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Ghana agrees to toe the IMF line after its “bailout programme” ends

Ghana agrees to toe the IMF line after its “bailout programme” ends. “As the country attempts to keep spending under the control, it is implementing policies to make it more attractive for private investors to participate in the development of roads, railways and ports, said [Finance Minister Ken Ofori-Atta].”

Source: www.bloomberg.com

Three state-owned major port trusts have saved Dredging Corporation of India Ltd from going into private hands

After plans are dropped to sell the government’s majority equity stake in Dredging Corporation of India (DCI), three ports look to invest in the company. “Three state-owned major port trusts have not only saved Dredging Corporation of India Ltd (DCI) from going into private hands, but are also set to give assured business to the public sector dredging contractor by reverting to the nomination method of awarding contracts. Earlier this month, Visakhapatnam Port Trust, Paradip Port Trust and New Mangalore Port Trust agreed to buy a controlling stake in DCI in a deal brokered by the Shipping Ministry.”

Source: @businessline

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