Michael David Kors, American fashion designer, and best known for bags, watches and perfume, has bought Italian luxury fashion brand Versace for $2.1bn including the debt of the company. In a statement released on Tuesday, Michael Kors’ CEO John D. Idol said it bought Versace for 1.83 billion euros ($2.1 billion). “We are excited to have Versace as part of our […]
Gold trading firm Menzgold Ghana has refused to tell the actual number of people who are customers of the company. This is because at a press conference organized by the company Thursday September 27, 2018 to outline a payment plan for customers of the company whose dividends are due, the company blatantly refused to answer […]
New patriotic Party (NPP) Member of Parliament for Assin Central Constituency in the Central Region, Kennedy Ohene Agyapong is appealing to the generality of the Ghanaian people to have trust and confidence in the banking sector by depositing their monies there. According to him, the recent banking crisis has scared many people who have now […]
It has been agreed by all stakeholders in the Digital Terrestrial Television (DTT) migration project that independent company, Central Digital Transmission Company Limited should be the one to manage and operate the infrastructure for the DTT. A statement issued by Information Minister-Designate Kojo Oppong Nkrumah said the stakeholder meeting held 0n 27th September 2018 also […]
Menzgold Ghana has through its lawyers, Kwame Boafo Akuffo & Co, sued the Bank of Ghana and the Securities and Exchange Commission. The Bank of Ghana is the first defendant and the Securities and Exchange Commission, the second defendant. The plaintiff seeks among other things, a declaration that its business does not fall within the […]
The Chamber of Petroleum Consumers- Ghana (COPEC) is warning the general public of a potential fuel shortage following day two of the strike action by the fuel tanker drivers’ union in the country. The tanker drivers begun their sit- down strike Monday to protest over poor working conditions which they say authorities have refused to […]
President Nana Addo Dankwa Akufo-Addo says the modest successes chalked by his government in the quest to transform Ghana’s economy, over the past 20 months, is being recognized by the global business community which is now eager to engage with Ghana. According to President Akufo-Addo, his government’s overarching goal to diversify the Ghanaian economy, from […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo has received the 2018 Outstanding Leader’s Award, given to him by the United States Chamber of Commerce and its U.S. Africa Business Centre. Receiving the award on Monday, 24th September, 2018, President Akufo-Addo noted that “it is good to know that advocating for Ghana to opt […]
Everyone is susceptible to mistakes, particularly when it comes to spending or handling money. Sometimes we make certain moves and sit back and regret and wonder what we were thinking. Below are some 13 tips on how to handle money without stress. Money Mistake 1 Never borrow money that accrues interest to start a business. […]
The Bank of Ghana (BoG) cannot absolve itself from the recent ‘catastrophe’ that has rocked the banking industry, leading to the collapse of a number of financial institutions, the Asantehene, Otumfuo Osei Tutu II, has stated. He said either deliberately or as a result of its weak supervision, the regulator could not have been ignorant of […]
Chief Executive Officer of the Ghana Cylinder Manufacturing Company (GCMC), Frances Essiam is impressing upon the Bank of Ghana to extend the same measures it used in dealing with the banking sector crisis, to the forex system in the country. According to her, there is need for an absolute and deliberate effort to sanitize the […]
Pressure group Occupy Ghana is against the operations of Menzgold which it alleges is not licensed to operate. The group believes with the way the company is running its operations, it is headed for saturation very soon. They argue that for the type of business Menzgold is running, the company required three licenses, one each […]
