Sentences with phrase «cedis in»

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.

In this year's state of the nation address given by our dear president Nana Akufo - Addo, he outlined the need for us to resource our sub-metros so that they will deliver on their mandate to keep the city clean, and in support of that we want to stand behind our hardworking mayor to donate 10 pickups, 20 motorized tricycles and other cleaning logistics to the tune of 1.5 million Ghana cedis in support of the clean Ghana agenda» Mrs. Florence Larbi said.

«From 2001 to 2008, the NPP accumulated a total debt stock 56.9 billion cedis, taking it from 9.7 billion cedis in 2008.

Indeed from independence in 1957 to 2008, Ghana's total debt was 9.5 % Billion Cedis; however; in the last seven years alone under this NDC government, Ghana's total debt has ballooned from 99.5 billion cedis to 100 billion cedis in 2015; and a 105 billion cedis by May 2016.

The COPEC boss had alleged that persons connected to the BOST MD had threatened him after he uncovered a supposed shady deal at BOST which is believed to have cost the nation 23 million cedis in revenue.

Government expects to spend an estimated 62 billion cedis in the 2018 financial year, Finance Minister Ken Ofori - Atta has revealed.

Asamoah Gyan has helped in several philanthropical works in his home country, Ghana, having spent over GHC 2 million cedis in community and social intervention programmes.

President Mahama, stated that «With the opening of this interchange on which at peak hours is used by about 80,000 vehicles and daily it is estimated to be used by about 200,000 vehicles, reducing travelling time between the Ring Road Central and Feo Oyeo Intersection towards the North Industrial Area from two hours to just approximately five minutes, not only are we saving hundreds of millions of cedis in time wasted by the delay and the travel time, but we are also stimulating business and economic activity,» he added.

Meanwhile, total benefits paid by the pension scheme went up to 1.2 billion cedis in 2015 from the 941 million cedis the previous year.

Also, the pension's scheme in 2015 mobilized 2.1 billion cedis in contributions in 2015 up by almost 19 percent from the 2014 figures.

This shot to 1.07 billion cedis in 2014, an amount that was obviously difficult to raise resulting in the series of threats and suspension of services to NHIS card bearers.

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.

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.

He said the performance of the cedi in the last eight years is in sharp contrast to the remarkable stability of the cedi during the eight years of the erstwhile NPP government under President John Agyekum Kufuor.

If it is not speculators, they will tell you it is the redenomination of the cedi in 2007 that is the cause of the current crisis.

Not exact matches

• 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.

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.

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

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.

«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 %.

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.

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.

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.

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.

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.

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.

• 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.

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

The Finance Ministry additionally raised cedi equivalent of USD1.12 billion in five and 10 - year bonds through a tap arrangement.

A leaked highly confidential government document suggests that Ghana's presidency has been rather lenient in its handling of the bus branding scandal which led to some 1.9 million Ghana cedis loss to the state due to an overpayment.

We have had to subject 11 billion cedis of arrears, bequeathed to us in 2017, to a process of audit review and validation.

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.

Putting all the figures together in Ghana cedis, that's about Ghc40billion if all these bonds go through.

Those found culpable are to face the appropriate penalties and sanctions for their respective roles in causing the public purse to lose more than 1.9 million Ghana cedis to Smarttys in a deal that should not have cost the national kitty more than 1.7 million Ghana cedis.

Did Dr Bawumia tell the good people of Ghana e.g Bunkpurugu, Kasoa etc in 2016 that if NPP wins the 2016 December elections (which they won) that starting from 2017 without fail, that each constituency will receive a cedi equivalent of $ 1m.

Dr Bawumia who launched the project announced the saving of billions of cedis which was allegedly going to line the pockets of private individuals in the John Mahama government, had this government not acted quickly.

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.

Speaking in an interview with Accra - based Class FM, IES Principal Researcher, Richmond Rockson, said aside the rising price of Gasoline and Gasoil on the international market, the depreciation of the cedi also means Ghanaians should expect to pay more when it comes to fuel prices.

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.

In the budget ceilings we have announced by the Finance Ministry, we have a budget of 800 million for elections, the first round so this gives us a funding gap of 400 million Ghana cedis.»

They have accused government of misplaced priority considering that the state could have raked in nearly Ghc5 million cedis a month if it had given out the spaces on the 116 buses for commercial advertisement.

He said he took over office at a time the economy was declining, the cedi had lost its value, inflation was rising, unstable power supply and a deficit in social infrastructure.