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Business (479)

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Currency analyst, Derick Mensah, is confident inflows from the cocoa loan syndication would help stabilize the Ghana cedi currency.




The IMF Board is expected begin meeting Monday to find out how Ghana has fared under the three-year bailout programme.

Wednesday, 19 August 2015 08:34

Gov’t to borrow Gh¢25.3bn from investors

Between July and December, this year, Government intends to grab a whopping GH¢25.328 billion from investors both local and abroad in borrowings.

The nation has in the last fifteen years wasted close to half a billion dollars on three thermal power projects that have delivered no power whatever, at a time when between 500 and 600megawatts of power are being shed, Kwaku Awotwi, former VRA boss, has said.

Financial analyst, Sydney Casely Hayford claims the Bank of Ghana doesn’t know exactly what is wrong with the Ghanaian currency, the cedi, which results in it’s continuous depreciation against the major trading currencies.

Thursday, 06 August 2015 14:53

Tomato Factory Opens

President John Dramani Mahama yesterday inaugurated the tomato paste processing factory of Conserveria Africana Ghana Limited, importers of Gino and Pomo brand in Ghana.

Finance minister Seth Terkper has downplayed fears over the rejection of a loan request from Ghana by China.

Parliament on Wednesday approved a loan agreement of $1.8 billion for the Ghana Cocoa Board (COCOBOD) to purchase cocoa beans for the 2015/2016 crop season.

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