In brief In an effort to meet the current exigencies faced by Myanmar as a result of the COVID-19 pandemic, the Myanmar Government had, on 27 April 2020, launched the COVID-19 Economic Relief Plan (CERP). The CERP comprises seven goals, 10 strategies, 36 action plans and 76 actions, each with an estimated timeline and designated […]
Tag: XGHA_ADB
ADB invests GHC500m in poultry sector
Dr John Kofi Mensah The Agricultural Development Bank (ADB) has partnered the Ministry of Food and Agriculture (MoFA) and three other institutions to set in motion an ambitious programme meant to end the country’s dependence on imported poultry products and create jobs for the youth. The initiative aims to invest a total of GH¢500 million […]
Police man, three others jailed 70 years for robbery
The Accra Circuit Court has sentenced a policeman and three others to a total of 70 years imprisonment for robbing a supermarket at Nungua in Accra on December 12, 2017. Corporal Raymond Amegashie will serve 20 years in prison, Ibrahim Ayirebo was given 18 years while Bright Dorkanu and Stanley Akorli will each serve 16 […]
Policeman, 3 others jailed 70 years for robbery
A policeman and three others have been sentenced to a total of 70 years’ imprisonment by the Accra Circuit Court for robbing a supermarket at Nungua in Accra on December 12, 2017. It was established, during the trial, that the convicts — Corporal Raymond Amegashie, Ibrahim Ayirebo, Bright Dorkanu and Stanley Akorli — entered the […]
‘GAT banks’ now meet new capital requirements
Dr Ernest Addison (2nd left) in a chat with journalists after the news conferrence The five indigenous banks that the Ghana Amalgamated Trust Limited (GAT) Limited is supporting to recapitalise have now met the Bank of Ghana’s (BoG)GH¢400 million capital directive, the Governor Central Bank, Dr Ernest Addison, has confirmed. Dr Addison said the central […]
Ghana Amalgamated Trust vows to maintain local ownership of 5 banks
Managing Director of Ghana Amalgamated Trust (GAT), Mr Eric Nana Otoo The Ghana Amalgamated Trust (GAT) has vowed to maintain the local ownership of the five indigenous banks to benefit from its intervention. The Agricultural Development Bank (ADB), National Investment Bank (NIB), OmniBank Ghana Limited / Bank Sahel Sahara Ghana (OmniBank / BSIC), Universal Merchant […]
Isaac Adongo honoured for role in shaping public policy
Isaac Adongo The Confederation of Governance Assessment Institute (COGAI) has honoured financial analyst and Member of Parliament for Bolgatanga Central Constituency, Mr Isaac Adongo, for his hard work, fairness and balanced contribution to national development discourse. At its 2018 Pan African Republic Honourary rewarded night in Accra, the institute awarded Mr Adongo as one of […]
Isaac Adongo honoured for role in shaping public policy
The Confederation of Governance Assessment Institute (COGAI) has honoured financial analyst and Member of Parliament for Bolgatanga Central Constituency, Mr Isaac Adongo, for his hard work, fairness and balanced contribution to national development discourse. At its 2018 Pan African Republic Honourary rewarded night in Accra, the institute awarded Mr Adongo as one of the top […]
Bank of Ghana stirs dialogue on NIB’s new status
Governor of the Bank of Ghana, Dr. Ernest Addison Governor of Ghana’s central bank, Dr Ernest Addison, is calling for a discussion and decision on the status of the National Investment Bank (NIB). At a press briefing after reviewing the health of the economy, the Governor stoked the debate as to whether the bank should […]
Ghana to start $403m debt sale for GAT Febuary 18
Ghana will start a debt sale next month to prop up lenders as authorities seek GH¢2 billion ($403 million) in finance for banks undercapitalized banks. The government created a special-purpose vehicle known as Ghana Amalgamated Trust, or GAT, which will use the debt sale’s proceeds to purchase shares in five lenders and help them meet […]