“Harnessing international skills for national development"
The Bank of Ghana has new introduced guidelines for the government securities market, primary dealers and bond market specialists. The purpose of these guidelines is to guide the purchase of government securities in the domestic market to the provisions in the Public Financial Management Act, 2016 (Act 921). According to the Central Bank, the guidelines shall be used with reference to other directives issued by the Ministry of Finance. Also, securities issued shall be denominated in the local currency-Ghana Cedis (GHS) except when explicitly stated by the Ministry of Finance. Importantly, all payments in respect of subscription and redemption shall be made in the currency of issuance.
AngloGold Ashanti said costs and production are on track to meet guidance, and that full-year 2020 free cash flow generation will be the strongest in almost a decade, enabling the miner to double the dividend pay-out ratio. The Company’s guidance was initially withdrawn in March this year due to the uncertainty created by the COVID-19 pandemic. The revised guidance was issued on 21 September 2020, pegging production for the year between 3.03Moz and 3.10Moz, and all-in sustaining costs between $1,060/oz and $1,120/oz.
A report released by the Natural Resource and Governance Institute (NRGI) has shown that Ghana has so far accrued an amount of US$5.2 billion in the sale of crude oil. According to NRGI, the money was generated between 2011 to 2020. The NRGI’s report explained the generation came from the sale of 73 cargos of crude oil by the Ghana National Petroleum Corporation (GNPC). The report also noted the sale which was realized in the second quarter of 2020 was made up of 71.1 million barrels with a total value of US$5.2 billion. NRGI’s latest report is titled, “Ghana’s Oil Sales: Using Commodity Trading Data for Accountability.”
Traders in the Sekondi-Takoradi Metropolis have attributed the marginal price increase of foodstuffs and other commodities to the outbreak of COVID-19 and the festive season.According to the traders, the prices of foodstuffs started increasing as a result of COVID-19 and has since not changed much even in the yuletide. A visit to the Takoradi market circle by the Ghana News Agency indicated that prices of many commodities had marginally increased while some foodstuffs remained stable. Meanwhile, vegetables like carrots, onions, green pepper, cabbage, lettuce had a lot of demand as people were busily buying them. Food stuffs such as rice, flour, oil and tomato paste as well as spices were also in height demand.
Invest for Jobs, an initiative of the German Federal Ministry for Economic Cooperation and Development has organised a conference cloud impact for Ghanaian businesses. This is in partnership with getiNNOtized Ltd., a leading cloud computing provider operating in Ghana and Amazon Web Services, re/start program. In the advent of the Covid-19 Pandemic, IT tools have become a critical need for many businesses in growth sectors, but the demand far outweighs the supply. The conference is thus, an opportunity for companies to engage with leading cloud computing providers. The aim is to connect the businesses to the right talent and solutions for their businesses. It is also an opportunity for businesses to engage in leading cloud computing providers.
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