ADB sources for GH¢310m to meet Minimum Capital Requirement

The Agricultural Development Bank (adb) has announced its readiness to meet the central bank’s minimum capital requirements of GH400million as the December 31 deadline fast approaches. This follows an approval by shareholders of the bank to source for additional funds of about GH¢310million to meet Bank of Ghana’s minimum capital requirement. The announcement was made […]

Bombshell: Some Banks deposited their monies with Menzgold-Majority Leader reveals

The Majority Leader and Minister for Parliamentary Affairs, Osei Kyei Mensah Bonsu has revealed that some banks in the country deposited their monies with gold trading firm, Menzgold. According to him, the Bank of Ghana should solely take culpability for the crisis that has rocked the financial sector in the country, saying ‘’the monitoring division […]

MTN donates customized mattress, bed and desk to tallest student in Swedru School of Business

Mobile Telecommunications Giant MTN Ghana has donated a customized mattress, bed and desk to the tallest student of Swedru School of Business in the Central Region. The 16-year-old Ebenezer Mensah is so tall that he is unable to fit into the normal sized mattresses, beds and chairs in the school, perhaps making him the only […]

Substantial Wealth in chocolate products-MD of CPC calls for scaling up of processing capacity

By Elvis DARKO, Accra Managing Director of Cocoa Processing Company (CPC), Nana Agyenim Boateng I says Ghana stands to gain massive revenue from the downstream processing of cocoa beans into chocolate products to actualise the President’s ‘Ghana beyond Aid’ agenda. He, therefore, called for massive investment into the expansion of the processing capacity in the […]

Fiscal responsibility law will safeguard economic gains and make politicians responsible-Bawumia

Government will soon pass a law to prevent politicians from sacrificing prudent economic management on the altar of political expediency, the Vice President of the Republic, Dr Mahamudu Bawumia has indicated. Speaking at the opening ceremony of “The Future of Work in Sub-Saharan Africa” Conference, organised by the International Monetary Fund (IMF) in Accra on […]

 Borrowing can’t sustain economy, enhance domestic tax mobilisation – IMF MD to African countries

The Managing Director of the International Monetary Fund (IMF), Madam Christine Madeiline Lagarde, says African countries would not sustain their economies by borrowing. She admonished sub-Saharan African countries to enhance their domestic tax mobilisation to sustain their economies and help them to remain sovereign. Borrowing for investment risky She warned that relying on borrowing for […]

Bawumia speaks at IMF’s Future of Work Conference, amplifies drive to leverage technology to formalize economy

The Vice President, Dr. Mahamudu Bawumia has reiterated government’s commitment at leveraging technology to formalize the Ghanaian economy. The move according to him will also ensure greater technological integration in everyday life and geared towards positioning the country to take advantage of the 4th industrial revolution. The Vice President was speaking at the Future of […]