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Government to set up new National Development Bank in 2020

A new National Development Bank is to be established in the first quarter of 2020. The Minister of Finance, Ken Ofori-Atta, says $250 million has been secured from the African Development Bank for that purpose. Contrary to earlier suggestions that the National Investment Bank (NIB) and Agricultural Development Bank (ADB)...

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Joe Ghartey Attends Railway Conference In India

Minister for Railways Development, Joe Ghartey, is leading a Ghanaian delegation to the 2019 International Rail Conference (IRC) and Exhibition at Aerocity in New Delhi, India. Members of the Ghanaian delegation are a Ministerial Advisory Board Member and Paramount Chief of Wassa Amenfi Traditional Area, Western Region, Tetrete Okuamoah Sekyim...

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Ghana cannot repay $2bn Sinohydro loan – ACEP

The African Centre for Energy Policy (ACEP) is predicting that Ghana will not be able to repay its $2 billion barter agreement with China if it relies solely on revenue from the proposed Integrated Aluminum Industry. This is contained in a paper published by ACEP that analyses the plan as...

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Northern Development Authority to sell SADA tricycles

The Board of the Northern Development Authority (NDA) has approved the sale of tricycles which were procured by the defunct Savanna Development Authority (SADA). A press a statement by the Management of the NDA said: “We are happy to announce that the many hurdles have been called and Management is...

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Govt challenges Auditor General’s report

The Ministry of Finance has challenged the Auditor General’s audit finding to the effect that payment of some US$1million to the firm, Kroll and Associate was effected without evidence of work. The said finding was published in the Auditor General’s report on the account of Ministries, Departments and Agencies (MDAs)...

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