Thursday , October 29 2020 7:59 pm

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Ghana’s ballooning debt stock amid COVID-19 ‘justifiable’ – Kwaku Kwarteng

A Deputy Minister for Finance, Kwaku Kwarteng, has dismissed claims by the Minority, suggesting that the Akufo-Addo administration has borrowed recklessly, ballooning Ghana’s public debt. According to him, government’s debt management strategy has proved effective in retiring legacy debt, cleaning up the financial sector mess and setting the country back …

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57 File to contest 18 parliamentary seats in Northern Region

Fifty-seven parliamentary candidates filed their nominations to contest on the ticket of nine registered political parties and as independent candidates in the 18 constituencies in the Northern Region for the December 7, 2020 parliamentary election. Out of the number only one is a female who is contesting on the ticket …

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State Housing promises 1 district 1 housing project

The Chief Executive Officer (CEO) of the State Housing Company (SHC), Kwabena Ampofo Appiah has revealed that his outfit is set to construct housing projects in every district in the country.He noted that this is amongst the government’s plan to reduce and ultimately resolve the housing deficit in the country.Speaking …

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Ghana to benefit from US infrastructure support

Ghana is among 50 African countries to benefit from infrastructure support under the Millennium Challenge Corporation (MCC), a US foreign assistance agency and Africa50, an infrastructure investment platform.Mr Sean Cairncross, the Chief Executive Officer, MCC, speaking on a virtual platform on Tuesday said the Corporation and Africa50 had signed a …

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IMF refutes ‘deceptive’ HIPC reports about Ghana

The International Monetary Fund (IMF) has refuted claims that Ghana has again been added to the list of Heavily Indebted Poor Countries (HIPC). “The HIPC Initiative is essentially closed for countries that have already reached the Completion Point. As you may recall, Ghana successfully reached the Completion Point in July …

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Govt to buy Airtel Tigo as Bharti Airtel exits

Bharti Airtel’s board has cleared the sale of its Ghana joint venture – Airtel Tigo – to the Ghana government. It is taking an impairment charge of about $25million for the transaction. Graphic Online has gathered that the plan for Bharti Airtel’s exit has been in the pipeline for sometime now. “The …

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