Pulse Business Wrap NPA to pay BDC debts with interest

The Bulk Oil Distribution Companies owe commercial banks huge sums of money due to government’s inability to pay the debts owed them.

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NPA to pay BDC debts with interest

The National Petroleum Authority has contracted audit firm, Ernst and Young to validate interest accrued on the 530 million dollar- debts owed Bulk Oil Distribution Companies by government.

The Bulk Oil Distribution Companies owe commercial banks huge sums of money due to government’s inability to pay the debts owed them.

The debts are as a result of subsidies and forex losses accumulated over the years that government is supposed to pay to the BDCs.

YEA pays youths GHC300 as allowance

Labour and Employment Minister, Haruna Idrisu has revealed that the Youth Employment Agency has began the recruitment of 100,000 Ghanaians across the country.

The minister, earlier revealed that the YEA would employ 12,000 youth every month in order to meet an annual target of 600,000 employments.

Haruna Idrisu was particularly buoyant about the Youth Employment Authority’s ability to promptly pay allowances as compared to its predecessor GYEEDA.

We go to the currency market

Currency                      Buying                         Selling

Dollar                            3.80                             4.10

Pound Sterling             5.50                              5.80

Euro                             4.33                              4.63

 

On how your stocks performed on the GSE Index today

GGBLRT were the biggest losers of the day, losing 8p to close at 0.02p….whereas SCB were the biggest gainers of the day, gaining 83p to close at 14.93p.

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