A financial expert, Dr. Carl Odame-Gyenti, has justified the need for the country to monetise its gold royalties, explaining that it will help reduce Ghana’s heavy budgetary risk.
Ghanaian businessman, Dr. Kofi Amoah has expressed doubt that Ghana’s economy will be able to grow exponentially, owing to the country’s excessive borrowing and the poor management of borrowed funds.
With a public notice titled “All goods things must come to an end”, management announced that “Coco Lounge, Urban Grill and Carbon are closing their doors for the last time as of today, 28th March 2021” – bringing fine dining, world-class entertainment experience and established brands to a surprising end.
Government has released the much-awaited domestic borrowing calendar for the second quarter of 2021, with about GH¢4.13bn of fresh securities to be issued to meet government’s financing requirements during the period.
Amid accelerated digitalisation, MTN has committed to spend US$149 million in total capex in the year to meet the demand of digital services and help maintain the quality and availability of service for its data and Mobile Money customers.
The central bank is projecting that the lingering effects of the pandemic are likely to have a mixed impact on three of the major commodities – gold, oil and cocoa – that determines the direction of the country’s trade balance.
Investors in the domestic debt market are facing uncertainties this quarter, as the market is still awaiting the Treasury’s issuance programme for April to June.
