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Tag Archives: TANOE Business

Final IMF disbursement to hit govt’s account on March 29

The International Monetary Fund (IMF) has told Citi Business News that the final tranche of the 925 million dollar Extended Credit Facility will be paid to the government on March 29 2019. The IMF officially ended the Extended Credit Program for Ghana on March 20, two weeks earlier than the …

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Cement prices shoot up over Cedi Depreciation

Cement prices of almost all firms have seen some Ghc2 40pesewas increase. This is about the second increment of cement prices in two months. The cement companies say they have been forced to increase the price due to the depreciation of the cedi which has pushed the cost of their …

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Ghana gets $185m from IMF after final review of fund programme

The International Monetary Fund (IMF) on Wednesday completed the 7th and 8th reviews under the Extended Credit Facility (ECF)-supported arrangement. The completion of the two final reviews on March 20, 2019, will make available to Ghana the cumulative amount of about $185.2 million, the IMF said in a release issued …

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Currency speculators move in on cedi

As widely expected by financial markets analysts, currency trading speculators are increasingly taking trading positions against the cedi in an effort to reap quick profits from the national currency’s ongoing sharp depreciation. Despite the unexpected rebound of the cedi towards the end of last week – the currency gained some …

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MTN Ghana enhances data experience for customers with 4G+ service

MTN, Ghana’s leading telecommunications service provider, has launched its 4G+ service to provide faster data speeds with widest coverage for its customers. The 4G+ service runs on 4G LTE Advanced technology using the combination of the 800MHz and 2600MHz for carrier aggregation which is an enhancement on the 4G LTE …

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