Ghana Association of Bankers announces Exchange Rates
Lawra unable to meet revenue estimates?
Ghana Association of Bankers announces Exchange Rates
Accra (Greater Accra) 18 Dec. '99
Following are the average inter bank exchange rates of the cedi to the dollar and derived rates for other major foreign currencies on Friday December 17, as announced by the Ghana Association of Bankers:
Currency Buying Selling
US Dollar 3,424.18 3,531.45
Pound Sterling 5,534.16 5,711.06
French franc 533.90 550.48
Swiss Franc 2,185.17 2,252.53
Deutsche mark 1,790.12 1,846.75
Canadian Dollar 2,320.40 2,391.77
Japanese Yen 33.26 34.30
Dutch Guilder 1,589.86 1,638.71
S/African Rand 557.77 574.31
Euro 3,503.30 3,611.85
CFA Franc 5.34 5.50
Naira 33.55 34.60
WAUA/Ecowas 4,367.27 --------
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Return to top Lawra unable to meet revenue estimates
Lawra (Upper West) 18 Dec '99
The Lawra District Assembly has described its revenue mobilisation efforts this year, as "very disappointing" as it could only realise 75.8 million cedis as at the end of November, out of a projected 100 million cedis.
Last year, the assembly raked in 118.6 million cedis in revenue and had earlier exceeded its targets in the preceeding two years.
This was contained in a report by Mr. Isaac Dasoberi, the District Chief Executive, to the fourth ordinary session of the assembly at Lawra on Thursday.
Mr Dasoberi attributed the shortfall partly to natural disasters that hit the area this year and poor performance by the area councils. A task force was therefore set up and provided with logistics to facilitate revenue collection.
This task force managed to collect about 35 million cedis within October and November immediately after its inauguration in September of this year.
Mr David Osei-Wusu, Upper West Regional Minister, called on District Assemblies to institute reward schemes for area councils, which distinguish themselves in revenue generation to motivate them.
He said provision of development projects by all development agencies was now demand-driven and communities must show evidence that they need facilities before they can be supported.
The Regional Minister urged assembly members to educate their people to use the few facilities that were available to them before they can ask for more.
"If you do not utilise the few dams and dugouts that have been provided, you cannot justify any request for the construction of large-scale irrigation schemes".
During an open forum, the assembly expressed concern about widespread bush burning in the Laura area of the district.
The Nandom Traditional Council was commended for making it impossible for people to indulge in bush burning within the Nandom area.
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