Ghanaian-American US-based prosecutor and Supreme Court attorney, lawyer Ebenezer Appiagyei, has shed some light on the case of socialite Mona4Reall, who recently pleaded not guilty to charges brought against her for a $2 million romantic scam. According to Lawyer Appiagyei in an interview with Frank Ntiamoah Williams, while it was reported …
Read More »Court orders Alex Mould, Gavivina to pay GHC5m bail bond for ‘missing’ Sedina Tamaklo
Alex Mould, a former Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), and Gavivina Tamakloe have been ordered to pay a bond of GHC5 million to the state for failing to produce Sedina Tamakloe Attionu. The sureties, Alex Mould and Gavivina Tamakloe, secured a GHC 5 million …
Read More »I won’t leave until they pay me – 77-year-old sick retiree vows to sleep at GCB over bond refund
Peter Kojo Nyansepe, a 77-year-old retiree has said he will not leave the premises of his bank until he is paid the interest on his bonds when the month ends. The sick bondholder told JoyNews that the returns from his bonds are what he depends on and that he will …
Read More »Government cancels 2-year, 5-year cedi bond issuance due to high yields – Report
The Government of Ghana has rescinded its decision on the issuance of the 2-year cedi and 5-year cedi dominated bonds, a Joy Business report has said. According to the portal, the cancellation comes after bonds were initially issued back in May and March this year and were re-opened to both …
Read More »Government misses bond raising target again by 28%
For a third consecutive month, in May 2022, dampening liquidity conditions on the money market continued to weigh on government’s auction target as GH¢6.43billion target size was missed. A total amount of GH¢4.60 billion was raised from the market during the month under review, indicating a shortfall of 28 percent …
Read More »Ghana to issue its first ever zero coupon bonds
In its latest attempt to use non-conventional means to ease its dire fiscal predicament, Ghana` is attempting to issue zero coupon bonds for the first time. This involves issuing bonds on which no interest will be paid until the bond mature – in Ghana’s proposal, after four years. It …
Read More »Ghana plans to issue US$3.9 billion in bonds in first quarter
Ghana plans to issue GH¢22.3 billion cedis (US$3.9 billion) worth of bonds in the first quarter according to the finance ministry’s issuance calendar seen on Monday. It said GH¢19.7 billion cedis would be used to roll over maturing bonds, while 2.6 billion is fresh issuance to meet the government’s financing …
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