The Agricultural Development Bank (ADB), has completed a private placement which is the issuance of shares to chosen investors, to attract some 127 million cedis into its operations to help it recapitalize.
The government of Ghana has signed commercial deals with UK firms worth more than GH¢2.35 billion for some five projects including an upgrade of the Kumasi Airport and Kumasi Teaching Hospital in the Ashanti region.
An economist and the Dean of the School of Business at the University of Cape Coast, Professor John Gatsi says the mandate given to the Forex Development committee to probe the cedi depreciation is inconsistent with the mandates of Bank of Ghana, BoG.
The ARB Apex Bank Limited has advised boards and managements of Rural and Community Banks (RCBs) to strengthen their internal control systems and adhere strictly to sound governance standards to guarantee their survival.
British Prime Minister Boris Johnson and Ghana's President Akufo-Addo are expected to sign a £40m agreement this week which will see the construction of a new terminal as part of the upgrade of the Kumasi Airport.
Dr Muazu Ibrahim of University of Development Studies, UDS School of Business and Law says the management of the Cedi under Akufo-Addo and Dr Bawumia has been the best for any first three years of any government within their first term since 1992.