Finance Minister Ken Ofori-Atta must resign over the alleged conflict of interest situation in which he has engrossed himself as far as the recent issuance of government’s $2.25 billion domestic bond is concerned, the UK/Ireland branch of the main opposition National Democratic Congress (NDC) has said. The group’s call follows a recent press conference held … Read more
The Vice President, Alhaji Dr Mahamudu Bawumia has expressed worry about the Minority in Parliament’s criticism of the recent 15-year cedi bond sale, describing it as a show of mischief and ignorance. To him, the Minority was showing “ignorance” and do not “understand” the processes of managing the economy and therefore suggested to them that, they … Read more
Vice President Dr Mahamudu Bawumia has described the Minority as an “ignorant” bunch who do not “understand” the processes of managing the economy, thus, must do some reading to educate themselves. Speaking to the media in Washington DC about the Minority’s claim that the recent $2.25billion domestic bond issued by the Akufo-Addo government was done … Read more
The statement issued by the Ministry of Finance attempting to clarify issues surrounding the $2.25 billion bond fails to answer the fundamental questions that have been raised by Minority MPs, Cassiel Ato Forson, a former Deputy Minister of Finance, has said. According to him, the government has cleverly run away from the core issues that … Read more
The World Bank Group has launched XL Africa, a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. Start-ups will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their regional visibility, and get access to potential corporate partners and investors. With support from … Read more
Finance Minister, Ken Ofori-Atta has been asked to resign over allegations of conflict of interest in the issuance of the $2.25bn bond. The NDC Minority MPs in Parliament have found him guilty by for issuing and closing within a day, a bond which was supposed to last for a minimum of three days. Investigations by … Read more
Kwasi Ameyaw-Cheremeh, Sunyani East MP, has said the allegation by the NDC’s Cassiel Ato Forson that Finance Minister Ken Ofori-Atta has conflicted himself in the issuance of the $2.25bn bond is unfounded. Mr Forson has said it is strange for a bond to be issued and closed within a day, contrary to the normal practice … Read more
Deputy Information Minister Kojo Oppong-Nkrumah says “nothing untoward” happened with the $2.25 billion bond issued by government to arrest Ghana’s suffocating debt burden. Speaking to Joy News, he said the issues raised by the minority in Parliament over the bond are aimed at taking the shine away from the successes chalked by President Nana Addo Dankwa Akufo-Addo within … Read more
The US$2.25 billion domestic bond issued recently by the government of Ghana did not need to go to parliament for approval, Minister of Monitoring and Evaluation, Dr Anthony Akoto Osei has said in response to a demand by the Minority in Parliament that the bond issue should have gone to the chamber. Also, the Minority … Read more
The Minority in Parliament on Tuesday called for a full-scale parliamentary inquiry into the recent US$2.25 billion bond issued by the NPP government. According to them the transaction lacked transparency and had the potential of adversely affecting the welfare of the people of Ghana. Mr Cassel Ato Forson, the Minority Spokesperson on Finance made the … Read more
Deputy Information Minister Kojo Oppong-Nkrumah says “nothing untoward” happened with the $2.25 billion bond issued by government to arrest Ghana’s suffocating debt burden. Speaking to Joy News, he said the issues raised by the minority in Parliament over the bond are aimed at taking the shine away from the successes chalked by President Nana Addo … Read more
The new Floating Production Storage and Offloading (FPSO) vessel, John Agyekum Kufuor, has safely arrived in the country’s waters. It is currently being moored on top of wells at the Tano Basin Offshore Cape Three Points (OCTP). The arrival of the FPSO marked the final stage of the development of Ghana’s third independent oilfield in … Read more
The owner of Krispy Kreme Doughnuts and Kenco coffee will pay $7.5bn (£6bn) to take control of US bakery and sandwich chain Panera Bread. JAB Holdings also controls coffee brands Douwe Egberts and Peet’s, as well as the luxury shoe maker Jimmy Choo and beauty firm Coty. The acquisition is the biggest US restaurant deal, … Read more
She loves to show a lot of skin and many have suggested it is her way of getting attention to herself and her music but Dancehall musician, Ebony says they are far from the truth. This is because she has been wearing skimpy or revealing clothes way before she entered into music. Thus everything you … Read more
She loves to show a lot of skin and many have suggested it is her way of getting attention to herself and her music but Dancehall musician, Ebony says they are far from the truth. This is because she has been wearing skimpy or revealing clothes way before she entered into music. Thus everything you … Read more
Valeant Pharmaceuticals Inc’s stock price fell to its lowest level in eight years on Tuesday after the abrupt exit of its biggest supporter put renewed focus on the Canadian company’s most pressing problem: raising capital to cut its roughly $30 billion debt pile. Billionaire investor William Ackman spent more than a year trying to revive … Read more
U. S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the U.S. Northeast. Hospital operator shares were hit after a nonpartisan research report showed 14 million Americans would lose medical insurance by next year under a Republican proposal. Trading volume … Read more
Shares of Valeant Pharmaceuticals International plunged Tuesday following news that activist investor Bill Ackman exited the controversial drug company. Shares of the Canadian company dived 10.9 percent to $10.80 by midday after an announcement that Ackman’s hedge fund, Pershing Square Capital Management, sold its investment in the drug firm at a loss. In addition, Ackman … Read more
After a series of embarrassing revelations, ridesharing giant Uber faces challenges in keeping growth on track, with top executive Travis Kalanick likely to face pressure to give up some control. Analysts say Uber’s rocky past month — marred by disclosures about a culture of sexism and its covert use of law enforcement-evading software — underscores … Read more
Wilbur Ross sailed through Senate confirmation to become the new commerce secretary, despite tough questions about his possible ties with Russian oligarchs through his position on the board of the Bank of Cyprus. Several Democrats gave their support, for a total of 72 of 100 senators casting their votes for the 79-year-old billionaire who specializes … Read more