ALL POSTS FILED UNDER: GOV’T
Gov’t confesses – Economy in crisis
Add a CommentCONTRARY to government’s denial of a weakening economy, Business Finder can confirm that the same government has admitted difficult economic times to the International Monetary Fund (IMF). A letter to the Fund, dated September 16, 2016 and signed jointly by … Read more →
Gov’t borrows over GH¢600m in 1 month
Add a CommentGOVERNMENT through the Bank of Ghana (BoG) between August and September 2016 increased their borrowing streak to GH¢603.09 million. This was made up of one 3-year bond, one 2-year note and two 1-year notes. According to a circular from the … Read more →
Gov’t overshoots key budget targets
Add a CommentTHE Cedi retreated yesterday after government data showed the West African nation is overshooting key budget targets as it approaches elections in December. The government spent 58 percent of its full-year budget for state-worker pay in the first six months … Read more →
Ghanaians to gov’t – Go for Woyome cash
Add a CommentThere are strong indications that the majority of Ghanaians want the Mahama-led National Democratic Congress (NDC) government to retrieve all monies lost by the state through corruption scandals, especially judgement debts. According to the latest survey by policy think-tank, IMANI … Read more →
Gov’t tricks Teachers
Add a CommentGovernment seems to be employing subtle means to win the votes of trained teachers who have been sitting home without jobs. Many of these teachers have been home for close to a year without being posted [employed] as the government … Read more →
Gov’t admits no cash for salaries
Add a CommentThe government of the National Democratic Congress (NDC) has admitted that it does not have money to pay its workers and therefore has been borrowing from the money market at high interest rates. The situation has caused it to dip … Read more →
Gov’t sued over ECG sale
Add a CommentAn advocate for the protection of public property has filed a suit at the high court seeking to stop the proposed Private Sector Participation (PSP) in Electricity Company of Ghana (ECG) Limited. The plaintiff, Saaka Salia of Kotobabi, Accra, wants … Read more →
Gov’t plans to borrow GH¢25.2bn more loan
Add a CommentGovernment plans to borrow an amount of GH¢25.2 billion (GH¢25,270 million) for the remaining five months of 2016. The amount, which would be borrowed between August and December 2016, will be used to rollover a forecast of maturities to meet … Read more →
Gov’t warned over abandoning IMF deal
Add a CommentSome economists are warning Ghana against any move to abandon its program with the International Monetary Fund (IMF). One of such is a senior lecturer at the University of Ghana, Dr. Lord Mensah who says any such move is likely … Read more →
Govt to issue $1bn eurobond next week
Add a CommentGhana plans to sell Eurobonds of up to $1 billion by next week to fund the government’s 2016 budget and refinance debt repayments due next year, government sources told Reuters on Monday. Ghana is expected to launch the bond, its … Read more →
(Selorm) | 
(Nana Kwesi)