Sentences with phrase «cedis as»

Also, politicians would be expected to pay about 15,000 cedis as rent for the advertising space they use during the elections.

According to the bank, all balances in Foreign Currency Accounts (FCA) and Foreign Exchange Accounts (FEA) will continue to be held in foreign currency, and will not be converted into Ghana cedis as earlier announced.

New figures released by the Bank of Ghana (BoG) show that the country's total debt stock has hit GH cents 138.8 billion cedis as of November 2017, representing 68.7 percent of the country's Gross Domestic Product (GDP).

Now, around the same time the volume of transaction on mobile money grew from about 51.4 billion in 2016 to 109 billion cedis as at September last year which represented a whooping 112 percentage growth.

The Public Relations Officer of the Education Ministry, Francis Gbadago, has justified the decision to charge first - year day SHS students in excess of three hundred Ghana cedis as fees.

Government's indebtedness to the Social Security and National Insurance Trust (SSNIT) stood at 560 million cedis as at December 2015.

Again the demands of NLA that lotto agents should make a down payment of five thousand cedis as insurance guarantee is absurd and unreasonable and needs to be further looked at.

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.

Currently, the cedi as quoted by the central bank, is trading at GH cents 3.96, with RMB predicting that the performance is likely to strengthen further, citing as a further reason the fact that Cocobod's US$ 1.8 billion syndicated loan has hit the coffers of the central bank.

Not exact matches

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.

«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.

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.

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

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.

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.

As at October 2017, theGhana cedi had cumulatively depreciated by 4.0 percent against the US dollar, compared to 4.3 percent in the same period last year.

The queen mother in charge of protocol at the Aflao Traditional Area also pledged that although it's taken a while, the 1 million Ghana cedis disbursed to the ministry to be given to creative art persons with a plan but in need of cash shall be disbursed before the 2016 elections as the application window closed in September.

In 2013, the Bank of Ghana began circulating the renminbi throughout Ghanaian state - owned banks and to the Ghana public as hard currency along with the national Ghana cedi for second national trade currency.

The Akufo - Addo led - NPP government is already battling how to halt the fast depreciating currency, the cedi, recurring debilitating power outages, popularly known as «dumsor» and the increasing high cost of living especially, in the last two months.

The statement dated October 17, 2016 and signed by Duncan Amoah, the Chamber's Executive Secretary attributed the «current prices to sharp increases on the world market prices as the cedi has been relatively stable over the past two

He recollected how under Dr. Bawumia as deputy BOG governor in charge of the re-denomination of our currency in 2007, he ensured that the old cedis were not taken out of the system before introducing the new cedis.

General News of Saturday, 12 May 2018 Source: mynewsgh.com Captain Smart MyNewsGh.com can confirm that there is more trouble for embattled Adom FM journalist, Captain Smart, who only days ago was interdicted by the management of the station, as former Director General of SSNIT, Ernest Thompson has sued him for defamation, demanding for 5million Ghana cedis.

Similarly, the debts due to public institutions reached its peak in 2014 where the figure went up to as much as 1.15 billion cedis.

The comments follow the latest Bank of Ghana report which shows that Ghana's debt has reached 138.8 billion cedis equivalent to 68.7 percent of GDP, as at November 2017.

Yartey, aka Doctor, who claimed to be working at the Korle - Bu Teaching Hospital as a medical practitioner, was granted bail in the sum of GH cents 40,000 cedis with two sureties to reappear on January 26.

So, Dr Hassan Ayariga as serious as he is, there is no way he will quote a foreign currency knowing very well in Ghana we don't [spend] foreign currency but in Ghana we [spend] cedis, so everything he said it was in cedis but because he has lived outside for a very long time, sometimes he mistakenly quotes their currencies and because he also has businesses outside Ghana, sometimes he might mistakenly quote some of their currencies but he wanted to say cedis,» Mr Poku emphasised.

A gallon of petrol and diesel from the «belebele» guys is sold at 12 and 13 Ghana cedis respectively, as against the pump price of 18 Ghana cedis.

A letter signed by lawyer for Smarttys Management and Production Limited, Mr Kissi Agyebeng, to which the cheque paid into the account of the Economic and Organised Crime Office (EOCO) was attached said, «See attached a cheque intended as the settling of the agreed first instalment of three hundred thousand cedis drawn on the client's account of Cromwell Gray LLP.»

The Second Deputy Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has disclosed that the central bank will unveil new banknote in five - cedi (GH cents 5), thirty cedi (ghc30), one hundred (ghc100) as well as two hundred (ghc200) denominations.

President Mahama said government had released GHC 37 million cedis to the Controller and Accountant General's Department to be paid to appropriate recipients as their books and research allowance as part of government's resolve to facilitate teaching and learning at the tertiary institutions.

Amidu however proceeded to the Supreme Court as a private citizen and managed to retrieve for the state millions of cedis said to have been paid illegally to Waterville.

However, speaking at a rally in Ablekuma North constituency in the Greater Accra region Tuesday, President Mahama said Bawumia and others have no moral right to describe him as such because as Deputy Governor of the Bank of Ghana in the Kufuor administration they failed to disclose the cost of the cedi redenomination exercise in 2007.

But Alhassan Tampuli speaking on the increase said apart from the effect of the hurricanes, the international price at which fuel currently sells also has had an impact on the price build - up as well as the cedi - dollar rate.

The 2017 budget was to ensure confidence in the economy — Ken Ofori - Atta 10:52 The cedi remains relatively stable against he major currencies — Ken Ofori - Atta 10:51 Interest rate in 2017 continue to decline — Ken Ofori - Atta 10:50 Inflation continue to decline in 2017 — Ken Ofori - Atta 10:48 We have returned to a robust growth after 2016 recorded the worst growth in three decades — Ken Ofori - Atta 10:47 The call to relieve our country and people from a wretched existence is urgent — Ken Ofori - Atta 10:45 The should not simply be a statement to share the national cake between different groups but it should capture how a nation comes together to meet the challenges of our time — Ken Ofori - Atta 10:45 We plan on providing opportunities as many Ghanaians as possible.

Ghana, will pay cocoa farmers GH cents 7,600 cedis (US$ 1,914) per tonne for cocoa beans, during the 2016 - 17 season, nearly a 12 percent increase, more than the last crop year, Deputy Finance Minister, Cassiel Ato Forson, said last Saturday as he announced the start of the new season.

«When Kwabena Bonfeh was the national youth organizer for the party, he campaigned strongly for Samia Yaba Nkrumah in 2008 and Kabila donated 300 T - shirts plus amount of 10million old Ghana cedis to Samia but Ernesto Yeboah as a current national youth organizer has failed to make any impact towards the campaign activities of the CPP in the constituency»

The new figure shows that Ghana's debt increased by 1.3 billion cedis from May to June 2017 as the month of May recorded a debt stock of 137.3 billion cedis.

In the banking sector, the publication showed that total assets of banks as at July stood at 89.1 billion cedis, representing a 32.9 percent growth.

The latest Ghana Labour Force Survey Report by the Ghana Statistical Service said the men in the urban localities of the region demand as much as 1,604 cedis a month as pay.

The worse of all is that with authority given to Dr Bawumia our vice President, he said he arrested the Cedi as the best economist in Ghana and handed it over to you and per his findings the cedi is under lock and key.

Interestingly, his successor, Kwaku Addae Antwi - Boasiako, cancelled the trip hours after his appointment, saying the company had not met certain conditions per the terms of their mining lease, although thousands Ghana cedi, had been paid to the Minerals Commission by Exton Cubic as fees.

Citing examples to support his claim, the Minister said tax revenue of 11 billion cedis fell by 6.4 percent to 10.3 billion cedis, while the cash deficit increased to 2.5 percent as against the 2.2 percent target.

The Minority Spokesperson on Finance, Dr. Athony Akoto Osei, has described as petty, President Mahama's request for the disclosure of the cost of the cedi redenomination exercise undertaken in 2007 by the then NPP administration.

This is because the Nana Addo administration has said revenue from oil and gas, as well as earnings from other mineral resources, will go into funding the policy, which is expected to eat up some 400 million Ghana cedis in its first year of implementation.

Mr. Adams also defended the commitment of the current AG, who he said «has saved this country millions of cedis or dollars that we would have paid as judgment debt.»

It has stabilized the economy and the cedi - dollar relationship isn't giving business folk as many headaches.

The cedi weakened to the lowest level in nearly eight months on Tuesday as local businesses sought more dollars for their end - of - year imports, analysts said.

It added that the «GWCL pays the invoice amount in US Dollars even though it sells the water in Ghana cedis, thereby accumulating more losses as a result of exchange differentials.»