Puma Energy successfully refinances US$ 730 m RCF

Puma Energy successfully refinances US$ 730 m RCF

Puma Energy, the global mid and downstream energy company, has announced the successful closing of its new one-year Revolving Credit Facility (“RCF”) totalling US$ 400 million in addition to extending and increasing its three-year Revolving Credit Facility to US$ 330...
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Coupon rate should tell whether US$2bn bond was right – World Bank rep.

Coupon rate should tell whether US$2bn bond was right – World Bank rep.

Country Director of the World Bank for Ghana, Henry Kerali, has said that government’s recent US$2.25 billion makes economic sense so long as the interest payable on it is lower than what is currently being paid. “As long as the...
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Microfinance Association pushes for mergers among members

Microfinance Association pushes for mergers among members

The Ghana Association of Microfinance Companies (GAMC) is asking its members to merge, as part of moves to strengthen and consolidate institutions in the sector. The consolidation of the existing institutions is needed to strengthen members of the association ...
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NPLs reduce Access Bank’s 2016 profits

NPLs reduce Access Bank’s 2016 profits

Access Bank Ghana, a subsidiary of Access Bank Plc in Nigeria, made a profit of 41.93 million cedis in 2016. This was down by about 48 percent compared to the profits made in 2015 which was 80.41 million cedis. In...
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Extending IMF deal: Ghana, IMF to decide next month

Extending IMF deal: Ghana, IMF to decide next month

Government’s decision on a possible extension of the IMF deal is likely to be concluded next month. This is the indication from the Chairman of Parliament’s Finance Committee, Dr. Mark Assibey Yeboah. His comments come at a time that discussions...
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Defaulter of insurance recapitalization to lose license by mid 2017 – Mrs. Bawa

Defaulter of insurance recapitalization to lose license by mid 2017 – Mrs. Bawa

All but one of the fifty insurance companies have met the new minimum capital requirement set by the National Insurance Commission (NIC). As a result, the company has until June 2017 to recapitalize in order to escape a possible revocation...
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AngloGold maintains full-year guidance

AngloGold maintains full-year guidance

AngloGold Ashanti has said it has set new safety records and achieved its first-ever March quarter without a fatal accident, as it reported operating results for the three months to 31 March 2017. The company also maintained its full-year guidance....
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MoFA embarks on outreach for ‘Planting for Food and Jobs’ programme

MoFA embarks on outreach for ‘Planting for Food and Jobs’ programme

The Ministry of Food and Agriculture (MoFA), has began a sensitisation programme to engage stakeholders and Farmer-Based Organisations (FBOs) on government’s ‘Planting For Food and Jobs’ policy. The sensitisation is part of efforts by the Ministry to woo...
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Volumes of trade to rise above last week’s level

Volumes of trade to rise above last week’s level

Trading activity in terms of volumes on the stock market increased by 95.82% in the week under review as volumes of shares traded scaled up by 2,052,976. Further, the total values of shares traded increased to GHS7,432,079 representing 166.80% week...
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WAPCo rules out pressure on gas supplies over FPSO shut down

WAPCo rules out pressure on gas supplies over FPSO shut down

The West African Gas pipeline Company Limited (WAPCo) has assured that the temporary shutdown of FPSO Kwame Nkrumah by Tullow will not put pressure on gas that will be required to be transported to the Volta River Authority (VRA). According...
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