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AGF to issue $25m worth of guarantees to four Ghanaian banks
The African Guarantee Fund (AGF) will by next month issue $25 million worth of guarantee to four Ghanaian banks, its CEO has said.
According to Mr Felix A. Bikpo, the Fund is reviewing some projects brought forward by these banks for…
Jubilee partners confirm approval of Ghana’s second oil project
Kosmos Energy and Tullow say the Ghana government has approved the Plan of Development (PoD) for the Tweneboa-Enyenra-Ntomme (TEN) oil project.
Both explorers confirmed the approval in separate statements today May 30, 2013.
According to…
Would Ghana levy air travel, hotel accommodation to pay for peace-keeping in Africa?
The President, John Dramani Mahama has hinted that African countries would raise a 12,000 strong rapid response military force to deal with the issue of insurgency on the continent and the money for the force might be raised from levying…
Ghana in ‘slight risk’ of political destabilization on election petition – AEO
Ghana might suffer the risk of political destabilization due to the ongoing election petition filed by the opposition party over the 2012 December polls results, a new report seems to suggest.
On December 9, 2012, the Electoral…
Low global commodity prices worsen Ghana’s trade deficit in 2013
The rise in Ghana’s trade deficit got worse during the first quarter of 2013 as a result of low international commodity prices.
Ghana’s major commodity exports are gold, cocoa and recently oil.
According to the Bank of Ghana (BoG), in the…
Ghana’s Road Fund yields GH¢1.4b in 12 years
An amount of GH¢1.474 billion was realized from road funds in Ghana between 2000 and 2012.
The fund also carried forward a debt of GH¢206.6 million from the year 2012 to 2013, which showed an increase in the previous year’s indebtedness by…
Shortage of HIV Testing Kits hits Eastern Region of Ghana
The District HIV Focal Persons in the Eastern Region have raised concerns about the shortage of HIV Testing Kits in their areas.
The situation, they said, has resulted in almost all the implementing agents in the region, engaged by the…
Ghana government to implement regular utility and petroleum price adjustments
Though there is strong investor appetite presently and favourable external environment to help raise funds for productive use in Ghana, the country is still faced with some risks which include the continues Single Spine Salary Structure…
Ghana’s $1b Eurobond issue set for parliamentary scrutiny
...Citi Group, Barclays confirmed as lead managers
The $1 billion Eurobond Ghana plans to issue in July 2014 is set for possible approval by the country's lawmakers after further scrutinies are done.
This was after Cabinet approved of the…
WFP signs $1.6m deal with Chinese company HNA to cook for Ghana school children
The World Food Programme (WFP) says it has signed an agreement with a Chinese company, HNA Group to provide school meals for children in Ghana. The deal is worth $1.6 million.
According to the UN agency, the new partnership with HNA…