T-bills: Government records another marginal oversubscription but interest rates surge
The government recorded another marginal oversubscription of treasury bills but at the expense of rising interest rates. According to auction results from the Bank of Ghana, the government bagged GH¢4.078 billion as against a target of GH¢4.01 billion. All the bids tendered were oversubscribed. About GH¢3.32 billion representing 82.97% came from the 91-day bill. A […]
Labadi Beach Hotel shines with another record-breaking dividend payout of GH¢16.5m to SSNIT
Ghana’s top five-star destination, Labadi Beach Hotel, proudly announced a milestone dividend payment of GH¢16,509,000 to its shareholder, the Social Security and National Insurance Trust (SSNIT), at its recent Annual General Meeting (AGM). This remarkable achievement underscores the hotel’s unwavering commitment to excellence and solidifies its position as the flagship of Ghana’s hospitality industry. “Our […]
Ghana rakes $840m in oil revenue in first half of 2024
Ghana’s crude oil revenue experienced a substantial increase in the first half of the year, showing a 55.6% rise compared to the same period last year, according to the Public Interest and Accountability Committee (PIAC). In its semi-annual report, PIAC attributes this growth to higher production volumes, especially from the newly operational Jubilee South East […]