The National Petroleum Authority (NPA) has revealed that the initial 40,000 tonnes of diesel that arrived in January under the Gold-for-oil policy were valued at US$40 million. The clarification by the NPA comes after several calls by industry experts including the Institute of Energy Securities for the government to provide details on how much it […] The post Gold-for-oil:
Pensioner Bondholders Forum, a group fighting for the protection of the pensioners who have invested in government bonds has vowed to picket at the premises of the Finance Ministry until its members are exempted from the Domestic Debt Exchange Programme (DDEP). The group in a statement explained that attempts to have their investment exempted from […] The post Pensioners to
Some 11 out of 27 Oil Marketing Companies (OMC) that benefitted from the Gold-for-Gold policy have failed to reduce the prices of their commodities, Dr Amin Adam, the Deputy Minister for Energy has said. The situation, he said had been a setback on the policy intended to improve the supply of the commodity, positively influence […] The post Gold-for-Oil: 11 OMCs
The king and Overlord of Gonja, Prof Tuntunba Boressah II has died. The death of the 90-year-old king was announced by the Registrar of the Savannah Regional House of chiefs Abutu Kapori to Citi News at the Jakpa Palace on Sunday. Boressah II who was the president of the Savannah Regional House of chiefs died […] The post Overlord of Gonja Kingdom Yagbonwura Tuntumba
The Member of Parliament for Jomoro, Dorcas Afo Toffey and residents of Jomoro have petitioned the Inspector General of Police, George Akuffo Dampare, over the death over the death of Shadrach Aloo at the West Hills Mall. Aloo, an Nzema native from Jomoro allegedly died as a result of injuries sustained from police brutalities at […] The post Jomoro MP, constituents
Ghana plans to convert an estimated 40 billion cedis ($3.3 billion) of loans owed to the Bank of Ghana into bonds, making the Central Bank the single largest holder of domestic government securities and exposing it to the ongoing debt restructuring process. According to people familiar with the matter, the bonds will be issued by […] The post Government to securitize $3.3bn
President Nana Addo Dankwa Akufo-Addo on Friday urged Germany to “encourage” China, an ad hoc member of the Paris Club, to support Ghana’s debt restructuring efforts. He said it was critical that the Paris Club swiftly establishes, with the participation of other official creditors, a creditors committee, to support the efforts that would enable Ghana […] The post Beg
President Nana Addo Dankwa Akufo-Addo on Friday urged Germany to “encourage” China, an ad hoc member of the Paris Club, to support Ghana’s debt restructuring efforts. He said it was critical that the Paris Club swiftly establishes, with the participation of other official creditors, a creditors committee, to support the efforts that would enable Ghana […] The post Encourage
The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII has called for the privatisation of the Tema Oil Refinery (TOR) as a means of dealing with the perennial challenges that affect the company. Speaking on the Big Issue on Citi TV, Nana Amoasi VII expressed concern that the government was moving […] The post Privatise TOR to make it productive – IES
South African Deputy President David Mabuza resigned, clearing the way for Paul Mashatile, the new deputy leader of the governing African National Congress, to succeed him. Speaking at a family funeral in the northeastern Mpumalanga province, Mabuza said he had informed President Cyril Ramaphosa that he had resigned and was making space for Mashatile. His […] The post South
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