Bank of Ghana revokes licenses of 70 microfinance and money lending companies
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The Bank of Ghana (BoG) has revoked licenses of some 70 microfinance and money lending companies.
The Bank of Ghana (BoG) has revoked licenses of some 70 microfinance and money lending companies.
Parliament on Wednesday approved a $1 billion sovereign bond from the European market to finance the 2016 budget and to offset some of the country's loans.
On Oct. 23, 2015, Standard & Poor's Ratings Services affirmed its 'B-/B' long-and short-term foreign and local currency sovereign credit ratings on Ghana. The outlook is stable.
Ghana will seek to issue a fresh Eurobond of up to $500 million by year end if market conditions are right, Finance Minister Seth Terkper told a news conference on Friday.