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Government will in the first quarter of 2017, borrow 17,400.00 million cedis through bonds and treasury bills and other government securities. The cash will be used rollover forecast maturities, meet Government’s financing requirements and build buffers for liability management. Of this 15,504.43 million cedis will be used to rollover forecast...
Information reaching Class News indicates that the Tema Oil Refinery (TOR) has sacked over 200 casual workers as part of a retrenchment exercise.Many more casual workers, according to sources familiar with happenings at TOR, are to go home.Though no official reason has yet been given for the move, the...
President Nana Addo Dankwa Akufo-Addo has revealed his government has saved Gh¢800 million from restricted tenders. Delivering the 2018 State of the Nation Address in Parliament on Thursday, February 08, 2018, he revealed that in 2017 there were 346 Requests for Restricted Tenders, and 167 (48%) were approved, and 179...
General Secretary of GAWU, Edward Kareweh The General Agricultural Workers’ Union (GAWU) has cautioned government against taking a unilateral decision on the producer price of cocoa. According to GAWU, government must follow due process if it wants to review the producer price of cocoa downwards. Government last year maintained the producer price...
Mrs. Rebecca Akufo-Addo, First lady of the Republic today called on the corporate community to assist Ghanaian artists to grow and maximize their inherent potential. Herself a great enthusiast of diverse works of art, Mrs. Akufo-Addo believes this “will promote interest in arts, boost the morale of artists and...
The Institute for Energy Security (IES) has projected that fuel price will go up by 2.5 per cent in the second pricing window of April, barring any intervention from government.“Guided by the fundamental indicators such as rise in price of Gasoline, Gasoil and Brent crude on the international oil...
Parliament has approved a loan facility of 1,300,000,000 dollars, an equivalent of 5.850 billion cedis, for the purchase of cocoa beans. Presenting the report of the Finance Committee to Parliament, the Chairman Mark Asibey Yeboah told the house that the 1.3 billion dollars trade finance facility is to assist COCOBOD...
Managing Director of the Bulk Oil Storage and Transportation Company (BOST),has filed a writ at Accra High Court against the Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah for defamation. Mr. Alfred Obeng is seeking to restrain Executive Secretary for the Chamber for Petroleum Consumers (COPEC) from further...
The producer price inflation has fallen from 6.0 percent in March to 4.8 percent. This means the cost of production for industries has seen a significant stability during the period. The stability of the Cedi has been identified as the major cause for the fall. The year-on-year producer inflation for...
The Managing Director of Electricity Company of Ghana (ECG), Samuel Boakye-Appiah, says the Public Utility and Regulatory Commission (PURC) tariff review will be implemented effective (Today) March 15.Speaking at a press briefing in Accra on Wednesday, Mr. Boakye-Appiah said the monthly billing cycle of the prepayment metering system does...
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