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Ministry of Finance warns contractors
As Ghana struggles to cut its 2013 fiscal deficit, the Ministry of Finance has warned contractors it will not go ahead with any project that has not been provided for in the 2013 budget.
The Chief Economic Officer of the Ministry, Mr.…
COCOBOD’s $1.5b facility largest non-oil deal in sub-Saharan Africa – Standard Bank
The $1.5 billion pre-export finance facility the Ghana Cocoa Marketing Board (COCOBOD) secured in September 2012 is said to be currently the largest non-oil trade financing in sub-Saharan Africa.
The facility, which was fully underwritten…
Ghana gas infrastructure suffers another setback
As country receives only $200 million of $3 billion China loan
The Ghana government has said it received only $200 million out of the total $3 billion China Development Bank (CDB) loan that it applied for.
At a budget review workshop…
35,000 Ghanaians apply for UK visas in 2012
The UK Border Agency (UKBA) says about 35,000 Ghanaians applied for UK visas in the year 2012.
The West African hub of the agency based in Accra received 50,000 applications from West African nationals (except Nigeria) last year.
“The…
Ghana defends projected 9% fiscal deficit for 2013
The government of Ghana has defended its projected fiscal deficit of 9 percent for 2013.
At a workshop with journalists in Accra Friday March 8, 2013, officials of the Ministry of Finance and Economic Planning insisted that the 9%…
Ghana projects $581.7m oil earnings in 2013 fiscal year
Ghana expects to generate revenue of $581.72 million from oil at the Jubilee fields by the end 2013, Finance and Economic Planning Minister Seth Terpker has told Parliament.
Presenting the 2013 budget March 5, 2013, Mr terkper told the…
Embrace the wind of change – Mahama tells Ghanaians
In his maiden Independence Day address, Ghana's President John Dramani Mahama has told citizens to embrace the wind of change that the country is seeking.
Ghana today March 6, 2013 marks her 56th Independence anniversary.
President…
Ghana sets 9% fiscal deficit, 8% GDP growth in 2013 budget
Ghana is targeting a fiscal deficit of a 9% and gross domestic product (GDP) growth of 8 % by the end of 2013, Finance Minister Seth Terpker announced today March 5, 2013 while reading the country’s 2013 budget in Parliament.
Ghana’s…
Sierra Leone beats Ghana as West Africa’s economy grows 6.9% in 2012
West Africa's economy grew at a rate of 6.9% during the year 2012, an increase of over 5.9% in 2011, regional bloc ECOWAS announced March 1, 2013.
Sierra Leone recorded the highest economic growth rate ahead of Ghana and other countries in…
VRA says cost of producing power doubles
Ghana cannot do away with thermal power because it provides 40 per cent of the country’s electricity needs, Mr. Sam Kwesi Fletcher, Public Relations Officer of the Volta River Authority (VRA), has said.
He was speaking at a public…