The prospects of Agyapa Royalties, the company set up by government to leverage the country’s future gold royalties for half a billion dollars on the London Stock Exchange, are uncertain as pressure mounts on government to abandon the planned initial public offering (IPO).
Ghana is likely to experience dumsor as the Chamber of Independent Power Producers, Distributors and Bulk Consumers has served notice of its intent to withdraw services to the Ghana Grid Company, GRIDCo.
Ghana through their Ministry of Food and Agriculture has banned the importation of poultry products from Netherlands, Germany, Russia, Denmark and the United Kingdom.
The Institute of Directors Ghana will soon outdoor a National Corporate Governance Code that will lead to good corporate governance culture and avert potential corporate failures.
Parliament has enacted the Bui Power Authority (Amendment) Bill 2020 to empower the Bui Power Authority to develop renewable energy and other clean energy alternatives in the country.
The Former Chief Executive Officer (CEO) of defunct UT Bank, Prince Kofi Amoabeng, says the high level of non-performing loans contributed significantly towards the bank's collapse.
For Africa, the COVID-19 pandemic will likely mean negative GDP growth at unprecedented rates. In addition, several African countries are dealing with the aftermath of a commodity price collapse – another key contributor to current recessionary trends.
Economist Dr. Lord Mensah says the recent warning sounded by the International Monetary Fund (IMF) over Ghana’s rising debt levels could lead to investors demanding higher yields on the government’s planned Eurobond issuance scheduled for early 2021.
Government will from today begin the process to roll over maturing two-year cedi-denominated treasury notes with the opening of the order book to resident and non-resident investors, according to a notice published by the Bank of Ghana.
