The Government of Ghana looks set to borrow $170 million (£124 million/€144 million) to help fund the 2023 African Games. As reported by GhanaWeb , the loan is intended to contribute towards the cost of sports and residential infrastructure required for the Games. The loan is to be provided by Cal Bank, and is being […]
Government has disbursed a total amount of GH₵ 260 million as interest subsidies for 128 companies under its flagship One District, One Factory (1D1F) programme. This was revealed by the Minister for Trade and Industry, John Alan Kyeremanten when the Bole/Bamboi MP, Yusif Sulemana requested comprehensive information on the amount government has expended on subsidizing […]
John Alan Kojo Kyeremanten, Minister for Trade and Industry The government has spent over GH¢260 million on 128 One District, One Factory (1D1F) Companies as interest subsidies over the past 4 years. This was revealed by the Minister for Trade and Industry, John Alan Kojo Kyeremanten who explained the amount: GH¢260,961,056.42 was to support loan […]
The Bank of Ghana Some eleven of the 23 universal banks operating in Ghana, have been given the green light by the Bank of Ghana to pay dividends to their shareholders for the 2020 financial year. The central bank put a moratorium on the payment of dividends by the banks following the devastating impact the […]
The Bank of Ghana has given approval to 11 out of 23 banks to pay dividend to shareholders in respect of the 2020 financial year. Following the effects of the covid-19 pandemic, the Central Bank introduced some regulatory measures that include the financial institutions meeting certain key requirements before they could pay dividend to shareholders. […]
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison The Deputy Head of Banking Supervision at the Bank of Ghana, Mr Ismail Adam made the announcement at the UPSA Law School Quarterly Banking Roundtable webinar. “ The idea is to make the institutions more robust and resilient such that they wouldn’t suffer because […]
The Anti-Robbery Unit of the Ghana Police Service say no evidence of robbers Report of some staff of the Kejetia branch of CAL Bank held hostage by some armed robbers has been described as “false alarm” by sources within the Ghana Police Service. On the evening of Thursday, July 1, reports were rife that some […]
Sensei Anani is one of the 14 athletes representing Ghana at the Olympics The judoka plans to make a name for himself and Ghana He won a silver medal at the African Championship in Senegal to qualify Our manifesto: This is what YEN.com.gh believes in Ghana’s only representative in Judoka, Sensei Anani Kwadjo is optimistic […]
Sports Minister, Mustapha Ussif Govenment is seeking approval from Parliament for a US$170m loan facility to finance the upcoming African Games. The amount would be used for the provision of sports infrastructure and residential facilities for the games to be staged in Ghana in 2023. The amount, expected to be obtained through a facility from […]
FLASHBACK: Mrs Stephanie Sullivan, United States Ambassador to Ghana, when she met President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra The U.S. International Development Finance Corporation (DFC) has established a US$100 million loan facility with CAL Bank to support on lending to small and medium scale enterprises (SMEs) in the country. The […]
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