The Energy Sector Levy Act (ESLA) Plc will, on Monday, 30 December 2019, seek to raise GHS260 million additional funds via a 12-year Ghana cedi denominated bond. This will represent Tranche E4 under the GHS10-billion programme. The bond sale was opened to the investing public on 24 December 2019 and will mature on 15 December 2031. In a statement, ESLA ...

Food prices are climbing fast in the world’s biggest emerging markets, posing a possible inflation threat after months of dormant pressures. Asia’s two largest developing economies face a price surge for staple products — pork in China and onions in India — that are central to consumers’ diets. In Turkey and Nigeria, supply problems are driving up costs, while United ...

Boeing and the Republic of Ghana announced today that the country intends to re-launch an airline starting with the 787-9 Dreamliner. The parties signed a memorandum of understanding at the Dubai Air Show for three airplanes with a list price value of $877.5 million according to list prices. “There is a growing demand for air travel to and from Ghana ...

Pineapple Juice from the Ekumfi Juice Factory under One District One factory is now on sale. The nicely packaged pineapple ‘Eku Juice’ can be compared to those imported into the country. This juice is not from concentrates as the others are. The Food and Agric Minister, Dr. Afriyie Akoto, made the announcement in a Facebook post on Saturday, November 16. ...

A Ghanaian Independent energy firm, Springfield Exploration and Production Limited (SEP), has discovered more than 1.2 billion barrels of oil in its deepwater drilling off the coast in the Western region. An official announcement is expected to be made in the coming days, authorities have said. SEP began exploration in October in the West Cape Three Points Block 2. The ...

Government is projected to achieve GHc 67.1 billion in total revenue, representing 16.9 percent of GDP, in the 2020 fiscal year. This was made known by the Finance Minister, Ken Ofori-Atta, during the presentation of 2020 Budget Statement and Economic Policy, presented to Parliament in Accra. Of the total expected revenue for the period, GHc 65.8 billion is projected to ...

The Securities and Exchange Commission has directed investors with locked-up funds in the 53 collapsed fund management companies to visit some specific branches of the Consolidated Bank Ghana to begin processes to retrieve their investment. In a statement issued on Wednesday, the capital market regulator the designated CBG branches will from November 18, 2019, open to receive from clients of ...

The Minister of Finance, Ken Ofori-Atta, today presented the 2020 Budget Statement and Economic Policies of the government to Parliament. The minister dressed in his usual white apparel, holding his famous brown bag delivered what he described as the “Nkosuo ne Nkabom budget” for 2020. According to the Finance minister, the year 2019 has been “a very good year for ...

The concession agreement for the construction of the Accra Sky Train Project has been signed on the sidelines of the ongoing African Investment Forum in Johannesburg, South Africa. The signing of the agreement means feasibility studies, spanning a period of nine months to determine the bankability of the project will commence, with the investors assuring that the first station for ...

The Mobile Telecommunication Network (MTN) Ghana, is working closely with the Police to set up a Forensic Laboratory to effectively tackle falsehoods and smear campaigns being promoted on social media networks. Mr. Abdul-Majeed Rufai, Senior Manager, MTN Mobile Financial Services, Commercial disclosed saying “we are buying equipment to be used for this Laboratory” to help the Police to monitor, detect, ...