The National Insurance Commission (NIC) has debunked reports making rounds on social media suggesting that some insurance companies are in financial distress. The NIC warned that those circulating such false information about some institutions could cause serious challenges for players in the industry. According to the commission, the comments are only vicious attempts by anonymous […]
The Vice President, Dr. Mahamudu Bawumia has held fruitful and productive discussions with world leaders at the 2019 edition of the World Economic Forum held in Davos, Switzerland. Dr. Bawumia joined Heads of States for the Europe-Africa Session, today, Thursday, January 24, 2019. The Session which brought together Heads of States and European business leaders […]
Economist Professor Stephen Adei has described Menzgold Ghana Limited’s gold vault market as a Ponzi scheme which should not have been patronised by Ghanaians. The Securities and Exchange Commission (SEC) directed Menzgold to shut down its investment operations on 12 September 2018 for contravening the Securities Industry Act, 2016 (Act 929). The SEC order also […]
The Inter-Ministerial Committee on Illegal Mining (IMCIM) under the auspices of the Presidential Committee on Environment and Natural Resources has indicated that it is taking steps to fix trackers on all mining equipment including excavators. In a release signed by Charles Cromwell Nanabanyin Onuawonto Bissue, Secretary to the IMCIM and Presidential Staffer, the Committee has […]
A call has been made to government to reduce the price of natural gas, which will translate into a reduction in electricity tariffs to fuel industrialisation and bring relief to domestic consumers. A research and analysis on Gas Price Formation in the country emphasised the need for natural gas price to be reviewed downwards. About […]
President Nana Addo Dankwa Akufo-Addo is pushing for an effective collaboration between government and mining communities in the country that would result in the transformation of mining communities. “When Government and mining companies collaborate in an intelligent and sustainable manner, more can be done to transform mining communities. I have no doubt that Anglogold, under […]
Embattled majority shareholder of now defunct Heritage Bank Seidu Agongo has said he is not a novice in the business arena and cannot be pushed around as though he was a common criminal. ‘’I have been in business since 2001 and I have since founded about fifteen (15) entities in areas such as Real Estate, […]
The President, Nana Addo Dankwa Akufo-Addo, says the thrust of his Government’s policy towards national development rests on ensuring that science, technology and innovation drive all sectors of the economy. In order to achieve this objective, President Akufo-Addo explained that sectoral policies, programmes and strategies are being implemented on the basis of the overall National […]
The Forum for Public Sector Registered Pension Schemes on Friday assured public sector workers that the pension funds currently under the management of the four public sector schemes have been invested in accordance with permitted investment guidelines. The forum, made up of 13 entities, in a communiqué after a meeting in Accra, which discussed reports […]
Government has retained the Oboshie Sai Cofie led Board of the Ghana Airports Company Limited (GACL), quelling speculations about the resolution of the board, following the removal from office of John Dekyem Attafuah as Managing Director of the company. A press release issued by the Chairperson of the Board, Oboshie Sai Cofie a while ago […]
Workers of erstwhile Capital Bank and UT Bank are appealing to the Bank of Ghana (BoG) to, at least, offer them a 50% discount on the loans they took while working with their respective banks. Their appeal follows information from the Joint Receivers indicating that their exit pay will be paid without any discount on […]
The Managing Director of the Ghana Airports Company Limited, John Dekyem Attafuah has been fired with immediate effect, from his post. The Minister for Aviation, Joseph Kofi Adda who signed the dismissal letter dated 16th January 2019 and addressed to the Board chairman of the company Oboshie Sai Coffie, instructed that Mr. Attafuah should hand […]
