The Daily IIJ

The Africa Finance Corporation (AFC) and Cenpower Generation Company Limited, a local independent power producer have joined forces to develop an independent power plant that will produce 340 megawatts of power, by the close of next year.

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Databank Economic Research has forecast a strong performance for the cedi; it is expected to appreciate against all major trading partners this year. The Ghana-based Investment and Research Bank has forecast that the cedi will appreciate against the US dollar by 1.5%, against the euro by 11.2% and against the pound sterling by 9.6% in 2010. [...]

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Steady rise in investor confidence in the economy is lending support for increasing liquidity within the bonds market, giving fresh hope for long-lasting decline in interest rates. Results from the second issue of the Government of Ghana three-year fixed rate bond has shown that there has been another oversubscription – this time to the tune [...]

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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 [...]

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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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