Today's Ghana Business, Banking and Economic news

The Ghana Export Promotion Authority (GEPA) has launched a nation-wide campaign to achieve its targeted $10 billion in the country’s export value by 2021.

Tullow Oil’s Executive Director, Paul McDade has confirmed that the proposed shutdown of the Jubilee FPSO vessel is likely to extend beyond 2018.

The Bank of Ghana has rejected rumors of a proposed merger, or acquisition deal of the National Investment Bank (NIB) by GCB Bank Ltd.

Vodafone’s subsidiary and operator of the mobile telecommunications company in the country – the National Communications Backbone Company (NCBC) has cleared 30% of its tax arrears owed to the Ghana Revenue Authority (GRA).

The Bank of Ghana has announced that it is giving two of the country’s distressed banks until September this year to improve on their financial position, or else face liquidation.

The South-African owned multinational telecommunications company – MTN Ghana has disclosed that about 3.4 million of its inactive subscribers have been deleted.

Following the impressive performance of the stock market last week, investors have maintained a positive outlook of the Ghanaian market, resulting in a higher flow of investments to the country’s equities.

Former Finance minister, Seth Terkper has predicted that the NPP government will miss its budget deficit target for this year.

Following the meeting of the country’s central bank Monetary Policy Committee (MPC), the Bank of Ghana has for the fourth time this year reduced its monetary policy rate.

Current figures from the Bank of Ghana (BoG) indicates that the country’s total public debt as at May 2017 hit GH₵137.2 billion and as a result, the latest debt-to-GDP ratio is now at 67.5%.

Ghana’s government has disclosed its plans to issue a Ghc300 million three-year bond during this third quarter.

The Chamber of Petroleum Consumers (COPEC) has named PUMA as the best price energy company in Ghana for the year 2017.

The Ghana Investment Promotion Centre (GIPC) has launched the 16th edition of the Ghana Club 100 (GC) Awards in Accra on the theme: “Industrialisation: A Tool for Job Creation and Accelerated Economic Development.”

The government of Ghana has announced that it is developing a Public Petroleum Register which will come into effect by the end of this year - 2017.

Ghana’s Senior Minister has expressed the view that the $15 billion dollar resource-exchange deal with the Republic of China is the best way to support the government in achieving its developmental programs.