CEO heads out of Ghana

Chief Executive of Vodafone Ghana Haris Broumidis is leaving Ghana after three years, a statement released by Vodafone Ghana and copied to Pulse Business said.

Haris’ time at Vodafone Ghana coincided with a very competitive telecommunications market, when operators needed to innovate and be creative to produce growth.

 GNPC challenged to prove it has not become slush fund for government

The Ghana National Petroleum Corporation (GNPC) has been challenged by the African Centre for Energy Policy (ACEP) to prove that it has not become a slush fund for the government after the Auditor General made financial irregularities against GNPC.

The 2014 Auditor General's report accused GNPC of advancing US$50 million to the Ministry of Finance in 2013, which was expected to be repaid in three months but it was not paid back.

The report also said GNPC failed to audit its partners in oil operations, a requirement imposed on it by the Petroleum Agreements signed with the partners.

However, ACEP in a press release signed by the Executive Director, Dr. Mohammed Amin Adam said it was worried about such financial irregularities and that it "bordered on our fear that GNPC has become a slush fund for the government."

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.85                             4.15

Pound Sterling             5.47                              5.77

Euro                             4.25                             4.55

On how your stocks performed on the GSE Index today

SIC Insurance Comany Limited and ECOBANK GHANA LTD were the losers of the day, dropping 1p each to close at 0.18p and 7.03p respectively.

There were no gainers for the day.