The Minister of Trade and Industry, K. T. Hammond, has directed the newly constituted Cement Manufacturing Development Committee to ensure uniformity in cement prices nationwide. Drawing a parallel between the cement and the petroleum retail sectors, where pump prices in the latter are consistent across the country, Mr Hammond emphasised the need for a similar […]
In a significant development for the African Lotteries Association (ALA), Mr. Samuel Awuku, the Director-General of the National Lottery Authority (NLA) of Ghana, has been elected as the Vice President at the ALA’s General Meeting held in Casablanca, Morocco, on March 8, 2024. This historic election marks the first time a Director-General from an Anglophone […]
Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. In 2022, the total bad debt was estimated at GH¢20.8 billion. The bad debt was classified as loan losses, depreciation and others. According to the Bank of Ghana, banks reported lower impairments on financial assets in […]
Despite a challenging economic environment in Ghana marked by high inflation and currency depreciation, Scancom PLC, known as MTN Ghana, reported a successful year in 2023. The company announced a profit of GH¢3.98 billion cedis and declared a dividend of GH¢0.175 per share in its audited 2023 Financial Report released yesterday. The company’s share price […]
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of Telecommunications pointed out that the development is in line with increasing trends of transactional activities and evolving customer needs. On daily transaction limits, customers with a […]
The President, Nana Addo-Dankwa Akufo-Addo has appointed Mr. John Kwaning Mbroh as the Chief Executive Officer (CEO) of the National Pensions Regulatory Authority. (NPRA). Mr. Mbroh, whose appointment takes effect from 1st February 2024, replaces Mr. Hayford Atta Krufi who proceeds on retirement after holding the position since 2017. “Mr. Mbroh, a management member of […]
Deputy Minister of Finance, Dr. John Kumah, has revealed that the government amassed a total of GH¢1.19 billion in revenue from the E-levy in the year 2023. This substantial sum has been strategically allocated to various initiatives aimed at addressing unemployment in the country, including the YouStart Programme by the the Ghana Enterprise Agency, and […]
Ghana’s public transport sector has become the latest addition to the government’s digitalization drive, following the launch of Tap and Go, a digital service for the transport sector. Vice President, Dr. Mahamudu Bawumia, launched the Tap and Go Transport Service in Accra on Monday, February 19, 2024, at the Head Office of Metro Mass Limited, […]
Delta Airlines flight scheduled to fly from Amsterdam to Detroit turned around mid-trip after maggots were discovered aboard the aircraft. An airline spokesperson confirmed that flight 133 AMS-DTW “was interrupted due to an improperly packed carry-on bag” without providing additional details about the cause of the disruption. The spokesperson added that customers were compensated for […]
The International Monetary Fund (IMF) has expressed its commitment to support Ghana’s newly appointed Minister of Finance, Mohammed Amin Adam, in executing reforms aimed at rehabilitating the nation’s economy. Ghana has been under an IMF bailout programme since May 2023. In a congratulatory letter to the Finance Minister, the Executive Director of the IMF, Kristalina […]
Access Holdings Plc has appointed Bolaji Agbede as the Acting Group Chief Executive Officer. Her appointment follows the demise of the Group’s CEO, Herbert Wigwe, who died in a helicopter crash in the United States on Friday, February 9, 2024. Mr Wigwe died alongside his wife, son, and a former chairman of the Nigeria Exchange […]
Chinese billionaire banker Bao Fan, who has been missing for almost a year, has resigned from his financial firm, China Renaissance Holdings Ltd. He stepped down “for health reasons and to spend more time on his family affairs,” the bank said in a statement. Mr Bao’s unexplained disappearance in February last year shocked China’s business and investing […]
