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Pulse business wrap As oil plunges, gov't moves to protect Ghanaian workers

Petroleum Minister Emmanuel Armah Kofi Buah said that government has made clear its position to the oil firms on job cuts, including the need to protect some critical areas.

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As oil plunges, gov't moves to protect Ghanaian workers

Government has said it will work to ensure that Ghanaian workers in the oil and gas industry are not affected by job cuts as a result of falling oil prices.

Petroleum Minister Emmanuel Armah Kofi Buah said that government has made clear its position to the oil firms on job cuts, including the need to protect some critical areas.

 

IMF boss set for second term

Christine Lagarde has been nominated for a second term as the boss of the International Monetary Fund (IMF) after no challenger emerged before closing date on Wednesday, the IMF board declared.

The dean of the executive board, Aleksei Mozhin said “The period for submitting nominations for the position of the next managing director closed on Wednesday.”

 “One candidate, Christine Lagarde, has been nominated,” he added.

 

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.87                             4.17

Pound Sterling             5.59                              5.89

Euro                             4.32                            4.52

 

To updates from the stock exchange today

Standard Chartered Bank Ghana Ltd and UT Bank Limited were the biggest losers of the day, dropping 1p each to close at 16.33p and 0.10p respectively.

CAL Bank Limited and Societe Generale Ghana Limited were the biggest gainers of the day, gaining 1p each to close at 0.97 and 0.84 respectively.

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