30October2014

Business in Ghana

S&P Downgrades Ghana; But Finance Minister Confident Of Regaining Status

Standard & Poor’s (S&P), an international rating agency, has cut Ghana’s credit rating by one level, amid concerns that external financial support will not be enough to narrow the country’s budget deficit.

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Gov’t Defiant On Tier-2 Pension Cash

Government has assured striking public sector workers that their Tier-2 pension contributions are safe, even though it is adamant the funds will not be released to the workers’ private trusts until the state is satisfied with structures put in place to guarantee the value of investments which will be made from the funds.

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Gov’t Assures Ghanaians Pension Funds Is Intact At The Bank Of Ghana

Minister of Employment and Labour Relations, Haruna Iddrisu has asked workers to invest their trust in government rather than in a union or a scheme.

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Rain Forces Kumasi Airport Closure

Unanticipated heavy rainfall in the Ashanti regional capital of Kumasi is hampering on-going rehabilitating works on the Kumasi Airport runway.

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Don’t Fear To Take Initiatives - Edward Effah Charges Youth

The Managing Director of Fidelity Bank, Edward Effah has charged the youth in Ghana not to fear to take initiatives.

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