Ex-staff of some banks whose licenses were withdrawn by the Bank of Ghana will be considered for payment in place of the Central Bank “on humanitarian grounds,” the regulator has said. Elsie Addo Awadzi, Deputy BoG Governor said the Central Bank is prepared to waive its second position for the sake of the workers of defunct UT and Capital Banks so that they get some benefits […]
By Selorm GBORBIDZI, Accra Despite assurances by the Minister of Finance, Ken Ofori-Atta that workers of the now defunct UT and Capital Banks would be paid, the workers are still yet to receive their benefits. The workers, who number about 1200, in a press statement signed by the their representatives Phillip Yawson and Raymond Addai […]
The free train ride from Tema to Accra that was announced by the Ghana Railway Company Limited (GRCL) has been cancelled due to encroachment on some parts of the rail tracts. A statement issued by the company yesterday said the free ride has been suspended for two weeks to allow authorities take measures to address […]
Information available to BestNewsGH.com indicates that government has given a 10 year tax holiday to indigenous Ghanaian automobile firm, Kantanka Motors. The move is to aid the company produce vehicles for the mass market and sell at affordable prices to Ghanaians. The company will also enjoy duty-free importation of materials and other equipment for assembling […]
Registration of vehicles would be done in just one hour or even less, thanks to new innovations being employed by the Driver and Vehicle Licensing Authority (DVLA). The Driver and Vehicle Licensing Authority (DVLA) is set to begin electronic vehicle registration this month, January 2019, to help transform the way vehicles are registered and set […]
The Ministry of Finance has rebutted media reports that the Eva Mends, the immediate past Director of Budget at the Ministry has been kicked out from her position. News was rife during the week about the removal from office of Madam Mends who is said to be one of the wives of the late ruling […]
GN Bank, now GN Savings and Loans Company says it has paid its dues to the Ghanaian people and the economy by dint of hard work, culminating in the achievement of 1.2 million customer and 20 percent of the Ghanaian banking retail outlets. The Bank which announced its migration from a fully-fledged universal Bank to […]
GN Bank says it has chosen to operate as a savings and loans company instead of a fully-fledged universal bank as it operated before. The move according to a statement issued by the Bank and signed by its head of corporate affairs, Frank Owusu-Ofori is to ensure that it is able to marshal the necessary […]
Economist Professor John Gatsi is pushing for the injection and restoration of liquidity into the banking and financial sector in order to realize the impact of the banking sector reforms embarked upon by government. According to him, the core purpose of banking sector reform is not about reducing the number of banks from 33 to […]
Credit: Ghana Infrastructure Plan (2018-2047) The Accra suburban railway system will largely be passenger rail transport services of length 250km that will operate between the city centre, Tema and other outlying suburbs that draw large numbers of people who travel on a daily basis. The development of the Accra suburban railway network will be linked […]
The deadline for both new and existing banks operating in Ghana to meet the new minimum capital requirement as set up by the Central Bank of Ghana has since expired. As citizens who are supposed to be active ones and not spectators, we call on the regulator of all financial institutions in Ghana to make […]
By: Enoch Darfah Frimpong The Auditor General made progress in year 2018 in relation to Disallowance and Surcharge by successfully recovering a total of GH¢67million into government chest. The total of GH¢67,315,066.12 which has been recovered into government chest followed the issuance of 112 Surcharge Certificates to individuals and organisations within year 2018. The Auditor-General […]
