Tag: University of Cape Coast
Ghana’s President Nana Akufo-Addo says the country has reached an agreement with the Bank of Ghana and other commercial banks in the country to raise three billion cedis to support specific industries affected by the COVID-19 pandemic. John Gatsi, Dean of the School of Business at the University of Cape Coast joins CNBC Africa to assess the palliatives rolled by the Ghanaian government so far.
Ghanaian government has announced an 85.9 billion cedi appropriation bill for the 2020 fiscal year. The country’s Minister of Finance, Ken Ofori-Atta, disclosed the details in a presentation before the Parliament. John Gatsi, Dean of the School of Business at the University of Cape Coast (UCC) joins CNBC Africa from Accra to unpack the budget and discuss other stories making the rounds in Ghana.
The International Monetary Fund (IMF) says it expects Ghana's economy to grow by 7.5 this year and drop to 5.6 per cent by 2020. Dean of School of Business at University of Cape Coast, John Gatsi joins CNBC Africa to discuss IMF's projections for the country.
Starting from the first of July, Ghanaians will be paying 8.01 per cent higher for water according to the new tariffs permitted by Ghana’s Public Utility Regulatory Commission. While electricity tariffs were also raised by just over 11 per cent.
Ghana is looking to attract foreign capital by improving its business environment with the announcement of 10 new measures. Meanwhile, the country is seeking a $750 million U.S dollar bridge loan from Stanchart and Standard bank. John Gatsi, Head; Finance Department at the University of Cape Coast joins CNBC Africa to discuss Ghana’s funding strategy as it prepares to exit the IMF programme.
The Bank of Ghana has issued a list of 23 licensed banks in Ghana but what are the expectations for the sector in the first quarter of the year following the completion of the recapitalization reforms?
Industry experts are calling for an independent probe following the recent collapse of five banks in Ghana. John Gatsi, Economist at the University of Cape Coast joins CNBC Africa from Ghana to discuss this development.
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