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The Official Creditor Committee has reportedly granted approval to the Ghanaian government for the term agreement, allowing the IMF Executive Board to release the second tranche of the $3 billion extended credit facility, comprising $600 million. In an interview with Bloomberg, Finance Minister Ken Ofori-Atta confirmed the development, stating, “We are receiving the draft term […]

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Richard Nii Armah Quaye, the Founder and Board Chairman of Quick Credit, has announced a significant change in the company’s loan recovery practices. Quick Credit will no longer engage in house-to-house recovery of loans, a move prompted by feedback from stakeholders and concerns over the confrontations between loan recovery officers and defaulting customers.   Addressing […]

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The Ghana Revenue Authority (GRA) has asserted that the proper procedures were adhered to by its board and management in securing the services of Strategic Mobilisation Ghana Limited (SML). In a statement released on Wednesday, the GRA emphasized, “The Contract is for five (5) years and is performance-based and approved under Section 40 of the […]

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Ghana’s Cocoa Marketing Board (COCOBOD) has successfully concluded an $800 million syndicated loan with banks, and the first tranche of $600 million is expected to be drawn down this week, according to the deputy chief executive officer. The loan, an annual tradition to finance cocoa bean purchases from farmers, faced delays this year due to […]

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As of September 2023, Ghana’s public debt has shown a notable decrease, amounting to GHS 567.3 billion, reflecting a GHS 14.2 billion reduction compared to the GHS 581.5 billion reported in June 2023. According to recent data released by the Bank of Ghana, this new public debt figure represents 66.4 percent of the country’s Gross […]

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Business proprietors intending to import goods under the government’s proposed import limitations bill are required to submit clearance requests to the Trades Committee of Parliament, as stated by the Minister of Trade and Industry, K.T. Hammond. Emphasizing the objective of the proposed import limits bill targeting 22 specific goods, Hammond clarified that the intention is […]

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The Bulk Energy Storage and Transportation Company Limited, formerly BOST, achieved significant recognition at the seventh edition of the Ghana Energy Awards, receiving two prestigious awards. The event, held at the Labadi Beach Hotel on November 17, 2023, honored the company as the ‘Petroleum Company of the Year,’ while its CEO, Mr. Edwin Alfred Provencal, […]

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The Bank of Ghana has imposed fines on Zeepay Ghana Limited for not using the average interbank exchange rate specified by the Ghana Association of Banks and the Bank of Ghana for converting settlement funds into the local currency. This action was announced in a statement issued by the Central Bank.   Additionally, the Bank […]

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For the third consecutive time, Ghana has witnessed a decline in inflation, reaching a rate of 35.2% in October. This marks a noteworthy decrease of 2.9 percentage points from the 38.1% recorded in September.   According to the Consumer Price Index (CPI) data released by the Ghana Statistical Service on Tuesday, November 14, the breakdown […]

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Finance Minister Ken Ofori-Atta is scheduled to present the government’s 2024 Annual Budget Statement and Economic Policy to Parliament on Wednesday, November 15, 2023. Ahead of the presentation, calls have intensified for the government to make significant spending cuts to address the struggling economy.   CEO of Dalex Finance and Leasing Company Limited, Kenneth Thompson, […]


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Omanghana is an online news portal that provides readers around the world with a greater focus on Ghana and other parts of Africa. Established in 2009, Omanghana regularly publishes articles related to News, Sports, and Entertainment.


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