The Management of the Bulk Oil Storage and Transportation Company, BOST, is confident its agenda to turn around the fortunes of the loss-making entity is on course following its ability to fully settle a 12-year old credit facility contracted from GCB Bank. The loan sourced from GCB in 2008 has been in arrears and attracted […]
Aggrieved customers of MenzGold who have been chasing the folded up company for their locked up investments are calling on government to take responsibility of the crisis and pay them their money. The customers who say there is no difference between them and other customers of shut-down financial institutions hence there is the need for […]
The government has fully paid off its indebtedness to bulk oil distribution companies (BDCs) that accrued between 2011 and 2015, the Chief Executive Officer of the Chamber of Bulk Oil Distribution Companies, Senyo Hosi has revealed. According to Mr Hosi, the final payments, which included interests accrued on the debt, was done on January 13, […]
The 2020 version of the CIMG Awards is slated for June 16. I have gone through the criteria and I don’t see any product or scheme in 2019 which achieved as much market impact as the Year of Return initiative. That initiative has achieved the status of a marketing phenomenon. Touristically, there has been nothing […]
Government is expected to meet the management and shareholders of Neoplan Ghana Limited later today to find ways to revive the struggling company. Neoplan Ghana announced a planned shutdown last month due to lack of contracts and mounting losses. Government’s intervention helped to stop the planned shut down, with the promise of revamping the firm. Managing Director […]
The state has filed fresh charges against the founder of defunct UT Bank, Prince Kofi Amoabeng, as well as five other persons over their respective roles in the collapse of the bank in 2017. The prosecution in the facts sheet stated that, the five others being hauled before the court are; Johnson Pandit Asiama, Raymond […]
The state has discontinued the case against the founder of now-defunct UT Bank, Prince Kofi Amoateng at the circuit court. Kofi Amoabeng was facing charges of stealing and money laundering following the alleged role he played in the collapse of UT bank. According to the prosecution represented by ASP Emmanuel Nyamekye, they intend to file […]
Fallout from the Airbus bribery scandal reverberated around the world as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political dispute. The European planemaker is bracing for a rocky period with airlines and foreign governments, some of which have […]
The National Lottery Authority (NLA) through its new Jackpot game known as Daywa has empowered Mr. Francis Pwalua, a 64 year old farmer from Navrongo in the Upper East Region of Ghana. Mr. Francis Pwalua received a cheque of GHC 126,000.00 as the ultimate winner for Daywa 5/39 Jackpot game. He won the GHC 126, […]
Aker Energy AS has appointed Mrs. Kadijah Amoah as Country Director of Aker Energy Ghana Ltd, effective 1 February 2020. The appointment follows Aker Energy’s strategy to strengthen the company’s local presence and management in Ghana. By this, she becomes the first Ghanaian woman to lead an oil firm operating in the country. “We are […]
The local currency has enjoyed a good run against its major trading partners in the first month of the year — appreciating against all the three major currencies, the dollar, euro and pound sterling, according to data released by the Bank of Ghana. The cedi, which depreciated against all the three currencies last year, has […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has expressed his delight at the return to production, productivity, and profitability of the Anglogold Ashanti Gold mine, six (6) years after it was effectively closed down. According to President Akufo-Addo, the coming back on stream of the Obuasi mine signals to the rest of the […]
