Gov’t issues first 5-yr bond in 2021

Government began processes to issue a five-year cedi-denominated bond on Tuesday with the publication of an initial pricing guidance through the Ghana Stock Exchange and the closure of the order book on Thursday. A release from the Bank of Ghana said the issuance will roll over maturing two-year notes into five-year bonds. Courage Kingsley Martey, […]

Akufo-Addo’s mandate upheld by apex court

The country’s apex court on Thursday dismissed a suit challenging the legitimacy of President Nana Akufo-Addo as the winner of the December 7 polls. The decision by the seven-member panel of the Supreme Court came after nearly three months of hearing the case, which was filed by ex-president John Dramani Mahama. According to Mr. Mahama, […]

Tourism Minister-designate pledges to boost domestic tourism

The Minister-designate for Tourism, Arts and Culture, Awal Mohammed, says he aims to get 1m people travelling within the country every year as part of a domestic tourism campaign. He said the hotel industry will be integral to the execution and success of the campaign, and he will engage the sector to consider options to […]

Back-to-life Obuasi mine to drive AngloGold production

AngloGold Ashanti has projected its Obuasi mine as a key driver of its group gold production over the next two years. In a report to investors, the Johannesburg-listed company said it expects an average of two percent compound annual growth rate (CAGR) in gold production over the next two years, relative to 2020 production, from […]

Gas sector becoming a fiscal burden, IES warns

Energy policy think tank Institute for Energy Security says the natural gas sub-sector is rapidly becoming a fiscal burden to the country due to poor energy strategies as well as delay in building relevant infrastructure to off-take processed domestic gas. The institute in an analysis said government’s poor handling of the sub-sector is greatly contributing […]

New WTO boss calls for wide-ranging reforms

Newly appointed Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala has called for deep-rooted and wide-ranging reforms that would modernise and match the rules of the global trade regulator to the needs and issues of the 21st century. Addressing a press conference on Monday, she said the WTO was currently facing some challenges that […]

Gov’t to consider new financing model for urban roads—Amoako-Attah

The Minister-designate for Roads, Kwasi Amoako-Attah, has indicated that government will explore the possibility of having a new financial arrangement with district assemblies to bill the cost of roads into property rates to ensure the quick construction of inner roads in urban centres. He said if his nomination was approved, he would ensure a national […]