All You Need To Know About The Gold For Oil Policy

Introduction: 1. The Gold for Oil (G4O) Programme is an initiative of the Government of Ghana to use the existing Bank of Ghana (BoG) Domestic Gold Purchase (DGP) Programme to support the import of petroleum products into Ghana. 2. The prime objective of the programme is to use additional foreign …

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Govt To Securitize $3.3bn In Central Bank Loans

Ghana plans to convert an estimated 40 billion cedis ($3.3 billion) of loans owed to the Bank of Ghana into bonds, making the Central Bank the single largest holder of domestic government securities and exposing it to the ongoing debt restructuring process. According to people familiar with the matter, the …

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Nigeria’s President Meets Governors Over Cash Crisis

Nigeria’s President Muhammadu Buhari has met the state governors from his ruling All Progressives Congress party (APC) over the challenges arising from a scarcity of local currency in the country. At the meeting held in the presidential palace, the governors expressed their disapproval of the government’s policy of redesigning some …

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Ebenezer Kojo Kum Resigns As Chieftaincy Minister

The Minister for Chieftaincy and Religious Affairs, Ebenezer Kojo Kum has resigned from his position with immediate effect. This was announced in a statement from the Presidency on Friday, February 3, 2023. President Akufo-Addo thus accepted his resignation. Ebenezer Kojo Kum is currently the Member of Parliament for the Ahanta …

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