THE REPUBLIC of GHANA Global Medium Term Note Programme
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Economic Governance Reform and Financial Stabilization in the EU and in the Eurosystem – Treaty-Based and Intergovernmental Decisions
Economic Governance Reform and Financial Stabilization in the EU and in the Eurosystem – Treaty-Based and Intergovernmental Decisions Sylvia Gloggnitzer, The institutional framework and the tools for economic governance provided by the Treaty of Isabella Lindner1 Lisbon were inadequate for preventing or resolving the recent banking and sovereign debt crisis in the EU. For instance, the Treaty did not provide any instruments for stabilizing euro area finances, and the existing economic governance instruments, such as the Stability and Growth Pact or the Broad Economic Policy Guidelines, were not applied adequately by the Member States. In addition, the institutional decision-making procedures foreseen by the Treaty proved too sluggish during the crisis. Therefore, most of the measures taken to remedy the situation were agreed through intergovernmental decision-making, with the European Council evolving as the key player in the governance process, rather than through standard EU procedures (with the “Community Method”). The deepening of euro governance, alongside the EU governance framework, resulted from the fact that the euro area required a coherent and efficient economic governance structure. The willingness to offer financial solidarity within the euro area correlates with the willingness of distressed Member States to implement sustainable national fiscal policies. To ensure the long-term success of the euro, the euro area will, however, have to adopt a common overall strategy that adds more value to its economic success as an entity. -
How Firms Borrow in International Bond Markets
HOW FIRMS BORROW IN 2016 INTERNATIONAL BOND MARKETS: SECURITIES REGULATION AND MARKET SEGMENTATION Alberto Fuertes and José María Serena Documentos de Trabajo N.º 1603 HOW FIRMS BORROW IN INTERNATIONAL BOND MARKETS: SECURITIES REGULATION AND MARKET SEGMENTATION HOW FIRMS BORROW IN INTERNATIONAL BOND MARKETS: SECURITIES REGULATION AND MARKET SEGMENTATION Alberto Fuertes and José María Serena (*) BANCO DE ESPAÑA (*) The authors acknowledge Mirko Abbritti, Peter Backe, Carmen Broto, Branimir Gruic, Ángel Estrada, Ingo Fender, Ignacio Hernando, Pilar L’Hotellerie-Fallois, Philip Lane, José Manuel Marqués, Luis Molina, Pedro del Río, Carlos Serrano, Liliana Rojas-Suárez, Sergio Schmuckler and Vlad Sushko, and participants at the VIII Emerging Economics Workshop, Banco de España Research Seminar, Oxford University-IFABS Conference on Corporate Finance, and IDB- Financial Stability and Development (FSD) Group Seminar for helpful comments and suggestions; and Ana Arencibia for research assistance. The authors’ views need not coincide with those of the Banco de España or the Eurosystem. Corresponding authors: [email protected], [email protected]. Documentos de Trabajo. N.º 1603 2016 The Working Paper Series seeks to disseminate original research in economics and fi nance. All papers have been anonymously refereed. By publishing these papers, the Banco de España aims to contribute to economic analysis and, in particular, to knowledge of the Spanish economy and its international environment. The opinions and analyses in the Working Paper Series are the responsibility of the authors and, therefore, do not necessarily coincide with those of the Banco de España or the Eurosystem. The Banco de España disseminates its main reports and most of its publications via the Internet at the following website: http://www.bde.es. -
22 March 2019 FINAL TERMS the REPUBLIC of GHANA Legal Entity Identifier (LEI): 213800PP4399SNNXZ126 Issue of U.S.$1,000,000,000
22 March 2019 FINAL TERMS THE REPUBLIC OF GHANA Legal entity identifier (LEI): 213800PP4399SNNXZ126 Issue of U.S.$1,000,000,000 8.950 per cent. Amortising Notes due 2051 under the Global Medium Term Note Programme PART A – CONTRACTUAL TERMS MIFID II product governance / Professional investors and ECPs only target market – Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, “MiFID II”); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (a “distributor”) should take into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels. In connection with Section 309B of the Securities and Futures Act (Chapter 289) of Singapore (the “SFA”) and the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (the “CMP Regulations 2018”), the Issuer has determined the classification of the Notes as prescribed capital markets products (as defined in the CMP Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products). -
Ghana Marine Canoe Frame Survey 2016
INFORMATION REPORT NO 36 Republic of Ghana Ministry of Fisheries and Aquaculture Development FISHERIES COMMISSION Fisheries Scientific Survey Division REPORT ON THE 2016 GHANA MARINE CANOE FRAME SURVEY BY Dovlo E, Amador K, Nkrumah B et al August 2016 TABLE OF CONTENTS TABLE OF CONTENTS ............................................................................................................................... 2 LIST of Table and Figures .................................................................................................................... 3 Tables............................................................................................................................................... 3 Figures ............................................................................................................................................. 3 1.0 INTRODUCTION ............................................................................................................................. 4 1.1 BACKGROUND 1.2 AIM OF SURVEY ............................................................................................................................. 5 2.0 PROFILES OF MMDAs IN THE REGIONS ......................................................................................... 5 2.1 VOLTA REGION .......................................................................................................................... 6 2.2 GREATER ACCRA REGION ......................................................................................................... -
The Determinants of Bank's Profitability in Ghana, The
The Determinants of Bank’s Profitability in Ghana, The Case of Merchant Bank Ghana Limited (MBG) and Ghana Commercial Bank (GCB) By Anthony Kofi Krakah & Aaron Ameyaw Henrik Sällberg (Supervisor) Master’s Thesis in Business Administration, MBA programme 2010 Table of Contents Table of Contents ............................................................................................................................................ i ABSTRACT ...................................................................................................................................................... v ACKNOWLEDGEMENT ........................................................................................................................................ vi CHAPTER ONE ............................................................................................................................................... 1 1.0 INTRODUCTION ...................................................................................................................................... 1 An overview of the banking industry in Ghana ..................................................................................................... 3 1.2 Background of the banks ......................................................................................................................... 6 Global Banking Industry .................................................................................................................. 12 Statement of the problem .......................................................................................................................... -
Parasitic Infections and Maternal Anaemia Among Expectant Mothers
Tay et al. BMC Res Notes (2017) 10:3 DOI 10.1186/s13104-016-2327-5 BMC Research Notes RESEARCH ARTICLE Open Access Parasitic infections and maternal anaemia among expectant mothers in the Dangme East District of Ghana Samuel Crowther Kofi Tay1, Emmanuel Agbeko Nani1 and Williams Walana2* Abstract Background: Parasitic infections are of public health concern globally, particular among at risk groups such as preg- nant women in developing countries. The presence of these parasites during pregnancy potentiate adverse effects to both the mother and the unborn baby. This study sought to establish the prevalence of some parasitic agents among antenatal attendees in the Dangme East District of Ghana. A cross-sectional prospective study was conduct between April and July, 2012. Venous blood specimens were collected from each participant for haemoglobin estimation and malaria microscopy. In addition participants’ early morning mid-stream urine and stool specimens were analyzed microscopically for parasitic agents. Results: A total of 375 pregnant women were involved in the study, of which anaemia was present in 66.4% (249/375). However, parasitic infections associated anaemia prevalence was 49.6% (186/375). In all, 186 cases of para- sitic infections were observed; 171 (44.0%) were single isolated infections while 15 (4.0%) were co-infections. Plasmo- dium species were significantly associated with anaemia (13.3%, χ2 23.290, p < 0.001). Also, the presence of Schisto- soma haematobium (3.7%, χ2 7.267, p 0.008), Schistosoma mansoni= (5.3%, χ2 5.414, p 0.023) and hookworm (3.7%, χ2 11.267, p 0.008)= were significantly= associated with anaemia in pregnancy.= Except= where co-infections exist (3.7%,= χ2 11.267,= p 0.001), the rest of the single infections were insignificantly associated with anaemia. -
Health Care and Infrastructure in Accra, Ghana
Health Care and Infrastructure in Accra, Ghana Jennifer L. Pehr Advanced Issues in Urban Planning 27 April 2010 Page 1 of 21 Introduction Ghana, located in West Africa, was the first of the colonized countries in Africa to declare its independence. Accra is Ghana‟s capital city, and serves as the geographic and economic gateway to this region. The city‟s diverse economy is home to both local and regional traders as well as many international companies. Since its independence, Accra‟s population has increased rapidly. In 1957, the city had a population of approximately 190,000 (Grant &Yankson, 2003); today, the city‟s population is estimated to be over three million (Millennium Cities Initiative website). Accra experienced a period of rapid spatial expansion in the 1980s, and has been urbanizing rapidly ever since. Much of the city‟s growth has not been planned, and as a result, Accra‟s spatial expansion in recent years has occurred in some of the poorest areas of the city. This unfettered and unplanned growth has had severe implications for the population of Accra, and is most pronounced in the lack of basic urban infrastructure, including water and sanitation, transportation, education and health care in many parts of the city. In January 2010, Accra partnered with the Millennium Cities Initiative (MCI) to become a “Millennium City.” MCI works with underserved urban areas in sub-Saharan Africa to help them eradicate extreme poverty and to attain the Millennium Development Goals (MDGs) (MCI website). To fully realize a city‟s social and economic potential, needs assessments are conducted in many areas, including education, gender, water and sanitation, health and opportunities for economic development and foreign direct investment. -
RESTRICTED WT/TPR/S/298 16 April 2014 (14-2369) Page
RESTRICTED WT/TPR/S/298 16 April 2014 (14-2369) Page: 1/105 Trade Policy Review Body TRADE POLICY REVIEW REPORT BY THE SECRETARIAT GHANA This report, prepared for the fourth Trade Policy Review of Ghana, has been drawn up by the WTO Secretariat on its own responsibility. The Secretariat has, as required by the Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), sought clarification from Ghana on its trade policies and practices. Any technical questions arising from this report may be addressed to Jacques Degbelo (tel.: 022 739 5583) and Catherine Hennis-Pierre (tel.: 022 739 5640). Document WT/TPR/G/298 contains the policy statement submitted by Ghana. Note: This report is subject to restricted circulation and press embargo until the end of the first session of the meeting of the Trade Policy Review Body on Ghana. This report was drafted in English. WT/TPR/S/298 • Ghana - 2 - CONTENTS SUMMARY ........................................................................................................................ 7 1 ECONOMIC ENVIRONMENT ........................................................................................ 10 1.1 Major Features of the Economy .................................................................................. 10 1.2 Recent Economic Developments.................................................................................. 13 1.3 Developments in Trade and Foreign Direct Investment .................................................. -
Annual Report 1998 Unidanmark Unibank Contents
Annual Report 1998 Unidanmark Unibank Contents Summary . 6 Financial review . 8 The Danish economy . 14 Business description . 15 Retail Banking . 15 Corporate Banking . 21 Markets . 23 Investment Banking . 25 Risk management . 26 Capital resources . 33 Employees . 35 Management and organisation . 37 Accounts Accounting policies . 42 The Unidanmark Group . 44 Unidanmark A/S . 50 Unibank A/S . 55 Notes . 59 Unidanmark’s Local Boards of Shareholders . 84 Unibank’s Business Forum . 85 Branches in Denmark . 86 International directory . 88 Notice of meeting . 90 Management Supervisory Board of Unidanmark Jørgen Høeg Pedersen (Chairman) Holger Klindt Andersen Laurids Caspersen Boisen Lene Haulrik* Steffen Hvidt* Povl Høier Mogens Hugo Jørgensen Brita Kierrumgaard* Kent Petersen* Mogens Petersen Keld Sengeløv * Appointed by employees Executive Board of Unidanmark Thorleif Krarup Supervisory Board of Unibank Unibank’s Supervisory Board has the same members as the Supervisory Board of Unidanmark. In addition, as required by Danish banking legisla- tion, the Danish Minister of Business and Industry has appointed one mem- ber of the Supervisory Board of Unibank, Mr Kai Kristensen. Executive Board of Unibank Thorleif Krarup (Chairman) Peter Schütze (Deputy Chairman) Christian Clausen Jørn Kristian Jensen Peter Lybecker Henrik Mogensen Vision We are a leading financial services company in Denmark with a prominent position in the Nordic market. We ensure our shareholders a return in line with the return of the best among comparable Nordic financial services companies. Through our customer focus, efficient business processes and technology we create customer satisfaction and attract new customers. This confirms the customers in their choice of bank. Unibank is an attractive workplace where team spirit and customer focus are important criteria for individual success. -
Government of Sierra Leone
Government of Sierra Leone PRESS RELEASE SIGNING OF THE UTILITY GRID INFRASTRUCTURE AND ELECTRICITY SUPPLY AGREEMENT BETWEEN GOVERNMENT OF SIERRA LEONE AND KARPOWER INTERNATIONAL DMCC (Monday, 11 June 2018 - Freetown, Sierra Leone) The Government of Sierra Leone represented by The Ministry of Energy, the Ministry of Finance and the Electricity Distribution and Supply Authority, EDSA, have today concluded and signed a two-year Utility Grid Infrastructure & Electricity Supply Agreement with the Karadeniz Powership Kaya Bey Company Limited, (Karpowership), for the generation of electricity from its Maritime vessel docked in Freetown. I. Background In a bid to alleviate the immediate power challenges and to ensure a more sustainable and affordable power supply for the next twenty-four months, the Ministry of Finance, the Ministry of Energy in collaboration with the Electricity Distribution and Supply Authority, (EDSA), and the Electricity Generation and Transmission Company, (EGTC), constituted a committee to renegotiate the terms of the contract with Karpowership. Late last year, the previous Government entered into an arrangement with Karpower International to supply 30MW for a period of 5 years at 19.596 USc/KWh. This, in excess of the average tariff paid by EDSA’s customers of 18.76 USc/KWh, would have resulted in high deficits for the Authority, a situation that has made EDSA heavily reliant on Government’s subsidies for the cost of daily operations. In general, subsidies negatively affect Government’s spending on required social sector services, particularly in education and health. 1 II. Gains from Renegotiations We are pleased to inform the general public that the Committee has successfully renegotiated the Agreement and made the following substantial gains: i. -
ZEEBRIEF 164 14 Maart 2020 Mutaties Nederlandse Zeeschepen
j jaar ZEEBRIEF 164 14 maart 2020 Mutaties Nederlandse Zeeschepen, NIEUWSBRIEF-266 A1C WILLIAM H. PITSENBARGER, IMO 8124371, 18-11-1981 contract, 2-3-1983 kiel gelegd, 3-9-1983 te water gelaten als THERESE DELMAS, 12-1983 opgeleverd (BV) door Chantiers de l’ Atlantique, St. Nazaire (D28) aan Société Navale Chargeurs Delmas-Vieljeux (S.N.C.D.V.), Duinkerken-Frankrijk (FNYZ). Containerschip, 30.750 BRT, 10.038 NRT, 32.709 DWT. 1417 TEU. 189,01 (178,33) x 32,21 x 18,83 x 11,400 meter. 5 ruimen, 5 dekkranen, 297,5 en 2.197,5 ton bunkers, verbruik 43,5 ton/dag, 18 kn. 15.255 EPK, 11.199 kW, 7 cyl, 2 tew, 660 x 1400, Sulzer 7RLB66, Cie. De Const. Mec. Sulzer CCM, Mantes. 1986 verkocht aan Société Navale et Commerciale Delmas-Vieljeux (S.N.C.D.V.), Duinkerken- Frankrijk. 1991-1995 verkocht aan SCAC-Delmas-Vieljeux (S.D.V.), Duinkerken-Frankrijk, 1-9-1996 in beheer bij Delmas Armement. 1999 thuishaven en vlag: Nassau-Bahamas. 2000/2001 verkocht aan RR & VO L.L.C. 1-3-2001 verkocht door RR & VO L.L.C. aan US Navy, 2001 ingebracht bij Tuskeegee Shipholding Co. L.L.C., thuishaven: Baltimore Md. (WDJJ), in beheer bij Red River & Van Ommeren L.L.C., in operationeel beheer bij Red River Shipping Corp. of Rockville, Md. voor contract bij Military Sealift Command (MSC). 15-10-2001 vertrokken van Antwerpen naar Charleston. 28-11-2001 bij Detyens Shipyard, Charleston, S.C. gedoopt A1C WILLIAM H. PITSENBARGER (T-AK 4638) door de naamgever, genoemd naar de Amerikaanse Vietnam oorlogsheld, contract voor 5 jaar met Militairy Sealift Command, verbouwd voor het vervoer van munitiën en ingezet bij de Air Force met als basis Diego Garcia, 12-12-2001 in dienst bij Militairy Sealift Command, ingezet in de Pacific voor Maritime Prepositioning Program Squadron Three. -
Smes and Public Equity Financing: a New Dataset of SME Boards in Emerging-Market and Developing Economies
SMEs and Public Equity Financing: A New Dataset of SME Boards in Emerging-Market and Developing Economies John Schellhase and Jim Woodsome August 2017 Introduction In recent years, a number of stock exchanges in emerging-market and developing economies have established dedicated market segments for small and medium-sized enterprises (SMEs). The main purpose of these SME boards, as they are often called, is to expand access to equity finance for relatively small but growing firms with the potential, as a group, to significantly contribute to economic growth and employment. In some cases, SME boards also serve as feeder exchanges, incubating firms for later graduation to a stock exchange’s main board. Today, there around 30 dedicated SME boards in emerging-market and developing economies, the majority of which have been established in the last decade or so. Due to the role these firms can play in creating jobs and diversifying economies, improving access to finance for SMEs is a long-standing policy goal in developed and developing countries alike. As banks have curbed their lending to SMEs in the wake of the global financial crisis, policymakers and industry bodies are now increasingly emphasizing non-bank financing alternatives for SMEs. Public equity financing is one option that may be suitable for fast-growing SMEs with the capacity to meet the listing requirements. SME boards may contribute to expanding financial access for SMEs both directly, by facilitating access to public equity financing, and indirectly, by incentivizing listing firms to improve their financial reporting and corporate governance practices, which may, in turn, make them more appealing to credit-based lenders.