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.
The value of Ghana’s total exports decreased to 9.6 billion dollars in the first eight months of 2020, from 10.6 billion dollars recorded in the same period last year.
The Ministry of Finance has served notice that the government will not proceed with the Initial Public Offering, IPO of the Agyapa Royalties deal until the Special Prosecutor concludes ongoing corruption risk assessment on it.
Tullow Ghana Limited, TGL, operator of the Jubilee and Tweneboa, Enyenra and Ntomme, TEN fields, has announced that the country has reached a milestone with 300 million barrels of oil production from the Jubilee field.
A former CEO of Chamber of Mines, Dr. Tony Aubyn has called on indigenous mining entrepreneurs to venture into uncommon areas such as bauxite, manganese and iron ore in order to optimise the potential in those sectors.
Ghana will cement its position as West African’s automotive production hub in the coming years, according to Fitch Solutions, a research arm of ratings agency Fitch.