Investors Archives - Wontumi Online

30 Jul

Govt Assures Investors Of Stable Tax Environment To Boost Growth

wontumionlineBusinessInvestors, Stable Tax

The government has affirmed its commitment to ensuring that tax policies do not impede the investment environment. Deputy Finance Minister in charge of Revenue, Dr. Alex Ampaabeng, emphasised that this effort is in line with the government’s growth agenda. Dr. Ampaabeng added that Ghana continues to be the premier investment destination in the sub-region for offshore investors. Speaking at the Ghana Investment GC100 CEO’s Breakfast Meeting and Launch of the 21st Ghana Club 100 Awards, which was on the theme: “Partnering for Prosperity, Building a Thriving Ghanaian Economy,” Dr Ampaabeng called for strategic collaborations among sector players to maintain and…

21 Jun

Saglemi Affordable Housing Project: 10 Companies Express Interest- Spokesperson

wontumionlineFeatured, News, TrendingInvestors, Saglemi housing project

Spokesperson for the Ministry of works and housing, Manasseh Atta Boahene has disclosed that 10 companies, both local and international, have expressed interest in investing resources and technical expertise in completing and operationalizing the Saglemi Affordable Housing Project. This comes after the Ministry of Works and Housing issued a Request for Proposals on the 17th of April 2024 to attract bids from across the world and to select strategic investor or consortium of investors to complete and operationalize the housing project. Speaking on Movement in the Morning Show on Movement TV / Wontumi Radio, Mr. Boahene explained that the erstwhile…

05 Feb

Rent Assistance: GA West MCE & Investors To Support Scheme With One Million Housing Units

wontumionlineFeatured, News, TrendingClement Wilkinson, Investors, NRAS

The Municipal Chief Executive of GA West, Clement Wilkinson and some investors from Canada have pledged to support Government's National Rental Assistance Scheme with One million housing units. This comes after the Government had launched the scheme on Tuesday January 31, 2023, in fulfilment of President Nana Akufo-Addo's 2020 campaign promise to pay rent advance for needy Ghanaians. Speaking on Wontumi Kasie on Wontumi Radio, Mr. Wilkinson noted that together with the investors, they are ready to build One million housing units across the country to support the scheme. "I know many will question the feasibility of this project. However,…

24 Jan

Ghana’s Eurobonds Decline As Government Offer Better Terms To Local Securities Investors

wontumionlineBusinesseurobonds, Investors

Ghana’s dollar bonds have fluctuated as concerns rise over the government’s offer of better terms to investors in local government securities, which may shift a bigger burden of a planned restructuring onto holders of the external debt. The eurobond maturing January 2026, on which the nation missed a coupon payment last week, was little changed after S&P Global Ratings downgraded the note to default. Securities due 2027 and 2035, on which coupon payments are due next month, fell marginally. Ghana’s three-pronged approach to its debt restructuring, which includes a swap for local securities, a suspension of payments on eurobonds, and…

31 Oct

Interest Rates Hit 34%; Government T-bills Undersubscribed By 34%

wontumionlineBusinessBoG, imf, Interest rates, Investors, T-Bills

Interest rates on government securities shot up to 34% last Friday, October 28, 2022, but government failed to achieve its target in the latest Treasury bills auction. This may be due to investor concern about the probability of a debt restructuring by government before a programme can be secured from the International Monetary Fund (IMF). Despite the rising yield on the treasury market, investors are mindful of the current economic situation in the country. The IMF and the World Bank are yet to outdoor the nation’s debt situation, whether it is sustainable or not, but there are analyses that the…

14 Sep

Don’t Invest In 17 Unlicensed Investment Products Via Online Channels – SEC, EOCO To Public

wontumionlineBusinessCapital market operators, EOCO, Investors, SEC, unlicensed investment products

The Securities and Exchange Commission (SEC) and the Economic and Organized Crime Office (EOCO) have warned the public to desist from investing in all unlicensed investment products through online channels. The warning comes on the back of a joint investigation carried out by the Commission and EOCO revealing that some 17 Entities operating through online channels are not licensed. According to a joint statement by the two institutions, “the companies are not licensed to operate hence the general public, capital market operators and investors should desist from investing with such firms”. It pointed out that “the Securities and Exchange Commission…