Sentences with phrase «ghc1000 cedis»

• Energy Commercial Bank, a Ghanan financial institution, will seek an IPO in the country raising abou 330 million cedis, or $ 75 million.

Lenders in the West African nation from HFC Bank Ltd. to the local unit of Access Bank Plc are planning to sell shares after the central bank raised the minimum capital requirements to 400 million cedis from 120 million cedis, a condition that has to be met by December.

Energy Commercial Bank Ltd. of Ghana will raise about 330 million cedis ($ 75 million) through an initial public offering as the lender prepares to meet the regulator's new threshold for capital requirements.

He further stated the unit price for the re-branding of the buses could even drop from Ghc8, 500 per bus to Ghc8, 000 cedis per bus owing to the quantity of buses in question and economies of scale.

To convert it to cedis, it is then multiplied by the prevailing exchange rate of the cedi to the dollar.

Our debt profile is currently $ 24 billion and in total, that is dollar and cedi debt, GHc104 billion.

8 billion cedis» from Parliament.

The Supreme Court in 2014 ordered the businessman to refund some 51.2 million cedis wrongfully paid to by the state in 2010 and 2011.

Whereas the cedi fell by only 9.5 % in the whole of 2016, it has plummeted by 4.5 % in the first month of the Akufo Addo / Bawumia government alone.

Lead counsel for beleaguered businessman Alfred Agbesi, has revealed that his client under oral examination by former Attorney General and Minister of Justice Martin Amidu will not divulge the alleged beneficiaries of the 51.2 million cedis he wrongfully received.

He admitted the party recruited some polling agents and deployed two agents to each of the 143 polling stations, but said they were all GHc 100.00 cedis for discharging their duties.

«If we factor in inflation (in both dollar and cedi terms), exchange rate depreciation and other «time value of money considerations» such as interest differentials, the difference between the GHC20 billion Dr. Bawumia claims the NPP secured and the GHC248 billion he allocates to the NDC has to be adjusted.

To put this in perspective the cedi performed much better in an election year 2016 under the NDC than it did in 2008, another election year under the NPP when it fell by a catastrophic 25.3 %.

«For a bus of the nature you're describing, I would give you 8500 per bus, and if I should look at the volume of the buses that you have, economics would tell you economics of scale so I would have to reduce the unit price for you which I can give you say, 8,000 per bus so for 116 buses we are looking at 928,000 cedis,» he said.

The cedi has been stable for one of the longest periods ever, expenditure has gone down, revenue has gone up, the deficit is coming down, inflation is slowing, and so on the macro level, there is stabilization taking place.

«The Ministry of Finance released an amount of GHC5.26 million cedis towards the celebration of the 60thindependence anniversary of Ghana.

You may wonder why Nana Akufo - Addo who promised Ghanaians was coming to protect national purse, will spend millions of cedis and dollars of the country's revenue on these expensive cars in a country running on empty.

Dr Mahamudu Bawumia who was speaking at a programme organised by the aspiring Member of Parliament of Awutu Senya West George Andah said the NPP instituted the NHIS policy, National Youth Employment Policy, school feeding, free maternal health paid teacher, nursing training allowances etc. out of the 20 billion cedis it accumulated.

When the plaintiff amended the endorsement on his writ of summons to change completely his cedi claim to a Euro claim with other reliefs, he did not amend his original statement of claim to correspond to the new claim which was completely different from the original claim.

«We were given 40 cedis instead of 100 cedis during the training of party agents before the elections,» he said.

The Commission, failed to do this and repeated the approval for another 1 million cedis to do the exercise.

The court on June 8 granted a request by the Attorney - General's department to question the businessman on whether he owns properties, has the means of offsetting the debt owed the state as well as how he spent the 51.2 million cedis wrongfully paid him.

Due to the need for uniformity of reporting, our debt is usually denominated either in dollars or cedis.

However, with 200 billion cedis accumulated by the Mahama led administration in the last seven years, the NHIS and all other policies introduced by the NPP have either collapsed or are on the verge of collapsing.

Dollar for dollar, cedi for cedi, this government is the most corrupt in our history.

Mrs. Rawlings is said to have caused a financial loss of up to cents 21billion old cedis to the state.

President Nana Addo Dankwa Akufo - Addo says an amount of 46 million cedis has been allocated to the Sports Ministry for the development of sports in the country.

Mr. Amoah in March this year wrote to the Special Prosecutor to investigate the sale of some one point eight million barrels of crude by BOST in September last year, which he said cost the nation about 23 million cedis in revenue.

Dr Bawumia promised was going to arrest the cedi and in fact told he has arrested it, locked it and deposited the cells keys with the IGP.

The Anyinam branch alone is reported to owe an amount of four hundred and ninety - five thousand, seven hundred and eighty - one point eighty - three Ghana cedis (GHS495, 781.83.00.

Our exchange rate under this government never fared better as the cedi parity to other currencies worsened and worsening.

Obour must tell us how much of the two million Ghana cedis tax payers money meant for creative arts came to him / musigha and how the money was disbursed.

«And this is what we spent 150 billion old cedis on.

The Anyinam branch alone owes and amount of four hundred and ninety - five thousand, seven hundred and eighty - one point eighty - three Ghana cedis (GHS495, 781.83.00) Mark Osafo Agyapong explained that he has ten thousand Ghana cedis (GHS10, 000.00) at the bank but several efforts to withdraw the money have not been fruitful and so decided to join the demonstration.

The over 5 million cedis payment has been described as «criminal» by the New Patriotic Party Member of Parliament for Adansi Asokwa KT Hammond.

Quoting portions of the 20 - page document to back his claim he said «What was done exactly was that, on election day a member went to his village and doled out one Ghana cedi each to about 50 vulnerable street drunkards and «busemen» as inducement for them to cast their vote for NPP.

As these things replayed in my head, I watched Kaba take out a 10 cedi note and produced another five cedi note from his side pocket before calling the attendant to come for the money.

We also issued 7 year and 10 year cedi - denominated bonds, totaling GH cents 4.7 billion, which have halved the $ 2.4 billion energy debt we inherited, and have helped improve the liquidity of the banks, and the balance sheets of the SOEs in the energy sector.

For instance, a professional teacher of Principal Superintendent (PS) status with the Ghana Education Service (GES) according to the figure quoted in the validation forms was to be paid 1,850.96 Ghana cedis but received a text message from the CAGD indicating an amount of 1,767.57 Ghana cedis as the salary for January 2016.

But responding to the claims on Accra FM, Koku Anyidoho rubbished his assertions and challenged Dr Bawumia to account for how much it cost the country to re-denominate the cedi in 2007, when Dr Bawumia served as the Deputy Governor of the Bank of Ghana.

Most of the customers have between five hundred Ghana cedis (GHS500.00) to twenty - seven thousand Ghana cedis (GHS27, 000.00) at the bank.

constituency executive hopeful of the New Patriotic Party in the Subin Constituency of the Ashanti region has been busted for a seven hundred and forty - eight thousand cedis fraud.

An eye witness told Myjoyonline.com the deceased's car was blocked by the armed gang who then shot him and bolted with an amount believed to be 200,000 cedis.

• maintained stability of the cedi against the US dollar, and • brought down policy rate to 21 percent from a peak of 26 percent in 2016.

«This group didn't have financial clearance at all, which means they haven't been paid a single cedi since they were employed.

It added that at the time the Kufuor led NPP was leaving office in 2009, NHIS claims was about 183million cedis.

Again Claims Payment at the close of 2005 was 7.2 million cedis.

Pieces of official evidence seen by Citi News show that state officials of both the Transport and Finance Ministries broke a number of national laws in their supervision of the 3.6 million Ghana cedis bus branding contract executed by Smarttys.

President John Mahama who has been consistent on the impact of the home grown policies backed by the rippling effect of improved power supply and stabilized cedi maintains «Ghana is rising and Ghana is doing well».

Over two billion cedis invested so far are expected to add 6,000 new beds and modern equipment to both new and existing facilities.