Business

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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There is no existence of Mahama’s Cocoa Fund established for farmers’ pension – COCOBOD

Joseph Boahen Aidoo, COCOBOD Chief Executive Officer Joseph Boahen Aidoo, the Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), has dismissed claims of the existence of a Cocoa Fund, allegedly established by former President John Mahama during his presidency to serve as a pension scheme for cocoa farmers. According to Mr. Aidoo, not only was this fund non-existent, but ...

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