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Ghana stock closes week with block trade

Trading closed on the bourse with a block trade in the shares of Ice and citrus maker, Fan Milk Limited with no price change; Nordea Capital Investment Stock Expert review to the Ghana News Agency on Friday indicated. According to the Nordea Capital stock analysis, the benchmark Ghana Stock Exchange …

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GCNet pays GH¢8m dividend to government

The Ghana Community Network Services Limited (GCNet) on Tuesday presented a final dividend of GH¢8 million to government, bringing the company’s total dividend payment for 2017 to GH¢17 million. GCNet had earlier this year, paid an interim dividend of GH¢9 million in respect of government’s equity holdings. Speaking to reporters …

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GHL Bank receives $15m boost for mortgage loans

GHL Bank has received $15 million from the African Development Bank to boost access to home ownership for lower-middle to middle-income Ghanaians. The move will further entrench the GHL Bank’s market leadership for providing affordable housing in Ghana and help Ghanaians in these income brackets to actualise their dreams of …

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Akufo-Addo urges businesses to work for success of SDG’s

President Nana Addo Dankwa Akufo-Addo has rallied Chief Executive Officers (CEO’s) of leading Ghanaian and multinational businesses operating in the country to give strong backing to efforts at attaining the United Nations (UN) Sustainable Development Goals (SDGs). He reminded them that as primary promoters of social and economic transformation, they …

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KEDAN to pump $5m into another maize factory

KEDAN Agribusiness Solutions Limited aims to inject five million dollars by 2019 to increase daily production capacity of the newly installed 30 metric tons maize processing factory in Tumu in the Sissila East Municipal capital. The amount is expected to improve the company’s working capital for raw material aggregation, construct …

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Bayport to increase its Note Programme to GH¢500m

The Management of Bayport Savings and Loans PLC seeks to increase the size of its existing Note Programme, a debt instrument, to GH¢500 million. The company is thus raising the Note Programme by an additional GH¢300 million from the current GH¢200 million. Nii Amankra Tetteh, the Managing Director of Bayport …

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Recent depreciation of the cedi is temporary- BoG Official 

The recent blip in the foreign exchange market that saw a slight depreciation of the cedi against the dollar is short-term and a reflection of a spill over from external developments, an official of the Bank of Ghana has said. Mr Steve Opata, the Director, Financial Markets Department, told a …

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IFC to invest $60m in Ghana and seven other African countries

International Finance Corporation (IFC) announced on Monday, a $60 million investment to support small and medium-sized business loans in Ghana and seven other African countries. A press release to the Ghana News Agency, on Wednesday said, the move is tended to facilitate growth and job creation in the region. The funding …

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