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The Agricultural Development Bank (ADB) has raised about 326 million cedis in its Initial Public Offer (IPO).

The bank was expecting to raise about 380 million cedis from the offer.

A statement from ABD indicated that, “the proceeds raised from the Offer was the sum of GHS325, 784,952.70 relative to the expected proceeds of GHS 383,713,995.10.”

This also represents about 85 percent subscription level.

“The ADB IPO is one of the largest IPOs ever undertaken on the Ghana Stock Exchange and demonstrates the continued development of the Ghanaian public markets,” the statement added.

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Payments for DKM customers who were validated manually are expected to commence on Wednesday 14th December, 2016.

This is the assurance from the Principal Company Inspector for the Official Liquidator for DKM, Jones Nathaniel Ansah.

According to him, the December 14th date was arrived at after the initial November12 date was rescheduled.

“The payment was supposed to start on Monday [December 12] but then as I’m talking to you I just had a call from PWC that they had a meeting with Ghana Commercial Bank and the bank indicated that because it wasn’t informed earlier, it wouldn’t be able to make payments on Monday,” he said.

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The International Monetary Fund (IMF) has watered down arguments that conditionalities under its Extended Credit Facility (ECF) agreement with Ghana would be renegotiated should there be a change of government.

Asked by the B&FT whether it is possible, as the opposition NPP has hinted, for some of the terms to be renegotiated, Resident Representative of the Fund, Natalia Koliadina, said it would come at a “cost.”

Her outfit, she said, does not expect any such thing to happen considering the success of the programme.

“It comes at a cost to economic growth if the programme is discontinued. So, who will be interested in undoing what has already been achieved? So, I believe that the government, whoever it is, will continue building on the achievement that has been made in the past two years,” she said.

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