Pulse Business Wrap - 11th Jan 2016 | BoG wants more authority, Govt settles Ghc3.8m in arrears
63 views · Published 11 January 2016 · 1:39 · Indexed 24 September 2026
Channel: Pulse Ghana · 2016 · Entertainment
The Bank of Ghana is seeking more powers to effectively deal with what it describes as the crisis that has currently hit the microfinance sector. Outgoing Head of Other Financial Institutions at BoG, Raymond Amanfo says depositors funds will be better protected if the central bank is also empowered to take certain actions in the approval process. Elsewhere, The government has settled about GH¢3.8 billion of its arears in statutory payments as of the end of the fiscal year December 31, last year. The payments, the first time in many years, are in line with the Government Public Expenditure Management and Arrears Clearance programme as indicated in the 2015 Budget and Economic Policy of the government. In total, the Ministry of Finance made GH¢3.75 as payments to statutory funds in 2015. On the currency market Currency Buying Selling Dollar 3.79 3.90 Pound Sterling 5.52 5.53 Euro 4.1 4.40 To the biggest gainers and losers on the Ghana Stock Exchange: Mechanical Loyd recorded the biggest loss for the day, losing 2 Pesewas on its share price closing at 17p, while Aluworks and Cocoa Processing Company loss a pesewa each to close at 12p and 1p respectively. Meanwhile Entreprise Group and Goil gained 1p each to be the biggest gainers for the day. ********************************* WATCH THE PREVIOUS VIDEO: http://bit.ly/24f4ML6 WATCH THE NEXT VIDEO: http://bit.ly/1PLqRJA WATCH ALL VIDEOS IN THIS PLAYLIST: http://bit.ly/1OjREbX For more news, interviews, entertainment, funny videos and more like this, SUBSCRIBE NOW: http://bit.ly/pulseghana Pulse.com.gh is Ghana's online news platform, serving round-the-clock news, politics, business, sports, entertainment, lifestyle, events and videos. To get the latest news, go to our website: http://pulse.com.gh FOLLOW Pulse.com.gh on social media: FACEBOOK: http://www.facebook.com/pulseghana TWITTER: https://twitter.com/pulseghana INSTAGRAM: https://instagram.com/pulseghana GOOGLE PLUS: https://plus.google.com/+PulseGhana0 VIBER: http://www.viber.com/pulseghana Get daily news updates via Whatsapp. Simply save +233200654321 as “Pulse GH News” and send START via Whatsapp to receive updates. DOWNLOAD the Pulse.com.gh news app and stay informed everywhere you go. Android: http://bit.ly/1Dsi8UT iPhone: http://apple.co/1MihCjh
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