BUSINESS

The Securities and Exchange Commission (SEC) has issued a stern warning to the general public especially investors against the operations of an entity called PBAY Limited. According to the commission, the said entity is “purporting to be able to facilitate the payment of customers locked-up funds with some SEC regulated market operators whose licenses have been revoked in return for ...

The Securities and Exchange Commission (SEC) has launched an engagement series dubbed, “Time with the Commission” to drive closer partnerships with the investing public and other market operators in the capital market. The initiative forms part of the Commission’s mandate of regulating, innovating, and promoting the growth and development of an efficient, fair, and transparent securities market in which investors ...

The International Monetary Fund (IMF) has debunked claims that Ghana has been classified as a Highly Indebted Poor Country (HIPC) based on data on its website. A statement by the IMF indicated that the recent update of Ghana’s debt-to-GDP ratio has NOT triggered any decision or action by the institution. The response follows claims on Social Media on Tuesday that ...

Bharti Airtel’s board on Wednesday cleared the sale of its Ghana joint venture –AirtelTigo- to the government of Ghana, and is taking an impairment charge of Rs184.1 crore for the transaction. “The parties are in advance stages of discussions for conclusion of the commercial agreement for the transfer of AirtelTigo on a going concern basis to the Government of Ghana,” ...

Finance Minister Ken Ofori-Atta has said the government will not hesitate to step in to tackle any challenge that may rear its head in the banking sector that can lead to economic downturn again. He told TV3’s Etornam Sey in an exclusive interview on Monday October 26, 2020 that the financial sector is the heart beat of every economy globally. A weak ...

Finance Minister Ken Ofori-Atta has described the projections made by the International Monetary Fund (IMF) regarding Ghana’s debt situation as merely statistical. He told TV3’s Etornam Sey in an exclusive interview on Monday, October 26 that the government of Ghana was not too concerned about the debt because attention was focused on spending the funds to protect Ghanaians against the ...

The first step towards bringing the fiscal deficit down from a targeted 11.8 percent of Gross Domestic Product for 2020 to 9,4 percent for 2021 will be taken on Wednesday, October 28 as the Finance Minister, Ken Ofori-Atta presents an appropriation bill to Parliament This is the traditional practice in Ghana preceding general elections every four years; because the incumbent ...

Dean of the Business School at the University of Cape Coast (UCC) Professor John Gatsi has dismissed comments by Finance Minister Ken Ofori-Atta suggesting that the projections made by the International Monetary Fund (IMF) regarding Ghana’s debt are merely statistical. Ken Ofori-Atta told TV3’s Etornam Sey in an exclusive interview on Monday, October 26 that the government of Ghana was not too concerned ...

Minister of Information, Kojo Oppong Nkrumah, has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). According to him, the numerous publications making rounds on social media purporting that the country has returned to HIPC is false. Speaking at the Nation Building Updates on Tuesday in Accra, the Minister noted that ...

An Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, says Ghana’s return to HIPC (Highly Indebted Poor Country) is not surprising. The World Bank has listed Ghana in the Category of the Highly Indebted Poor Countries on its website. A report projects Ghana’s debt to GDP which currently stands at 68.3% will hit 76.7% ...