Scancom Plc, operators of MTN Ghana Limited have withdrawn their legal action against the industry regulator, the National Communications Authority, NCA.
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.
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.
The Special Prosecutor, Martin Amidu has blamed the Deputy Finance Minister, Charles Adu Boahene for the noncompletion of Agyapa Royalties deal corruption risk assessment.
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.
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.
When news broke about the appointment of Mrs Kakra Duffuor-Nyarko as the new Chief Executive Officer (CEO) of StarLife Assurance Company Limited in January 2019, there were scintillas of joy inside and outside the insurance industry.
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.
The increasing number of companies delisting from the Ghana Stock Exchange, GSE has been attributed to the failure of the companies to deliver dividends as well as share price appreciation.
The Bank of Ghana says it is working to bring on board lenders outside the banking sector in an effort to expand the existing credit referencing database.
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.
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.
