President Akufo-Addo will later today, Monday, open a 2-day national conference on the implementation of the Africa Continental Free Trade Agreement (AfCFTA) in Accra.
The Bank of Ghana, BoG has responded to claims of Groupe Ndoum that the Central Bank decision to revoke the licence of GN savings & loans was inappropriate.
The Bank of Ghana, BoG last Friday revoked the licences of some 23 savings and loans companies which it said were insolvent and could no longer meet the obligations of customers.
Fears of a brewing global recession were renewed this week as markets whipsawed over President Donald Trump's trade war with China as well as disappointing economic data from both Germany and China.
Dr Charles Wereko-Brobby, a former Chief Executive Officer of the Volta River Authority (VRA) has attributed the collapse of some 23 savings and loans companies to the lack of supervision from the Bank of Ghana, BoG.
The Bank of Ghana, BoG has said funds are available to pay customers of the 23 finance houses and savings and loans companies whose licences were revoked today.
The Bank of Ghana, BoG has with immediate effect revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies.
The cost of shipping is set to increase by about 20 percent worldwide from 1st January 2020, when the full implementation of the International Maritime Organization 2020 Sulphur Cap regulations takes effect.
