GRi BEF News Ghana 09 - 11 - 2000
Customers dissatisfied with services of SSB
Main market index dips as bourse seesaws
Takoradi (Western Region) 09 Nov. 2000
Some commercial establishments, traders and members of the general public in the Sekondi-Takoradi Metropolis are refusing to accept cheques of the Social Security Bank (SSB) because of delays in honouring them.
A GNA survey on Monday indicated that more than 20 customers intend to close their accounts with the bank and move to other banks where they can enjoy better and more efficient services.
Mr. Isaac Kofi Nketiah, a businessman and National Treasurer of the Ghana Timber Association (GTA), said customers cannot cope with the long queues and delays at the SSB to clear their cheques.
He attributed the situation partly to the fact that the Bank for Housing and Construction and the Co-operative Bank at Takoradi have been closed down.
Mr. Nketiah, therefore, called on the management of the two banks to resume operation to ease congestion at the SSB.
Officials of the bank whom the GNA contacted refused to comment on the issue.
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Accra (Greater Accra) 09 Nov. 2000
The Ministry of Trade and Industry on Wednesday asked all Business Assistance Fund (BAF) loan defaulters to pay up by Thursday, November 23.
In a statement, the ministry said it may seek redress at the appropriate tribunals to ensure the recovery of all moneys owed to BAF.
The ministry noted that the failure of most of the BAF loan beneficiaries to pay up for the fund to be revolved was denying other people the facility.
"The ministry is determined to recover all moneys owned to BAF....The ministry, at the end of the grace period, will start serialising in the print and electronic media the particulars of all such defaulters, including the names and addresses of the enterprises, their chief executives and directors at the time of contracting the loan," it said.
Loan defaulters in the Greater Accra Region are to make repayments in favour of BAF account number 562207 007 at SSB Bank, Ring Road Central, Accra.
Defaulters in the regions are to make payments to the same account through the SSB Bank branches in the regional capitals.
Copies of the pay-in slips are to be sent to the BAF Secretariat, SSB Bank Limited, Ring Road Central Branch, P.O. Box 13119, Accra and the Secretary, BAF Committee, Ministry of Trade and Industry, P.O. Box M47, Accra.
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Accra (Greater Accra) 09 Nov. 2000
The GSE All-Share Index took another dip on Wednesday after it recorded a slight gain on Monday.
The market index dipped by 0.75 points to end mid-week trading at 852.79 points from 853.54 points. Total shares traded, however, edged up to 31,000 from 27,700. Offers overshadowed demand but closed lower at 795,840 from 1.3 million.
Demand also declined from 101,600 to 96,900. Market capitalisation fell from 3,625.99 billion cedis to 3,624.59 billion cedis.
In the broader market, there was only one price change. Peterson Zochonis lost 50 cedis to finish trading at 400 cedis. It was offered for 300 cedis.
The following are the last prices of listed equities in cedis:
ABL 630
AGC 18,600
ALW 4,200
BAT 400
CFAO 50
EIC 2,400
FML 1,100
GBL 1,350
GCB 1,600
GGL 710
HFC 952
MGL 200
MC 149
MOGL 18,600
PAF 270
PZ 400 +50
SCB 21,500
SPPC 250
SSB 2,200
UNIL 1,500
CMLT 425
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Accra (Greater Accra) 09 Nov. 2000
The Ghana Association of Bankers,
on Wednesday November 8, announced the following average inter bank exchange
rates of the cedi equivalent to the dollar and derived rates for other major
foreign currencies:
Currency Buying Selling
US Dollar 6,625.45 6,855.45
Pound Sterling 9,423.38 9,753.93
French Franc 864.33 894.13
Swiss Franc 3,739.29 3,868.00
Deutsche Mark 2,898.43 2,999.18
Canadian Dollar 4,318.89 4,465.88
Japanese Yen 61.70 63.81
Dutch Guilder 2,572.80 2,661.52
S/African Rand
866.72 895.64
Euro
5,673.66 5,867.73
CFA Franc 8.64
8.94
Naira
65.02 67.27
Ecowas/WAUA 8,360.85 --------
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