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Finance
Eurobonds holders constitute Committee to engage Ghana
International holders of Ghana’s Eurobonds have constituted bondholder creditor committee in response to Ghana’s announcement suspending certain categories of external debt pending an…
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Suspension of payment of foreign debt to benefit cedi’s rebound
Ghana has suspended debt service payments on certain categories of external debt pending an orderly restructuring of the affected obligations.
This is expected to boost the…
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EOCO probing $1.8bn transferred abroad for imports
but not traceable to any goods imported into Ghana
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Informants help GRA to retrieve $93m and GH₵421m
The Ghana Revenue Authority (GRA) has recovered more than $93 million and an additional GH₵421 million from multinational and local companies operating in the country through its…
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Ato Essien to pay GH₵60m in 1 year in 3 equal tranches
An Accra High Court has prohibited William Ato Essien, Chief Executive Officer (CEO) of the defunct Capital Bank from holding any key position in any bank or financial institution.…
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TUC: Exempt pension funds from debt exchange to avoid strike
The Trades Union Congress (TUC) has given government one-week ultimatum to announce the exemption of pension funds from the Domestic Debt Exchange Programme.
According to the Union,…
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BoG warns against acquiring loans from these 19 unlicensed firms
The Bank of Ghana (BoG) has warned the public to desist from receiving loans from unlicensed loan providers and thus issued a list containing the names of such entities.
The BoG says…
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Debt exchange: GH₵15bn fund to support financial sector
The size of Ghana Financial Stability Fund (GFSF) being established by government with the support of development partners is worth GH₵15 billion.
Encouraging full participation of…
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Ato Essien to pay GH₵32.5m as reparation, restitution and interest
Documents sighted by Newscenta.com indicate that former Chief Executive Officer (CEO) of defunct Capital Bank William Ato Essien has agreed to pay GH₵32.5 million as reparation,…
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Debt restructuring to reduce interest cost burden
Finance Minister Ken Ofori-Atta, will today, December 5, 2023 disclose details of the debt restructuring announced in 2023 Budget Statement and Economic Policy.
Alleviating pressures…
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