Sentences with phrase «year cedi»

«Gross international reserves means nothing if you don't compare the depreciation of the cedi, in the same period last year our cedi depreciated by 0.04 % now it did 2.5 %.

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.

Not exact matches

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 %.

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.

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.

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

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.

Complainant reported the matter to the Police and on July 29, this year, Anthony met at the London Restaurant and 1,000 dollars, GHC 6,000 cedis and a cheque of 15,000 cedis was given to him.

«He also gave 1million Ghana cedis to the creative industry this year.

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.

Section of Ghanaians are beginning to question government's assurance to address these age long challenges in the short to medium term after the cedi, which was relatively stable against major currencies the whole of last year; has depreciated by 6 percent in the last two months with dumsor also rearing its ugly head.

The Bank's optimism is premised on its performance for last year (2017) where it recorded a profit after tax of 386.17 million cedis.

Ghana sold 1.99 billion cedis worth of a fresh five - year domestic bond on Thursday and the major commodity exporter will...

«I've currently lost investment worth thousands of Ghana cedis last year when the armyworms infested my farm.

A year on year analysis further shows that SSNIT has been able to reduce its indebtedness due to the public institutions by half; from 1.2 to 600 million cedis.

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.

«The sector, in 2016, contributed about 1.6 billion cedis to the Ghana Revenue Authority (GRA), representing 15.8 percent of the GRA's total direct taxes for the year.»

Interestingly, some of these investigative firms have no track record; they were formed this year (2017) for the sole purpose of investigating NDC officials; yet they are raking in hundreds of thousands of dollars or millions of cedis.

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.

However, what has caused controversy is that the president would have to pay rent of a mere 10 cedis annually for 99 years for the lease.

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.

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.

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

The Enchi District Magistrate court has ordered a 50 - year - old labourer, Kwasi Jonathan, to sign a bond of good behavior covering a period of seven months, for stealing a cock worth 50 Ghana cedis.

But this year a combination of an IMF bailout programme, a US$ 1.8 billion cocoa syndicated loan, a US$ 750 million Eurobond and the central bank's tightening of the monetary policy has led to the cedi recording one of its best performances in recent years.

For ver a year now, quite a significant number of Ghanaians have over billions of cedis locked up and the government think that is not a serious issue that requires immediate resolution then you then begin to wonder, what then is emergency, the situation have had serious repercussions not only on economic activities but rather have brought several deaths cases in the form of hanging, poisoning, records from hospitals at these areas affirm this.

In 2008, when the ruling government won at the polls, the cedi begun the year trading at GH cents 0.95 to the dollar and closed at GH cents 1.11, a depreciation of about 17 percent.

This is in contrast to the remarkable stability of the cedi during the eight years of NPP government.

In March this year five policemen, including the East Legon District Police Commander, DSP Emmanuel Basintale were arrested in connection with a number of alleged fraudulent gold deals running into several millions of Ghana cedis.

Successful applicants will work under one of the seven modules based on their qualification and skills, and would be entitled to a monthly allowance of 700 Ghana cedis for a period of three years.

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.

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.

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.

According to Mr. Yaw Owusu, the Assembly Member for the area, from January to March this year, more than 20 armed robbery cases had been recorded, whilst the victims lost many valuable goods including plasma televisions, home theatres, gas cookers and cylinders, clothes, jewels and cash running into thousands of cedis.

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.

According to Dr. Bawumia, in 8 - years of the administration of President John Agyekum Kufuor, the Bank of Ghana spent some $ 2.5 billion in non-oil foreign exchange sales to stabilize the cedi.

It is the state's case that within three years, Dr Opuni caused 217 million cedis loss to the taxpayer through dubious contracts to supply fertilisers from Germany.

He also pointed out the fact that by the end of 2014 the cedi would have depreciated by more in one year than in the entire period of the last NPP government.

The cedi, which had been fairly stable in the second half this year, began slipping this month on speculative activity following the government's failure to meet its sale target for a six - billion - cedi energy bond.

A leader in the sanitation industry in the country, Zoomlion Ghana Limited has donated 10 brand new Nissan pickup trucks and a number of motor cycles worth over 1.5 million Ghana cedis to the Accra metropolitan Assembly (AMA) in a bid to help the Assembly realize its projection and the president's vision of making Accra the cleanest city in the African Region by the year 2020.