The Ex-deputy Power Minister John Jinapor has said the erstwhile National Democratic Congress was on track to clear the energy sector debt which stood at $2 billion just before they handed over power. Jinapor said the Mahama led administration put in place better reforms including the imposition of the energy sector levy as a master … Read more
Most of the regularly traded financial stocks are recovering from two consecutive years of battering occasioned by a harsh macroeconomic environment which wiped billions off their worth. The stock market is, thus, set for revival, as analysts anticipate the return of investors who leaned towards government securities over the past two to three years. Already, … Read more
Non-performing loans are set to reduce further downwards The Central Bank is optimistic non-performing loans will witness some significant decline in the next few months. Latest figure from the Bank reveals non-performing loans have reduced marginally from 19 to 17 percent as at November last year. The Governor of the Bank of Ghana has attributed … Read more
The West African Gas Pipeline Company (WAPCo) has since June this year suspended supply of gas from Nigeria Gas to Ghana over unpaid bills by the Ghana government. The Volta River Authority owes Nigeria’s N-Gas about $180 million, while N-Gas in turn owes the Pipeline Company $104 million. The debt is however yet to be … Read more