Prime News Ghana

Today's Ghana Business, Banking and Economic news

New law transfers oversight of Cocobod to Agric Minister

A new bill, the Ghana Cocoa Board (Amendment) Bill 2017, which will transfer ministerial oversight over Cocobod to the Minister of Food and Agriculture and reposition the board to deliver the target of producing 1m tonnes of cocoa annually, has been approved by parliament.

GH¢3.3bn of corporate bonds await issuance

Available data on activities on the Ghana Fixed Income Market show that about GH¢3.3bn worth of corporate bonds are outstanding to be issued by nine companies, including the government-owned ESLA Plc.

Gov’t engages lenders over PPAs renegotiation

Government has directly engaged lenders of independent power producers (IPPs) as part of efforts to renegotiate IPPs’ current power purchase agreements (PPAs) and has also offered to refinance IPPs’ outstanding debts at a discount through a designated energy fund.

Audit report on Saglemi housing project ready

The government has handed over the audit report of the Ghana Institution of Surveyors (GhIS) on the Saglemi Housing project to the Criminal Investigations Department (CID) for recommendations, Minister for Works and Housing Samuel Atta Akyea has said.

Judge complains over slow pace of uniCredit case

The judge hearing the suit challenging the Bank of Ghana’s (BoG) revocation of the operating license of uniCredit Savings and Loans Company has expressed her displeasure at the slow pace of the case.

BoG commits US$525m to FX forward market

The Bank of Ghana has since the turn of the year committed at least US$525 million in its forex forward auctions introduced last year as part of reforms to bring stability to the local currency.

Assibey-Yeboah: Agyapa Royalties suspension will boost investor confidence

The suspension of the Agyapa Royalties transaction, pending a corruption risk assessment by the Office of the Special Prosecutor, will be a confidence booster for the country’s prospects on the international capital market, chairman of Parliament’s Finance Committee, Dr. Mark Assibey-Yeboah, has said.