A consultant to the Ghana Alternative Market (GAX), David Tetteh, has advised against the practice wherein companies only approach the capital market as a last resort when they are in distress.
Against the backdrop that access to credit has been the bane of many businesses in the country, he noted...
interest payments to surpass wages and salaries
Ghana’s debt situation is such that out of every cedi collected in taxes by the Ghana Revenue Authority (GRA), 42 pesewas - almost half - is used to pay interest on the country’s debt; taking resources away from critical sectors, analysis by...
Chairman of Africa Business Media Dr. Yaw Akoto has said that Ghana is likely to attract more interest from international oil companies (IOCs) owing to recent developments in the upstream petroleum sector.
“Recently, government signed an exploration contract with the world’s largest oil and gas company, Exxonmobil Corp, to explore...
uniBank unknown to ADB, can only act on proxy
Shareholding in ADB remains unchanged
Belstar et al shares pledged to uniBank
The B&FT on Wednesday March 7, 2018 reported that a consortium of financial institutions which controlled majority shares in Agricultural Development Bank (ADB) had pledged their shares, proceeds,...
Economic analysts at the research desk of Standard Bank, the parent company of Stanbic Bank Ghana, have forecast an improved economic performance and narrowing of the current account deficit in 2018.
Year on year inflation is expected to be around 9.3% as strong base effects from food inflation continue, while...
The B&FT has gathered that, the number of workers to be disengaged by Goldfields Ghana Limited, to be employed by a contractor as Goldfields moves from owner mining, may reduce from the reported 1,500 to around 1,350.
This was contained in a letter sighted by the B&FT, dated March 09,...
Glo Mobile Ghana has launched an aggressive market offer, Glo Yakata into the telecoms market.
The offer, which is exciting in nature, delivers unmatchable benefits to subscribers once they recharge.
its provides exceptionally huge benefits to subscribers on every recharge which include free data, unlimited Glo to Glo calls and free...
The Institute of Fiscal Studies (IFS) has warned that, Ghana risk becoming a distress country if the rising debt stock is checked.
According to the IFS, measures need to be put in place by government to arrest the “seriously worsening” debt situation which portends ill consequences for the economy.
This warning...
The Minister for Defence, Dominic Nitiwul, has sent a very strong signal to illegal miners known in the local parlance as galamsayers, who are polluting the country’s various water bodies, to put an end to their dastardly act or face the full rigours of the law when caught.
According to...