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A Tribunal constituted under the auspices of the London International Court of Arbitration (LCIA) has issued an award in favour of the Bank of Ghana dismissing all claims brought by Sibton Switch Systems Limited (“Sibton Switch”) in relation to the termination by the Bank of the Master Agreement for the …
Read More »IMF transfers US$1 billion into Bank of Ghana’s account
The International Monetary Fund (IMF) has transferred a little over US$1 billion into the Bank of Ghana‘s account as part of a Special Drawing Right (SDR) allocation to support economic recovery. This came to light when the Fund issued a circular showing Ghana was the 4th country to receive the …
Read More »IMF provides US$1 billion in SDR to shore up foreign exchange reserves
The International Monetary Fund (IMF) will on Monday August 23 2021, make resources equivalent to US$1 billion available to Ghana, in the form of a Special Drawing Rights (SDR) allocation. Launched for all countries to respond to the worst peacetime global recession since the great depression, the SDR allocation follows …
Read More »Old Agbogbloshie Market Set To House Ultra Modern District Hospital Under Agenda 111
Cousin of the President, Mr Gabby Otchere Darko has just announced that the government has decided to use the old Agbogbloshie market land as a district hospital under the Agenda 111 project. In a Facebook post sighted by MyNewsGhana.net, a very delighted Mr Otchere Darko said the construction of the …
Read More »VIDEO&PHOTOS: The abandoned Komenda Sugar Factory
JoyNews has released a documentary produced by Joojo Cobinah focusing on the abandoned Komenda sugar factory which has been rusting away since operations halted. The old factory, built-in 1964, became defunct about 30 years ago due to technical difficulties and mismanagement. “He (President Nana Akufo-Addo) promised that he will fix …
Read More »Start planning for retirement at the age of 18 – Group CEO of Old Mutual Ghana, Tavona Biza
Tavona Biza, the Group CEO of Old Mutual Ghana, has in an interview after the ɔbra Pa Retirement Salary stakeholder engagement program held in Accra, advised Ghanaian youth to start thinking of retirement and life after retirement. Speaking after the event which was themed ‘Retiring with Confidence; how to live …
Read More »Scam Alert: EOCO cautions salaried workers
The Economic and Organised Crime Office (EOCO) has cautioned salaried workers on the current scams targeting them. EOCO said it had in recent times received a number of complaints from salaried workers, who had fallen victims to these individuals. A statement issued in Accra, and signed by Madam Faustina Lartey, …
Read More »COCOBOD expects record production of over 1 million tonnes for 2020/21 season
Ghana Cocoa Board expects production to reach 1.06 million tonnes for the 2020/21 season, the Chief Executive Mr Joseph Boahen Aidoo, said on Thursday. He said with six weeks to the end of the season, the Board had recorded 1.033 million tonnes, beating the previous record of 1.024 million metric …
Read More »Golden Star Resources hints at exports from oil palm plantation
The Chief Executive Officer of mining firm Golden Star Resources (GSR), Andrew Wray, has hinted at plans of certifying produce from its plantation – Golden Star Oil Palm Plantation (GSOPP) to allow for increased export prospects and consequently more income for host communities. Established in 2006 under the Alternative Livelihood …
Read More »Brewing tensions arise as strategic investor for Ghana Bauxite Company exits
• A strategic investor at the Ghana Bauxite Company has announced its exit from a mine in Ghana • The Bosai Mineral Group has made a decision to also sell 80% of its stake in the Ghana Bauxite Company Limited • The firm’s exit is due to the non-renewal of …
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