Business

Ghana’s public debt drops to GH¢567.3 billion in September, representing 66.4% of GDP

Business News of Monday, 27 November 2023 Source: www.ghanaweb.com Finance Minister, Ken Ofori-Atta Recent figures released by the Bank of Ghana has showed that Ghana’s public debt declined to GH¢567.3 billion as of September 2023. This represents 66.4 percent of Gross Domestic Product (GDP) depicting a GH¢14.2 billion decline compared to the GH¢581.5 billion recorded in June 2023. According to BoG’ Summary of ...

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Ghana Revenue Authority wins GH¢39.7 million breach of agreement suit

Business News of Monday, 27 November 2023 Source: GNA Ghana Revenue Authority wins GH¢39.7 million breach of agreement suit The Ghana Revenue Authority (GRA) is the revenue arm of government An Accra High Court Commercial Division has dismissed a GH¢39.7 million claim made by Magnate Technology and Services against the Ghana Revenue Authority for breach of agreement. The amount, the company said, would ...

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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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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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