ECOWAS Finance Ministers, Governors discuss future of ECO

Finance and Economic Ministers and Central Bank Governors in West Africa have expressed reservations about the recent renaming of the common currency for member countries in the Francophone zone (CFA Franc) to ECO. They described the action as a “unilateral” decision that was not in line with the requirements for …

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Fuel prices go up again

Prices of fuel in Ghana have this week gone up marginally, vindicating the prediction made by the Chamber of Petroleum Consumers (COPEC) on Tuesday, January 14, 2020. Petrol as of Friday, January 17 was selling at GH 5.50 per litre at various pumps, up GHC 9 pesewas from its previous …

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Jospong Generates Energy From Faecal Matter

The Jospong Group of Companies (JLC) owners of the Sewerage Systems Ghana Limited is generating about 500 kilowatts of power out of its liquid waste treatment plant in Accra.  This was disclosed by the Executive Chairman of JGC, Dr. Joseph Siaw Agyepong at this year’s Jospong Leadership Conference at the …

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Government borrowed GH¢4.2bn in December 2019

The Government of Ghana borrowed GH¢4.2 billion in notes and bonds in December 2019. This consists of GH¢3.2 billion 2-Year Notes, GH¢505.4 million of 3-Year bonds and GH¢478.6 million of 4-Year bonds. Some of the securities were to be rolled over while the rest were fresh funds. The yield on …

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Court remands CEO of collapsed Beige Bank, Mike Nyinaku

The Chief Executive Officer (CEO) of defunct Beige Bank, Mike Nyinaku, has been remanded in police custody. He is to be held there for one week. This follows the dismissal of a bail application by his lawyers who assured the court that he will cooperate with the ongoing trial. Although …

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