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Ahead of election verdict: Bank of Ghana refutes ‘massive’ cash withdrawal claims
Ghana's central bank has indicated that there has not been massive cash withdrawals at banks in recent times as the Supreme Court prepares to give verdict on the election petition case.
Media reports early this week suggested that there…
Ghana government spends GH¢4.7b on salaries in six months
The Ghana government has spent above its projected target for salaries in the first six months of 2013, paying GH¢4.7 billion as against GH¢4.3 billion to employees, the Bank of Ghana has said.
Its interest payments also amounted to…
USAID targets 326,000 people in $60m initiative for northern Ghana
The United States Agency for International Development (USAID) is hoping to reach out to over 326,000 people in a $60 million project aimed at boosting food security in northern Ghana.
The project, Resiliency in Northern Ghana (RING),…
Ghana’s Eurobond yield reflects cost of fiscal imprudence – EIU
The Economist Intelligence Unit (EIU) has attributed Ghan's yields from the just-issued $750 million Eurobond to the imprudence in the fiscal management of the country's economy.
Ghana, on July 25, 2013 launched a $750m Eurobond at a yield…
IFC invests $6m in Activa to insure farmers in West, Central Africa
The International Finance Corporation (IFC) is investing $6 million into agricultural insurance for farmers in the West and Central Africa regions.
The Corporation is using the amount as an equity investment in Activa, an insurance group…
AngloGold Ashanti in financial crisis, can’t pay Ghanaian workers
AngloGold Ashanti, the world's third-largest gold producer is in financial crisis. The miner as a result has been forced to put on hold staff layoff in Ghana.
“We are done with the review of our headcounts and costs, but the problem we are…
Moody’s rates Ghana’s Eurobond B1
Ratings agency, Moody's today July 26, 2013 assigned a B1 rating to the just issued Ghana Eurobond set to mature in ten years.
The Ghana government issued a $750 million bond on the international market at a rate of 7.875% instead of the…
Ghana allows locals to buy $1b Eurobond
Ghanaian firms can buy some of the $1 billion Eurobond issued by the Ghana government this week.
According to government, the bond will be listed on the Ghana Stock Exchange, making it the first Eurobond to be listed on a local stock…
Ghana falls again, ranks 94th in 2013 global innovation index
Ghana has once again fallen on the global innovation index. The country's innovation status ranking slumped two places down to 94th in the 2013 edition of the index released by the World Intellectual Property Organisation (WIPO) this month…
Ghana exports $137.1m value of goods to US under AGOA in 2013
Ghana has so far in 2013 exported goods and products worth $137 million to the United States under the African Growth and Opportunity Act (AGOA), a new data shows.
The value of the goods exported between January and May this year were…