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Cedi fall, increasing int’l prices of crude oil to send fuel prices higher – IES
The Institute of Energy Security (IES) has projected fuel prices to go higher following the fall of the Cedi against the Dollar. The energy think tank’s analysis of the foreign exchange (Forex) market over the last two week revealed a further depreciation of the Cedi against the US Dollar. The Ghana Cedi depreciated by a […]
Restructuring Ghana’s Debt: 94% of Tier 2 pension may be affected
About 94% representing (about ¢3.7bn) of the ¢3.9 billion Tier 2 pension contributions placed in government securities may be affected by a probable Debt Restructuring Programme. A debt restructuring will mean the yield-to-maturity of government bonds and bills will be extended or better still the ‘haircut’ policy enforced. This will potentially affect the return on […]
Ghana, 4 other ECOWAS states get $250m EBID support
The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved a total of USD 250 million for Ghana and four other member states to boost the oil & gas, energy, road infrastructure and agricultural sectors of West Africa. The other beneficiary countries are Burkina Faso, Nigeria, Senegal, and Sierra Leone. […]