You are welcome to another edition of Week in Focus with The High Street Journal. Here we bring you the highlights of the key stories of the week. I am Tatyana.
Not a good week for the Cedi as it suffered major depreciation hitting 17 Cedis to the dollar. Experts say this fall was primarily driven by high demand for foreign currency.
Fidelity Bank this week denied allegations of involvement in procurement irregularities in dealings with ECG. This denial comes after we reported last week that a coalition of 14 CSOs has sued ECG and Fidelity Bank for procurement breaches. Well, let’s wait for what the court will say.
Some angry Ghanaians are mounting pressure on the Office of the Special Prosecutor and CHRAJ to investigate the CEO of the Minerals Income Investment Fund. This follows an expose’ by Bright Simons alleging the CEO’s involvement in Insider Trading of Ghana’s Lithium Shares.
Businesses that largely depend on electricity have been warned by the Institute for Energy Security (IES) to brace themselves for a tough time ahead as the country’s energy sector continues to suffer challenges. The challenges of gas supply have been further worsened by the shutdown of the Sunon Asogli Power Plant.
In a heartwarming development, Letshego Ghana has been able to 100 Million Ghana Cedis in an oversubscribed bond on the local capital market. This comes as good news as it deepens the local bonds market.
And to music lovers, the Government has launched a one-stop-shop streaming platform to promote Ghanaian music. Ghana Music Xperience – GMX is the platform. Check it out and let’s promote our music.
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This is where we draw curtains on this week’s edition of “The Week in Focus” by The High Street Journal. Let’s meet again next week. Have a great weekend.
