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High fiscal deficit unattractive for long term bonds – Razia Khan

Government would have to work to reduce its fiscal deficit in the short to medium term else risk investment ditching its long term bonds. This is the caution from the Chief Economist for Africa Global Research at Standard Chartered Bank, Razia Khan. According to her, the government would need to readjust its debt management strategy at the point where it ...

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Maritime dispute: Tullow to develop more oil fields after ruling

Tullow Ghana has reiterated it intends to develop additional oil wells progressively and maintain production at the optimum. Speaking at a media briefing in Takoradi, the managing director of Tullow, Charles Darku, revealed that Tullow intends to develop more wells after the International tribunal for the law of sea ruling in the maritime boundary dispute between Ghana and Ivory Coast ...

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GHANA LIAISON GROUP VISITS NEWMONT GOLDEN RIDGE LIMITED

The Ghana Liaison Group made up of personnel from the Environmental Protection Agency(EPA),Minerals Commission,and Ghana Water Reserves Commission have visited the eight Newmont catchment areas.Thus OldAbirem ,Mamanso, New Abirem , Afosu, Adausena, Hweakwae, New Amanfrom, (Yayaaso) and Ntronang all in the Birim North District of the Eastern region. The visit was to meet the chiefs and communities to assertain whether ...

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UT Bank takeover won’t affect pensions – NPRA assures trustees who appointed defunct bank

The National Pensions Regulatory Authority (NPRA) has assured trustees who appointed UT Bank as their Custodian that their Pension Funds will not be affected by the takeover. NPRA said the current purchase and takeover by the GCB Bank and subsequent withdrawals of their license by the Bank of Ghana would, in no way, affect contributions of trustees. A statement issued ...

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Fertilizer plant to be sited at Jomoro – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has revealed that his government, through the Ghana National Petroleum Corporation (GNPC) and the Ghana National Gas Company (GNGC), will soon establish a fertilizer plant at Jomoro, in the Western Region. According to President Akufo-Addo, the establishment of this plant will mean the fulfilment of his pledge to set up a factory in the Jomoro ...

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We don’t accept deposits – MenzGold to BoG

Menzgold Company Limited has denied claims by the Central Bank that it receives deposits from its customers. According to the gold buying and trading firm, their operations are legal and covered by the license they received from the Ghana minerals commission. The Second Deputy Governor of the Bank of Ghana, Dr. Johnson Asiamah, on Tuesday told the Public Accounts Committee ...

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Firms from USA, Germany, Switzerland, China have submitted proposals for Western rail line – Minister Source: http://3news.com/firms-usa-germany-switzerland-china-submitted-proposals-western-rail-line-minister/

The Minister for Railways Development, Joe Ghartey, has assured that before the end of President Akufo-Addo’s mandate in 2020, the rehabilitation and construction of the Western rail line would be completed. This, according to the Essikado-Ketan MP, is in fulfilment of the pledge made by President Akufo-Addo and captured in the New Patriotic Party’s manifesto of 2016. The Minister for ...

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Some Ghanaians dissatisfied with management of $3.4bn oil revenue

Participants at a forum on management of petroleum revenue in the Ashanti Region have expressed disappointment over the management of Ghana’s oil revenue for the past six years. According to them, they are yet to feel the impact of the 3.4 billion dollars accrued from oil since 2011 in their communities. They want government to use the oil money to ...

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RSML, others projected to make $1billion in Mandatory tow contract

Road Safety Management Ltd, its allied companies implementing the controversial mandatory towing levy, could bag $1billion by the end of the contract. Award-winning social innovator and founder and president of mPedigree Bright Simons in an article ‘Towing Tax: The Lowdown‘ breaks down the RSML’s 20-year contract with government explained, the company could bag at least $20m annually, in the deal.   But ...

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