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Business (479)

Business News

Finance Minister Seth Terkper has played down fears that the government’s expenditure in 2016, which is an election year, will dislodge its economic stability programme with the International Monetary Fund (IMF).

Thursday, 26 February 2015 16:34

Ghana, IMF agree on $1b bailout deal – Report

Ghana reached an agreement with the International Monetary Fund (IMF) on Wednesday for a three-year aid deal worth around $1 billion aimed at restoring fiscal stability to the country, a source close to the talks told Reuters.

The French ambassador to Ghana Frederic Clavier has revealed that a delegation of 50 investors from France is expected in the country in April.

Dr. A.D.A. Laryea, Senior Lecturer at the Economics Department of the University of Ghana, on Tuesday said Ghana needs serious reforms to restore some growth back to the economy.

A Senior Lecturer at the Economics Department of the University of Ghana, Dr. Albert Laryea says until government reduces the country’s deficit and remain competitive as an economy, there will be no exchange rate stability.

Tuesday, 24 February 2015 10:48

Ghana Gas Company to cut supply to VRA

The CEO of Ghana Gas Company, George Sipa Yankey ,has revealed that the company may be forced to cut off supply of gas to the Volta River Authority (VRA) as a result of the breakdown of the compressor that is used to channel gas from the Jubilee Oil Fields to the Atuabo Gas Processing Plant.

Thursday, 19 February 2015 16:39

New Kotoka airport terminal to begin March

The Ghana Airports Company Limited (GACL) is to begin construction of a third terminal, to be known as Terminal Three, at the Kotoka International Airport by March 2015, B&FT sources have said.

The Minister of Trade and Industry, Dr Ekwow Spio-Garbrah, said the IMF bail-out alone could not get Ghana out of its current economic challenges unless it was accompanied by other assistance.

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