The government of Ghana has launched three new policy initiatives designed to deepen financial inclusion and accelerate digital payments in line with government’s vision of building a payment system that accelerates economic development. Announcing the policies— National Financial Inclusion and Development Strategy, Digital Financial Services Policy and cash-Lite Roadmap—, the Minister of Finance, Ken-Ofori Atta […]
Category: Business
GUTA fires back at Aviation Minister; says he should stop usurping the powers of the Ministry of Health
The Ghana Union of Traders Association (GUTA) is up in arms against the Minister of Aviation Joseph Kofi Adda, accusing him of usurping the power and Authority of the Minister for health. The Association is agitated that the Minister has been laxed in ensuring proper disinfection of the Airports where traders and businessmen and women […]
COVID-19: Kempinski Hotel cries out; says only 10 out of 269 rooms are occupied
As the hospitality industry has been badly hit by the global pandemic, the plush Kempinski Hotel Gold Coast City Accra is of no exception. About 10 out of the 269 rooms available in the hotel are mostly utilized, the General Manager of the hotel, Manish Nambiar has indicated. He also confirmed to GhanaWeb that the […]
Kweku Awotwi steps down as CEO of Tullow Ghana
The Managing Director of Tullow Ghana and Executive Vice President of Tullow Plc Kweku Awotwi will be retiring from the oil firm from 30th June . He was the first Managing Director of Tullow Ghana to be promoted to Executive Vice President of Tullow Oil plc. During his tenure, the TEN fields produced its 50th million barrel of […]
Former boss of Indonesian Airline jailed 8 years over Airbus bribery scandal
The Jakarta Corruption Court has sentenced Emirsyah Satar to eight years in prison after finding the former President Director of Garuda Indonesia guilty of accepting Rp 49.3 billion (US$3.4 million) in bribes and laundering Rp 87.5 billion related to aircraft procurement. This is according to the Jakarta Post. The court has also fined Emirsyah Rp […]
Tema: Pioneer Food Cannery resumes operations after shutdown
Pioneer Food Cannery in Tema has resumed, albeit partially after it was shut down for three weeks when 533 of its workers tested positive for the coronavirus disease. An internal memo signed by the Plant Director of the company, Johnny Ladouce, on May 9, to all workers, announced that the factory would resume partial production, […]
KIA Disinfection: GACL Exposed; as MD, Board Diverts Contract
The Ghana Airport Company Limited (GACL) has been caught up in severe conflict of interest and clear sabotage regarding the implementation of disinfection prevention measures at the Airports of Ghana. The GACL led by its Managing Director, Mr. Yaw Kwakwa, which is to give clearance for LCB Worldwide Limited to disinfect KIA as per a […]
COVID-19: EXIM Bank funds Tobinco to produce drugs locally to aid fight
EXIM Bank Ghana is collaborating with Entrance Pharmaceuticals and Research Centre, a member of the Tobinco Group of Companies, to produce hydroxychloroquine and azithromycin locally for the management of COVID-19 cases. The bank said it was ready to advance a $5 million facility to the company for the production of the drugs locally. COVID-19 patients […]
May Day 2020: McDan salutes Ghanaian workers; gives special mention to frontline health workers
The Chairman and Chief Executive Officer of the McDan Group of Companies, Dr. Daniel McKorley has saluted Ghanaian workers on the occasion of International Workers’ Day, which falls on the 1st of May every year. The Business Mogul in a message posted on his Facebook Page and sighted by BestNewsGH.com, emphasized the crucial role being […]
Zoom shares drop 6% as Facebook rolls out free video calls for up to 50 people
Zoom shares closed 6% lower Friday after Facebook announced it was rolling out new video chatting features. Some investors particularly view Facebook’s new Messenger Room, which allows users to host video calls of up to 50 people, as a threat to Zoom. Zoom has been on a tear since stay-at-home mandates were implemented to slow the Covid-19 pandemic. Zoom CEO […]
COVID-19: MAC Ghana donates 10 Chevrolet Cobalt’s to the Covid-19 Fund
MAC Ghana, distributors of GM and Isuzu vehicles in Ghana, has donated 10 Chevrolet Cobalt’s to the Covid-19 National Trust Fund to aid in the fight against the pandemic. Making the presentation on behalf of MAC Ghana, Maneesh Raseen, Head of Sales and Marketing said that the group has been moved and motivated by the […]
Selorm Adadevoh adjudged best CEO in MTN Group
The Chief Executive Officer (CEO) of MTN Ghana, Selorm Adadevoh has been adjudged the CEO of the year 2019 within MTN Group, as voted for by the company’s senior leadership. He shares the award with the CEO of MTN Benin, Stephen Blewett. This was announced at the Group’s first digital Quarterly Review hosted by the Group CEO, Rob Shuter, involving […]