The Institute for Energy Security (IES) is predicting that the current freefall of the local currency will shoot the prices of fuel beyond 5 cedis per litre, explaining that world oil prices will be the catalyst on whose back the fuel hikes will come. A statement issued by the energy think-tank and signed by Mikdad […]
Category: Business
Depreciation of the Cedi: economy on right track – BoG assures
The Bank of Ghana has assured the public the fundamentals of the economy is sound and strong, despite recent depreciation of the Cedi. Speaking at “The Cedi Forum” to discuss the depreciation of the local currency, the head of Financial Markets and Treasury Stephen Opata pointed out that the Central Bank has a firm grip […]
Cedi depreciation: no cause for alarm – IFS Fellow
A Senior Research Fellow at the Institute for Fiscal Studies (IFS), Dr Said Boakye, has expressed confidence in the managers of the economy, allaying fears the recent depreciation of the local currency will lead to economic meltdown. The Ghana Cedi in recent times has depreciated marginally against major international currencies, especially the US dollar causing […]
Ghana determined to secure affordable and easily deployable solution to extend mobile connectivity-Communications Minister
Minister for communications, Ursula Owusu-Ekuful has indicated that government is determined to as a matter of urgency, secure an affordable and easily deployable solution in its quest to extend mobile connectivity in the country. Mrs Owusu-Ekuful, who was speaking at the Global Ministerial roundtable discussions on the initiatives put in place to ensure the development […]
Kweku Adoboli deportation: UK Authorities set September 18 for deportation of former UBS banker
Kweku Adoboli deportation: UK Authorities set September 18 for deportation of former UBS banker jailed for the UK’s biggest ever fraud Kweku Adoboli, the former UBS banker jailed for the UK’s biggest ever fraud, was on Wednesday transported to a immigration removal centre near Heathrow airport as the government pushes ahead with his deportation despite […]
PHOTOS : MTN Ghana donates 10k and other items to support Kuntum Festival
Mobile telecom giant MTN Ghana has donated an amount of 10 thousand Ghana Cedis and MTN souvenirs plus other items towards the celebration of the Kuntum Festival of the Chiefs and People of Nsein traditional area in the Western Region. Speaking during the presentation, the Acting Regional Manager for the South-West Business District ,Mrs. Ann […]
W/R: MTN Ghana donates 10k and other items to support Kuntum Festival
Mobile telecom giant MTN Ghana has donated an amount of 10 thousand Ghana Cedis and MTN souvenirs plus other items towards the celebration of the Kuntum Festival of the Chiefs and People of Nsein traditional area in the Western Region. Speaking during the presentation, the Acting Regional Manager for the South-West Business District ,Mrs. Ann […]
Banking sector crisis: Inexperienced clueless boards to blame-Kwesi Pratt
Managing Editor of the Insight Newspaper, Kwesi Pratt has blamed the recent banking sector crisis that led to the collapse of some seven indigenous banks to clueless and inexperienced board members who were appointed to run the banks. According to him, the Bank of Ghana must also share in the blame for supervising the constitution […]
PHOTOS: Communications Minister leads delegation to 2018 Telecom World Conference and exhibition in South Africa
A Ghanaian delegation attending the 2018 Telecom World Conference and Exhibition in Durban, South Africa has taken the conference by storm, showing the West African country’s rich culture and digital innovations. Led by the Communications Minister Ursula Owusu-Ekuful, members of the Ghanaian delegation wore ‘kente’ and ‘fugu’ to the admiration of other participants at the […]
ICT sector: Communications Minister woos investors into Ghana
A Ghanaian delegation attending the 2018 Telecom World Conference and Exhibition in Durban, South Africa has taken the conference by storm, showing the West African country’s rich culture and digital innovations. Led by the Communications Minister Ursula Owusu-Ekuful, members of the Ghanaian delegation wore ‘kente’ and ‘fugu’ to the admiration of other participants at the […]
Fallout from Menzgold SEC brouhaha: Menzgold boss touts his lineage, says ‘I will fight to the end’
Chief Executive Officer of Menzgold Ghana, Nana Appiah Mensah seems to have been shaken to the core by the incessant altercations between the company and state institutions and has vowed to fight on until the end. The young business mogul who took to his tweeter handle to register his anger and displeasure at the treatment […]
We will sue you for breach of trust: Menzgold to Securities and Exchange Commission
Menzgold Ghana has indicated it is headed for the law courts in a move aimed at suing the Securities and Exchange Commission (SEC) for what it called breach of trust. The company says it is highly disappointed in the state institution for going against its confidentiality rules by leaking a confidential document to the public. […]