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July 2017

African Development Bank President to Pay Official Visit to Ghana

The President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina is scheduled to pay a working visit to Ghana, from 1st to 3rd August, 2017. He will be accompanied by Ghana’s Executive Director at the Bank and Senior Advisors.
2.         The visit will afford the AfDB President the opportunity to discuss the government development agenda and priority programmes, and ascertain the impact of the African Development Bank Group’s interventions in the country.

Ensure Real Time Monitoring – Hon. Kwaku Kwarteng

Hon. Kwaku Kwarteng (MP), a Deputy Minister of Finance has tasked the Board of the National Lottery Authority (NLA) to ensure real time monitoring of stakes at shut down to determine those who have won stakes in real time.
He said the situation where the State cannot validate claims of wins is a fatal weakness in the operations of the NLA. Government, he noted, will give all its support to ensure that real time monitoring of wins is realized.

Government’s 5-Year Bond Issuance In July, 2017

ISSUER:                              Republic of Ghana 
SIZE:                                    GHS [To Be Determined] 
ISSUE:                                 Treasury Bonds (the "Notes", "Bonds")
MATURITY:                          2022 (5-year issuance)
SECURITY:                          Senior Unsecured

Bank of Ghana cuts Policy Rate to 21%

For the fourth time this year, the Monetary Policy Committee (MPC) of the Bank of Ghana has reduced its policy by 150 basis points to 21% from 22.5%. Addressing journalists at a news conference in Accra Monday, the governor cited an improved economic outlook for the rate cut adding that “economic activity continued to improve supported by a rebound in crude oil production.

GEMS TA Project -Request for Expression of Interest Consultancy Services To Develop National Borrowing Guidelines

Objectives of the Assignment
The objective of the assignment is to develop a NBG to regulate the acquisition of concessional and non-concessional borrowing by MDAs, MMDAs and state owned enterprises (SOEs) in order to ensure debt sustainability in accordance with Ghana’s medium-term debt management strategy. 

Consultancy Services Firm Selection - Consultancy Services for the Design of Ghana Revenue Authority's Data Warehouse, Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) Platforms

Objectives of the Assignment
The objective of this consultancy assignment is to enable Ghana Revenue Agency (GRA) develop its functional requirements that could be used to identify and acquire the appropriate technology and implementation services for an appropriate Data Warehouse and Business Intelligence solution and the CRS & FATCA, including the set-up of governance arrangements and support within the GRA.


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