Information reaching BestNewsGH.com indicate that former Chief Executive Officer of UT Bank and chairman of UT Group of companies, Prince Kofi Amaobeng has been arrested by police in connection with the collapse of UT Bank. BestNewsGH.com is informed Mr. Amoabeng was picked up at his office in the morning of today, Tuesday, January 14, 2020 […]
Ethiopian Airlines aims to expand its network rapidly with new routes to Chennai, India and Houston, Texas in the United States in line with its strategic plan. Ms Genet W. Michael, the Country Manager for Ethiopian Airlines in Ghana, said the airlines has been exploring partnerships with many different airlines to increase its reach. “We […]
The Ghana Statistical Service says there is a possibility that the 2020 population and housing census scheduled to start in March could be delayed if some existing on-field challenges are not resolved. Speaking on the upcoming exercise, Government Statistician, Professor Samuel Kobina Annim noted that while he is confident funds will be released for the […]
An analysis of the Ghana Statistical Service’s data on inflation for 2019 shows that Greater Accra was the most expensive region for consumers over the past 12 months. The country’s statistical agency which collects data on the changes in prices of food and non-food items on Wednesday, released its December 2019 data which showed that […]
The Greater Accra Regional Police Command has arrested over 100 customers of Menzgold who stormed the house of the company’s Chief Executive Nana Appiah Mensah, NAM1. The Head of Operations at the Accra Regional Police Command, Assistant Commissioner of Police (ACP) Kwesi Ofori, briefing the media said the customers did not inform the police of […]
Some excited customers of First Allied Savings and Loans company which is now defunct have praised government and the Bank of Ghana (BoG) for initiating steps that culminated in the retrieval of their locked up cash. The happy customers, BestNewsGH.com is told are not oblivious of the steps taken by the Bank of Ghana including […]
Tony Elumelu’s United Bank for Africa (UBA) has added some 4, 000 new employees to its staff strength as of December 2019. BestNewsGH.com can also confirm that over 5, 000 staff of the Bank have been promoted to new grades with effect from January 2020, following the transformation of the Bank’s grading system and processes, […]
The Ghana Revenue Authority has exceeded its GHS43 billion tax revenue target for 2019. This follows a revision of the earlier target from GHS46 billion to GHS43 billion. According to GRA Board Chairman, Professor Stephen Adei, his outfit did very well in December 2019 by collecting more taxes. Speaking to Accra-based Joy FM, Prof Adei […]
Mr Fred Forson, spokesperson of the Coalition of Aggrieved Menzgold Customers, said they were ready to go all lengths to get their investments back from the gold dealership firm. He said customers across the country would converge in Accra next week and march to wherever they would find the Menzgold Chief Executive Officer (CEO), Nana […]
The Bank of Ghana has approved the issuance of 24-carat gold coins to commemorate the 20th anniversary of the Asantehene, Otumfuo Osei Tutu II. The coin which will weigh at least 31.104g and have a diameter of 37mm will be outdoored on the Asantehene’s 70th birthday on May 6, 2020. The commemorative coin will be […]
The Fisheries Commission has been urged to reduce the announced increase in fishing license fees for the operation of a fishing vessel on Ghanaian waters. The Fisheries Commission in a letter dated December 31, 2019, and signed by its Executive Director, Mr Michael Arthur-Dadzie, indicated that the new fishing license fees approved by the Ministry […]
The local Ghanaian currency ended the year 2019 with a depreciation rate of about 12.9% to the US dollar, based on data from the Bank of Ghana’s website. This is the highest since 2015. The 12.9% decline in the value of the cedi is compared to about 8.8% depreciation in 2018, 4.45% in 2017 and […]
