Members of the Public accounts committee were at loggerheads today at the Committee’s sitting over the demeanour of an auctioneer of the Ministry of Food and Agriculture. The PAC members’ attention were drawn to some unpleasant discussions on going on social media by MP for Ningo-Prampram, Sam George, about the reaction of the auctioneer, Alex … Read more
The Bank of Ghana has cleared the air on the controversial $2.25billion bond it issued last week saying it was done in a rather transparent manner, contrary to accusations from the opposition National Democratic Congress (NDC) that it was done in secrecy. This comes at a time the NDC insists the issuance was done in … Read more
The Bank of Ghana(BoG) has cancelled the auctioning of dollars to banks in the country. The central bank in January this year announced plans to release $120 million onto the market for the first quarter of this year as part of its plan to help stabilize the cedi. The auction which was restricted to licensed … Read more
Sources say four bidders have so far expressed interest in the stone found by a Christian pastor Sierra Leone has called off tomorrow’s scheduled auction of the 709-carat diamond – the world’s largest uncut diamond – found in March in the eastern Kono district. Presidential spokesman Abdulai Bayraytay told me that the new date was … Read more
A 10-year-old bright red Ferrari that was owned by Donald Trump went on the auction block in Florida on Saturday and sold for $270,000, auctioneers said. Bidding for the 2007 Ferrari F430 F1 Coupe was expected to be between $250,000 and $350,000, Bloomberg reported. On the Fort Lauderdale auction block, at which ‘Hail to the Chief’ … Read more
A telephone used by Adolf Hitler during World War Two is to be auctioned in the US this weekend. The red phone, which has the Nazi leader’s name engraved on it, was found in his Berlin bunker in 1945. Soviet soldiers gave it to British Brg Sir Ralph Rayner as a souvenir shortly after Germany … Read more
A little over a year ago, the telecoms industry of this country witnessed what could be described as a fierce fight from a hurriedly-constituted group of about ten local companies calling themselves the Ghana ICT Chamber against the move by the previous government to auction two slots in the 800MHz spectrum band compatible with 4G … Read more
A little over a year ago, the telecoms industry of this country witnessed what could be described as a fierce fight from a hurriedly-constituted group of about ten local companies calling themselves the Ghana ICT Chamber against the move by the previous government to auction two slots in the 800MHz spectrum band compatible with the … Read more
An economist, Dr. Lord Mensah, has said the auctioning by the central bank of part of the US$1.8 billion cocoa syndicated loan proceed could impact negatively on the local currency. His argument stems from the fact that commercial banks are likely to bid for the dollar above the current interbank rate of GH¢3.98, which could … Read more
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess pressure on the banks. “You could clearly that the move by the central bank is to try to influence the banks’ rate in … Read more
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess pressure on the banks. “You could clearly that the move by the central bank is to try to influence the banks’ rate in … Read more
The Bank of Ghana (BoG) will from this Wednesday, November 30 start selling part of the $1.8 billion dollar cocoa loan to commercial banks. The Central Bank to this end has released regulations for interested banks and the calendar to guide the auction. The Bank of Ghana in a notice said only those who are … Read more