Today's Ghana Business, Banking and Economic news

Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank has said.

Government has failed to meet its initial target for the bond sale aimed at raising funds to finance the energy sector debt that has taken a toll on some state-owned enterprises as well as banking institutions in the country.

In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself.

Mobile Money operator, MTN, has sanctioned 3,000 mobile money agents allegedly caught in mobile money fraud in the last three months.

Ghana’s banks has lost over 10 million customers as of last quarter of 2017.

Government has directed for the re-registration of all SIM cards and mobile money accounts as part of moves to fight mobile money fraud in the country.

It is quite clear that the government of this country alone cannot meet the needs of all its citizens. Unfortunately, every citizen expects the government to solve every little problem even in their communities.

Bids for an inaugural GH¢6 billion energy bond being issued by Ghana will close on Friday, a day later than scheduled, due to high investor interest, transaction arrangers said on Thursday.

GCB bank Limited shareholders have appointed four new members to its current board of directors.

Government has cleared about 185 companies for participation in its ongoing implementation of the one-district-one-factory initiative.

Domestic debt restructuring –particularly, the issuance of a Ghc10 billion bond will save the country about Ghc50 billion annually from its implementation.

The Chartered Institute of Marketing, Ghana is poised to involve stakeholders in devising ways to promote development and societal change through marketing with its annual conference.

The Ghana Education Service has published postings for the latest batch of graduate teachers from the training colleges across the country.

The National Petroleum Authority as part of measures to clamp down on fuel smuggling in the country has confiscated 15 trucks which found to be engaging in the illegal act.

MTN Ghana has refuted claims that its staff are involved in the recent rise in mobile money fraud cases that have hit the country.