Free Zones boss Micheal Okyere Baafi tops all, emerges best CEO for 2018

The Chief Executive Officer of the Ghana Free Zones Authority, Michael Okyere Baafi has once again distinguished and acquitted himself as an astute administrator of one of Ghana’s most important public sector agencies. Mr. Okyere Baafi beat stiff competition from other equally strong and competent chief executive officers to emerge the overall best Chief Executive […]

Details: Press Release by former Board of Directors of Heritage Bank Limited (Currently under Receivership)

The Bank of Ghana on Friday, 4th January 2019 announced the revocation of the banking licence of Heritage Bank Limited on the following grounds; (1) Suspicions relating to the source of the bank’s capital and matters related therewith including the claim that it was derived from contracts with COCOBOD which were the subject matter of […]

Gov’t position on Menzgold vindicates us, we told Ghanaians we were not under SEC or BoG-Menzgold PRO

Distressed gold trading firm, Menzgold says government’s position on its predicament vindicates the company’s long held position that it was not under the Securities and Exchange Commission or the Bank of Ghana and therefore could not be sanctioned by the two state entities. In a statement cataloguing its position on the Menzgold matter yesterday, government […]

Energy Minister in UAE for global renewable energy  meeting

Minister  for  Energy,  John-Peter  Amewu  together  with a  delegation  from  the  Ministry  and  Energy  Commission  are  representing  the  country  at  the ninth  session  of  the  Assembly  of  International  Renewable  Energy  Agency  (IRENA).  The meeting  is  scheduled  to  take  place  from  January  10  –  13,  2019,  at  the  St  Regis  Saadiyat Island,  Abu  Dhabi,  United  Arab  […]

You ignored warnings and gambled with your money, we won’t pay you kobo-Gov’t issues official statement on Menzgold saga

Government has officially made its position on the raging Menzgold saga known, saying it will not use the tax payers’ money to pay the aggrieved customers. A statement issued a while ago and under the hand of the information Minister, Kojo Oppong Nkrumah said government sympathizes with the customers on the difficulties encountered in their […]

Just in: NEDCo demands 40 percent tariff increase, makes 230 million cedis loss in 2018, says its headed for a crisis

Information available to indicates that the Northern Electricity Distribution Company (NEDCo) is demanding a 40 percent increase in electricity tariffs in order to enable it sustain its operations. According to the company, anything short of approving or granting the request will see the company collapse within the shortest time possible. A source within the […]

1,350 mining concessions and licenses reduced to 930, gov’t to strictly enforce roadmap on small scale mining-Charles Bissue

There are now Nine Hundred and Thirty (930) mining concessions and licenses in the country, according to the Secretary to the Inter Ministerial Committee on small scale and illegal mining and the environment, Charles Bissue. The figure is a reduction from the 1,350 concessions and licenses that were in existence under the erstwhile opposition National […]

Ghana’s banking sector reforms from another perspective- Michael Osei Owusu (Senior Banker)

Last week the statutory regulator of the banking sector, the Bank of Ghana closed down two additional universal banks and announced 23 banks as fit for operating in the country. Michael Osei Owusu (Senior Banker) discusses the counterfactual and examines whether it was necessary to scale up the minimum capital requirement to GHC400 million. Specifically, […]