Monthly Archives: May 2023

Positive signs for gross reserves – Analysts

Business News of Wednesday, 24 May 2023 Source: thebftonline.com Business News of Wednesday, 24 May 2023 Major trading currency, dollar The nation’s gross reserves are expected to experience potential growth following approval and funding received from the International Monetary Fund (IMF) for a US$3billion Extended Credit Facility (ECF) arrangement. According to the Bank of Ghana’s summary of economic and financial data, there was a ...

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Ghana likely to lose mineral, electricity revenue to China due to loan defaults – IMF

Business News of Wednesday, 24 May 2023 Source: www.ghanaweb.com President Nana Addo Dankwa Akufo-Addo   The International Monetary Fund (IMF) has disclosed that the Chinese government would likely have access to Ghana’s mineral revenue and electricity revenue due to the government of Ghana’s failure to honour its loan agreement. According to a news report by myjoyonline.com, the fund indicated that this might happen ...

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China likely to seize Ghana’s mineral and electricity revenue over default of loans – IMF

  Finance Minister Ken Ofori-Atta The International Monetary Fund (IMF) has disclosed that the Chinese government would likely have access to Ghana’s mineral revenue and electricity revenue due to the government of Ghana’s failure to honour its loan agreement. According to a news report by myjoyonline.com, the fund indicated that this might happen because the government of Ghana is at risk ...

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‘PetroSA deal is absurd and scandalous’ – NAPO calls out Freddie Blay, GNPC

General News of Tuesday, 23 May 2023 Source: www.ghanaweb.com The Minister for Energy, Dr. Matthew Opoku Prempeh, alias NAPO, has called out the Board Chairman of the Ghana National Petroleum Corporation (GNPC), Freddie Blay, over the PetroSA deal, which seeks to offload some of Ghana’s oil interests to the South African National Company (PetroSA). According to The Chronicle newspaper, NAPO, in a ...

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Meerderheid gloort voor Pensioenwet: jaar uitstel voor overgang naar nieuw pensioenstelsel

Minister Carola Schouten (Pensioenen) is bereid pensioenfondsen tot 2028 de tijd te geven om over te gaan naar het nieuwe pensioenstelsel. Met deze toezegging komt de CU-bewindsvrouw tegemoet aan bezwaren van de Eerste Kamer, die bang is dat de overgang te snel gaat. Daarmee lijkt de Pensioenwet volgende week bij de stemming op een ruime meerderheid te kunnen rekenen. Laurens ...

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GBC Staff stops breakfast show over basic allowance cut

General News of Tuesday, 23 May 2023 Source: www.ghanaweb.com Aggrieved staff of Ghana Broadcasting Corporation (GBC) The staff of Ghana Broadcasting Corporation (GBC) reportedly stopped their breakfast show on May 22 to protest against the cut of their basic allowance. The staff during the Breakfast Show gathered outside the broadcasting corporation’s headquarters in Accra glad in red bands and shirts to ...

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‘IMF deal won’t solve all of Ghana’s problems’ – Deputy Information Minister

Fatimatu Abubakar is a Deputy Minister for Information Deputy Minister for Information, Fatimatu Abubakar says the $3 billion loan from the International Monetary Fund (IMF) aimed at Ghana’s economic recovery is not going to solve all of the nation’s problems. According to her, the IMF programme is to provide the necessary reliefs to Ghanaians by helping government to roll out ...

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IMF deal would reflect in growth of the economy by close of year – Majority Leader

Business News of Tuesday, 23 May 2023 Source: www.ghanaweb.com Majority Leader in Parliament, Osei Kyei-Mensah-Bonsu   Majority Leader in Parliament, Osei Kyei-Mensah-Bonsu, has projected that Ghana’s concluded deal with the International Monetary Fund (IMF) would reflect in the country’s economic growth by the end of 2023. Kyei-Mensah-Bonsu acknowledged that Ghana’s economy hit rock bottom due to COVID-19 and the economic impacts of the Russian-Ukraine war on ...

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