30000000UTC2921pm18, 112018vUTC11bUTCWed, 21 Nov 2018 19:59:29 +0000 13, 2018
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Borrowing by low, mid-income economies tripled in 2017—Report

Borrowing by low and middle-income economies from external official and private creditors surged to $607 billion in 2017 from $181 billion the previous year, the highest level in three years, as net debt inflows surpassed equity inflows for the first time since 2013, the World Bank’s International Debt Statistics 2019 ... Read More »

Stanchart tops Most Credible Bank ranking in Ghana

A new 2018 ranking of Ghanaian banks conducted by Credmap Technology, based on an assessment of their credibility has put Standard Chartered Bank at number one out of 20 banks. Zenith Bank (Ghana) Limited came 2nd, followed by Ecobank Ghana Limited in the 3rd position, United Bank for Africa (Ghana) ... Read More »

Govt’s borrowing to bloat debt stock by GHc16bn – Minority predicts

The Minority in Parliament is projecting an addition of GHc16 billion to Ghana’s public debt stock. The public debt stock as at August 2018, stood at GHc159.4 billion up from GH¢122 billion some two years ago. According to the Minority, government’s appetite for borrowing has been compounded by the need ... Read More »

2019 Budget: Importers call for cedi stabilization against the dollar [Audio report]

With Some forty eight hours away from the presentation of the 2019 budget, some importers have urged government to take critical steps to strengthen the local currency against the dollar in the coming year. The local currency begun the year on the interbank market trading at GHC 4.42 pesewas to ... Read More »

2019 Budget: Market women expecting tax reduction

As the Finance Minister Ken Ofori Atta prepares to present the 2019 Budget on Thursday, small business owners are upbeat of a reduction in taxes. For the business community, government must try to reduce taxes at the ports and improve the processes of doing business. Citi Business News visited some ... Read More »

Free Zones Authority auditing all licensed duty-free shops

The Ghana Free Zones Authority is undertaking independent audit of all licensed duty-free shops and household plastic manufacturing companies found to have violated the Free Zone Act 1995 (ACT504) and its supporting regulations. The auditing exercise began last week. Meanwhile, the Ghana Revenue Authority (GRA) has said some of its ... Read More »

Uganda school fire: ‘Arson attack’ leaves 10 dead

An alleged arson attack on a boys’ boarding school dormitory in southern Uganda has left at least 10 people dead and dozens more injured. Reports suggest the fire began early on Monday morning at a block that housed dozens of students from St Bernard Secondary School in Rakai. Officials have ... Read More »

Akufo-Addo petitioned to remove “incompetent” CJ

President Nana Addo Dankwa Akufo-Addo has been petitioned to initiate the process for the impeachment of the Chief Justice, Sophia Akufo. The Executive Director of the Alliance for Social Equity and Public Accountability, Mensah Thompson, who petitioned the President cited incompetence as the basis for the removal of the CJ. ... Read More »

Saudi King Salman donates Medical Items to Ghana

The Humanitarian Aid and Relief Centre (KSRELIEF), an Aid and Relief organization belonging to His Royal Highness, King Salman, of Saudi Arabia, has donated seven (7) containers (40) tonnes of medical relief items to the Republic of Ghana, as part of a worldwide humanitarian initiative by the Saudi defacto ruler. ... Read More »

Napo schools Nobisco headmaster on computer placement  

Education Minister, Dr. Matthew Opoku Prempeh had some tough moments in Tamale last Friday when he visited some headmasters of public senior high schools in the regional capital ahead of the opening for students placed in the second batch of the double track system (Gold Track). From verbal disagreements at ... Read More »

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