Total market turnover on the bond market increased by 150.30% to ¢1.17 billion during the week under review as more bond transfers were recorded. The bond transfers are said to be in preparation for the Domestic Debt Exchange programme. Fund managers in recent times have been moving funds from one account to another as investors consider the Domestic Debt Exchange ...

Convener of the Individual Bondholders Forum (IBF) Senyo Hosi, has said regarding the domestic debt exchange programme that in an unfortunate oppressive fashion, the government has shown total disregard for the contractual rights of Individual bondholders and has made no effort to structure reasonable consultations with individual bondholders. In the process, the IBF said, Ghanaians have been presented with painfully ...

The West African Gas Pipeline Company Limited (WAPCo), has said it will undertake a coordinated and planned 10-day maintenance shutdown of its Takoradi Regulating and Metering Station. This shutdown, scheduled for 12th to 22nd January 2023, is to allow for the replacement of some critical valves at the facility aimed at securing the safety and integrity of the Takoradi Station, ...

The government’s debt exchange programme is experiencing strong pushback from individual bondholders who say the government has not provided them with the requisite information to make an educated decision. According to some individual bondholders interviewed on JoyNews’ PM Express, the government has intentionally held back information, and instead is coercing them into signing onto the exchange blindly. One bondholder, Samuel ...

JoyNews sources say that Minister for Food and Agricultural Minister, Dr Owusu Afriyie Akoto may tender his resignation today. This comes four days after Trade Minister, Alan John Kwadwo Kyerematen, resigned from the government. It is not clear yet the rationale behind Dr Akoto’s expected move. Presidential Affairs correspondent, Elton Brobbey, says the Minister is expected to meet President Akufo-Addo ...

Ghana Premier League (GPL) side Asante Kotoko have appointed experienced gaffer Orlando Wellington as a new assistant coach for the first team. He joins the technical team headed by Burkina Faso trainer Seydou Zerbo for the 2022/23 Ghana Premier League season, which is already in session. “We are delighted to welcome on board Coach ORLANDO WELLINGTON as first team assistant ...

Black Stars defender, Daniel Amartey has refuted the idea the Black Stars’ performance in the team’s 0-2 loss to Uruguay at the 2022 FIFA World Cup in Qatar was affected by the controversial game involving both countries at the 2010 FIFA World Cup in South Africa. Ghana played Uruguay in the quarterfinals of the 2010 World Cup where Uruguay striker ...

The Minority in Parliament has rejected plans by government to increase government machinery personnel by 1,570 people. The group says this number is contained in the 2023 budget statement. The Minority said it is unacceptable to increase government machinery staff to 3,681 at a time when there is an announced freeze on public sector employment. The passage of the budget ...

The Health Minister, Kwaku Agyemang Manu, has revealed that engagements are underway to send trained Ghanaian nurses to the United Kingdom (UK) to work. According to him, there is an ongoing bilateral contract with the British government in exchange for financial consideration. During the 2023 Budget debate in Parliament on Monday, the Dormaa Central legislator said the agreement will be ...

The Ghana Registered Nurses and Midwives Association (GRNMA) is rejecting the government’s debt exchange programme. The Association says government denying pensioners access to their tier 3 funds after 5-15 years of waiting for maturity on their investments is unacceptable. In a statement signed by the President of GRNMA, Perpetual Ofori Ampofo, the group described the debt exchange program as unfair, ...