Pulse Business Wrap - 8th Jan 2016 | Domestic bond undersubscribed, Labour minister on salaries

80 views · Published 8 January 2016 · 1:44 · Indexed 12 November 2026

Channel: Pulse Ghana · 2016 · Entertainment

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The three-year 500 million Ghana Cedi -domestic bond issued by the Bank of Ghana on Thursday January 7 on behalf of government has been under- subscribed.
While government wanted a total of 500 million Ghana Cedis, it was able to raise only 426 million Ghana Cedis by the end of the issuance of the bond in total offers out of which it took   373 million Ghana Cedis at an interest of 24.75 percent.

The Labour Minister Haruna Iddrisu has told Journalists in Accra that the 50% pay rise demanded by organised labour is not only "difficult but impossible."
After a series of sweeping increases in taxes, utilities, and levies came into force this year, organised labour has been on the neck of government to increase salaries by 50%  but the labour minister say it is impossible

Aluworks Limited recorded the biggest gain on Thursday, recorded the biggest loss today , dropping 1 Pesewas on its share price closing at 10p, whiles Benso Oil Palm Plantation recording the biggest gain of  all gaining 2 Pesewas on its share price for today at  2. 50p

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