Banks and financial institutions affected by the 2.5 billion dollars Energy sector debt are agitating over the delay in issuing the bond to clear the debt. Government assured the financial institutions affected that it will raise the funds through lead arrangers, Fidelity Bank and Standard Chartered Bank in September 2017 …
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The Minority in Parliament has accused Finance Minister, Ken Ofori Atta of breaching the procurement Act when he awarded a GHȻ10m COCOBOD contract to a private businessman. At a press conference Tuesday, the National Democratic Congress (NDC) MPs said the contract was given without the approval of the Public Procurement …
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Finance Minister Ken Ofori Atta has described as worrying the high non-performing loans recorded in the banking sector. Although the sector recorded strong performance in asset growth of 27.3% in May 2017 as against the 17.7% recorded in May 2016, it continues to face the threat of high non-performing loans. “As …
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Private Legal Practitioner, Victor Adawudu, has threatened to drag the Attorney General, Gloria Akuffo to court over her failure to provide more information on the controversial $ 2.2bn bond. The Lawyer indicated that, he might sue the AG if she fails to make details on the bond available. “If the …
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Parliament has passed a half hour motion to compel the Minister of Finance, Ken Ofori-Atta, to provide detailed information on the recent 2.25 billion dollar bond issued by Government. The Minister is expected to respond to the motion within one week. The motion was filed by the Minority Leader, Haruna Iddrisu, …
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