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Business
Official Creditor Committee approves Ghana’s deal with Eurobond holders
Ghana’s bilateral lenders, through the Official Creditor Committee (OCC), have approved the government’s agreement with Eurobond holders to restructure approximately $13.1 billion in…
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Mobile interoperability holds potential to replace Africa’s single currency dream -Dr Bawumia
Vice-President Dr. Mahamudu Bawumia has called on African countries to prioritize mobile money interoperability over the long-standing goal of achieving a single currency.
He made this…
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Using mobile money to buy and sell across Africa
For over sixty decades, from the Mali Empire through to the OAU Summit of May 1963 and incrementally to date, African unity has remained but a collective dream. One that has…
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Farmers to absorb global market fluctuations under new cocoa pricing system
The Ministry of Finance has introduced a reform in the producer price determination mechanism aimed at enhancing efficiency and financial viability within Ghana’s cocoa industry.
At…
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Dr Adam urges end to speculative actions on cedi
The Minister of Finance, Dr. Mohammed Amin Adam, has issued a caution against speculative activities affecting the Ghanaian cedi, urging individuals to desist from actions that could…
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Plastic manufacturers threaten shutdown over 5% excise tax
Members of the Ghana Plastic Manufacturers Association are threatening to halt production for a week if its request for extensive consultation with the Ministry of Finance on the…
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BoG’s cost of printing money surged to GH₵688.8m in 2023
The Bank of Ghana (BoG) reported a substantial increase in currency issue expenses for 2023, totaling GH₵688.8 million (GH₵688,871,000).
This amount includes an agency fee of GH₵6.1…
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BoG refutes claims it lost $8bn remittances
The Bank of Ghana (BoG) has refuted the assertion that Ghana lost $8 Billion in the last two years due to FinTechs and Money Transfer Operators (MTOs) withholding the country’s foreign…
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Govt raised GH₵3.6bn, Cedi weakens further
The government successfully raised GH₵3.6 billion last week, surpassing its target of GH₵3.55 billion and achieving an oversubscription rate of 1.39%.
This was driven by a surge in…
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Ghana’s debt exchange yields $15bn (GH¢225bn) relief
Principal and interest either cancelled or payment deferred in the government’s debt restructuring exercise amounts to over $15 billion, the equivalent of GH¢225 billion.
This is the…
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