Special Prosecutor, Attorney General and Asante Bediatuo and others in an image collage The Attorney General and Minister of Justice have torpedoed the infamous Torentco Asset Management Limited (TAML) attempt to lease the state-owned Tema Oil Refinery (TOR), saying his office is not in a position to vouch for its credibility. Godfred Yeboah Dame’s action ...

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Shandong Gold pledges to pour first gold in 2024 and construct new airport in Bolgatanga

Business News of Wednesday, 25 October 2023 Source: Ministry of Lands and Natural Resources The assurance comes after Lands Minister paid a working visit to Shandong Gold HQ The General Manager of Shandong Gold Group, the parent company of Cardinal Namdini Mining Ltd., Mr. Hang Li, has assured the Government of Ghana of its commitment to pour its first gold at ...

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Update on implementation of bailout program for affected clients of Blackshield Fund Management Ltd

Business News of Thursday, 12 October 2023 Disclaimer Source: Securities and Exchange Commission   File photo The Securities and Exchange Commission (SEC) wishes to update the public on the Bailout program, focusing on the unfortunate plight of the customers of Blackshield Fund Management Company Limited (formerly Gold Coast Fund Management Limited) (Blackshield/Gold Coast) who begun a 48-hour picketing at the Ministry ...

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OccupyBoG demo: NPP’s Alfred Thompson exposes Ato Forson

OccupyBoG demo: NPP’s Alfred Thompson exposes Ato Forson October 9, 2023 1:41 pm The main reason behind the demonstration by the Minority to demand the resignation of the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, and his two deputies has been revealed. According to reports, the protest dubbed: OccupyBoG by the Minority in Parliament was due to ...

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Official Creditor Committee, Ghana government to reach agreement on restructuring talks soon – IMF

Business News of Saturday, 30 September 2023 Source: www.ghanaweb.comThe International Monetary Fund The International Monetary Fund has said that it expects Ghanaian authorities and the Official Creditor Committee to reach an agreement soon. According to the Director of Communications at the IMF, Julie Kozack, it is crucial for Ghana to finalize debt restructuring talks with both domestic and external creditors. “The next steps ...

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Alan Kyerematen blames Finance Minister for economic challenges

Business News of Tuesday, 26 September 2023 Source: www.ghanaweb.com Immediate past Minister of Trade and Industry, Alan Kyerematen Immediate past Minister of Trade and Industry, Alan Kyerematen, has blamed the Minister of Finance, Ken Ofori-Atta for the current economic challenges of the country. Alan, who resigned as Trade Minister earlier this year, in order to contest the NPP’s flagbearership election, also resigned from the ...

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Where was Ofori-Atta when Ghana was running to IMF for financial bailout? – Alan Kyerematen

Business News of Tuesday, 26 September 2023 Source: www.ghanaweb.com Former Trade Minister, Alan Kyerematen and Finance Minister, Ken Ofori-Atta Former Minister of Trade and Industry, Alan Kyerematen, has said the Minister of Finance, Ken Ofori-Atta, was nowhere to be found when the country needed help from the Bretton Wood institution – International Monetary Fund. According to him, he was among the few people in ...

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Business News of Tuesday, 19 September 2023 Source: www.ghanaweb.com   Vice President Dr. Mahamudu Bawumia The World Bank Country Director (Ghana), Pierre Frank Laporte, agreed with Dr. Bawumia’s claims that Ghana’s energy sector had been saddled with a quadruple whammy. He said: “The big issue has been on the fiscal side. Before the current crisis happened, we observed certain challenges on ...

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Ghana, official creditors discuss cut-off date for debt restructuring – Sources

Business News of Saturday, 16 September 2023 Disclaimer Source: Reuters   Finance Minister, Ken Ofori-Atta Ghana and its official creditors are negotiating cut-off dates for which new loans should be excluded from a restructuring of the country’s overseas debt, two sources familiar with the matter said. Dates in December 2022 and March 2020 were under consideration in recent meetings of the ...

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