Power Distribution Services Limited (PDS) has said it is “carefully weighing its options” as far as its response to the Government of Ghana’s termination of its power distribution deal with the private firm, adding that it “continues to reserve all its rights under the transaction agreements and applicable laws to …
Read More »Don’t panic, we have enough dollars to stabilise the cedi – BOG to banks
The Bank of Ghana, BOG has asked market players not to panic because they have adequate dollars to stabilize the cedi. The BOG gave the assurance in a circular issued to all commercial banks in the country. According to Joy FM’s report, the circular could be seen as the fresh …
Read More »Govt explains why it introduced Ghc100, Ghc200 Cedi notes
The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghc100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation …
Read More »What you need to know about new GH¢100, GH¢200 banknotes, GH¢2 coin
The Bank of Ghana on Friday November 29, 2019, introduced two new high denominations. They are the GH¢ 100 and GH¢ 200 Banknotes. The Central Bank also introduced a new GH¢ 2 coin. Why The New Notes? According to the Central Bank, high levels of inflation currency depreciation in the …
Read More »What you need to know about new GH¢100, GH¢200 banknotes, GH¢2 coin
The Bank of Ghana on Friday November 29, 2019, introduced two new high denominations. They are the GH¢ 100 and GH¢ 200 Banknotes. The Central Bank also introduced a new GH¢ 2 coin. Why The New Notes? According to the Central Bank, high levels of inflation currency depreciation in the …
Read More »GUTA refuses engagement with Nigerian traders in Ghana
The Ghana Union of Traders Association (GUTA) has expressed its unpreparedness to engage with Nigerian traders in Ghana following the name-calling it has been subjected to by the latter. GUTA said members of the Nigerian Traders Association, Ghana (NUTAG) have at every opportunity hurled insults at them over their insistence …
Read More »Bank of Ghana introduces GH¢100, GH¢200 notes and GH¢2 coin
The Bank of Ghana (BoG) has introduced new higher denominations. They include a GH¢ 100 and GH¢ 200 banknotes. It has also introduced a GH¢ 2 coin. Governor of the Central Bank, Dr. Ernest Addison, launched the new notes and coin on Friday, November 29, 2019. BY Melvin Tarlue
Read More »No 1 Oxford Street Hotel and Suites celebrates opening with 25 Days of Christmas
No 1 Oxford Street Hotel and Suites is a 5 star luxury hotel and suites, offering a hospitality experience unlike any other found in the city of Accra. To celebrate the upcoming soft opening, they will be giving away a gift every day from the 1st to the 25th December …
Read More »300 Companies bid for 43 cocoa roads
Three hundred construction companies have submitted bids to the Ghana Cocoa Board (COCOBOD) for the construction and rehabilitation of roads in cocoa growing communities nationwide. The firms are competing to be selected as contractors for the first phase of the cocoa road projects, which resumed this year after it was …
Read More »GRIDCo to disconnect power to VALCo in December
The Ghana Grid Company Limited (GRIDCo) on Thursday announced that it will disconnect power to the Volta Aluminum Company Limited (VALCO) on December 30 because of a $30million debt owed it. The management of the power transmission company said VALCO’s debt and that of Electricity Company of Ghana, and Northern …
Read More »