Inflation
May 2017
12.60%
GHACEM Presents Dividend to Government

Accra, Monday June 5, 2017 – Ghacem Limited, a leading cement producing company in Ghana, has presented a cheque of GH¢3.5 million as part of its dividend payment to government. 
 
The Managing Director (MD) for Ghacem, Mr. Morten Gade, said in December 2016, an initial amount of GH¢4.5 million was paid and that this additional payment of GH¢3.5 million, totalling GH¢8.0 million, represents its final payment of 2016 dividend to government.

GHANA SIGN “FIRST AMENDATORY BUYER’S CREDIT AGREEMENT” AND “CREDIT CONFIRMATION STATEMENT” WITH EXIM BANK OF INDIA ON TEMA TO AKOSOMBO RAILWAY LINE CONSTRUCTION PROJECT TO BE EXECUTED BY AFCONS INFRASTRUCTURES LTD. OF INDIA

Accra, Monday May 29, 2017 -, Hon. Charles Adu Boahen, a Deputy Minister of Finance on behalf of the Hon. Minister for Finance has signed “First Amendatory Buyer’s Credit Agreement” and “Credit Confirmation Statement” on the Tema to Akosombo Railway Line Project at the side lines of the African Development Bank Annual Meetings in India.   
 
2.         On 22nd November, 2016 the Government of Ghana represented by the then Hon. Minister of Finance signed a US$398.33 mn (Three Hundred Ninety-Eight Million, Three Hundred and Thirty-Three Thousand United States Dollars) credit facility provided by Exim Bank of India for the Construction of Tema to Akosombo Railway Line Project after receiving Executive and Parliamentary Approvals on 24th October and 31st October, 2016 respectively.

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