The National Development Bank (NDB) will begin its operations by end of July this year, the Finance Minister, Ken Ofori-Atta has said. The Bank, according to him, would provide long term wholesale financing to the private sector through Commercial banks. The Minister said this at a press briefing on Sunday to address issues that have been raised through the “Fix the...
Companies who are expected to pay dividends to their shareholders are being cautioned against flouting Sections 73 and 74 of the new Companies Act, Act 992. According to the Act, all unclaimed dividends are to be handled in a standardized manner which will ensure the dividends are kept for a period of up to 8 years in interest bearing accounts...
The Bank of Ghana has in the first four months of the year committed a total of US$363m to the forex market through its forex forward auctions. Bids submitted during the auctions in the four months amounted to US$662.65m, out of which US$531.65m and US$129m were for the first quarter and April, respectively. The bids submitted were for the 7-day, 15-day,...
