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Pulse Business Wrap Parliament passes Bank of Ghana amendment bill

The bill among other things seeks to guarantee the independent of the central bank and powers the central bank to come to the aid of struggling microfinance institutions.

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Parliament passes Bank of Ghana amendment bill

Parliament on Tuesday passed the Bank of Ghana Amendment Bill in a move to enhance the powers of the central bank.

The bill among other things seeks to guarantee the independent of the central bank and powers the central bank to come to the aid of struggling microfinance institutions.

However, Parliament refused to agree to the zero financing of government by the Bank of Ghana as required per Ghana's $918 million aid deal with the International Monetary Fund (IMF).

Stable power restored - VRA

The Volta River Authority (VRA) has said stable power supply has been restored, rejecting suggestions for a load shedding timetable.

Head of communications at the VRA, Gertrude Koomson, noted that most of the inactive turbines are back on steam.

According to her, the power supply has improved compared to weeks ago.

Mrs Koomson's assertion was backed by the Deputy Power Minister, John Jinapor.

He noted that government has stabilised the power situation for the past one week after tumultuous two weeks.

 

We go to the currency market

Currency                      Buying                         Selling

Dollar                            3.96                             4.26

Pound Sterling             5.22                             6.52

Euro                               4.40                            4.70

 

On how your stocks performed on the GSE Index today

 

GCB were the biggest gainers of the day, gaining 7p to close at 3.35p

UTB were the biggest losers of the day, losing 1p to close at 0.07p

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