The Daily IIJ

The Bank of Ghana (BoG) is to set up an online secondary trading platform for government securities this year. The platform expected to become operational  before the end of the year will constitute the completion phase of the Central Securities Depository (CSD)  project of the Bank implemented last year. Mr. Francis Kwabena Andoh, Head of [...]

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Farmers groups in the Tano North and South Districts of the Brong Ahafo Region of Ghana have called for a review of the Minerals and Mining Act 2006 (Act  703) in order to make clear cut provisions on what should constitute compensations, made by mining companies to affected parties  within a mining community.

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A set of technical codes that would hence forth guide the activities of both private and public electricity power producers , to ensure reliable, safe, secure transparent, and cost efficient delivery of electrical energy has been introduced by the Energy Commission.

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The GHC200 million 3-year bond issued by government at  a 19 percent yield, to raise development resources as well as deepen the bonds market has been oversubscribed by 97.7 percent. Total bids received for the week’ offer which closed on January 14 came to GHË395.39 million of which GHË310.89 million were allotted, representing 55.4 percent [...]

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Incoming Governor of the Bank of Ghana, Mr. Kwasi Amissah-Arthur was officially introduced to the media last week Wednesday by the outgoing Governor, Dr. Paul Acquah  in a move that has been described as a smooth transition of power at the central Bank.

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Bank of Ghana’s (BoG’s) prime rate was last week Wednesday maintained at 18.5 percent, the third consecutive time in the year since the rate gained one percentage point in February to five-year high.
The decision of the Monetary Policy Committee (MPC) of the Bank of Ghana reflects a general assessment by central banks in the region [...]

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Deputy Minister of Finance and Economic Planning, Mr. Seth Tekpeh has denounced notions held by segment of the public that the new administration that assumed reins of the country from the beginning of the year is an anti-growth government.

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An estimated 34 percent of annual mineral exports, currently enjoyed by foreign firms and expatriates providing mining services in the country could revert to the locals if they take steps to provide these services, Ghana’s minerals managing body has said.

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Civil society groups (CSOs) working on finance, trade, investment and economic development in Africa have called on African governments to be innovative and not haste into clinching International Monetary Fund (IMF) programmes to deal with the challenges posed by the current global economic crisis.

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The Monetary Policy Committee (MPC) of the Bank of Ghana last week said the government’s economic policies have begun to yield the expected results.
“There are initial signs that the policy framework is beginning  to work. Initial data for the first half of the year point to some degree of unwinding in both the fiscal and external imbalances, some  softening [...]

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