The Vice President of the Republic, Dr Mahamudu Bawumia has launched a mobile application designed to make the purchase of ECG credits and the payment of bills more convenient for the customers of the Electricity Company of Ghana. Known as ‘ECG Power’, the app, designed in-house by the ICT staff of ECG, will make it […]
Category: Business
Mining company fined GHc1.5m for power theft
A Tarkwa based mining firm called Mohammed Mining Company has been busted by the Electricity Company of Ghana for illegal connection. The task force who acted on a tip-off upon the arrival at the company’s site observed that power had been tapped from the main source without the consent of the ECG. The arrest follows […]
Fate of hundreds of workers hang in balance after $10m factory demolition
At least 120 workers have been rendered unemployed following the demolition of some factories situated at the Trade Fair. Raymond Archer, Chief Executive Officer of Universal Labels & Packaging Co. Ltd and Colour Planet Limited, whose facilities were among the many that were demolished Sunday night by the Ghana Trade Fair Company Limited (GTFC) told […]
President Akufo-Addo commissions Business Resource Centre at Kadjebi
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Sunday, 16th February, 2020, commissioned a newly constructed Business Resource Centre (BRC) at Kadjebi in the Akan Constituency, in the Oti Region. The Business Resource Centre is mandated to promote and support the national industrialization agenda of the Akufo-Addo Government, and will serve as a […]
Ghana’s Economy has seen significant improvement -UG’s Dr. Ebo Turkson
Dr. Ebo Turkson an economist and a lecturer at the University of Ghana has lauded the Akufo-Addo government and the economic management team headed by Dr. Mahamudu Bawumia for spearheading remarkable progress on the economic front of Ghana coupled with a stable macro- and micro-economic growth. Dr. Turkson was speaking on Joynews’ flagship political show […]
Ecobank Group enters cross-border remittance partnership with Alipay to bring more inclusive financial services to users
The leading pan-African bank, Ecobank has signed a cross-border remittance agreement with Alipay, the world’s leading payment and lifestyle platform, that aims to bring more inclusive financial services by providing a fast, safe, affordable and convenient way for workers to transfer money back home. The partnership will facilitate instant transfers from Rapidtransfer, Ecobank’s remittance solution, […]
BOST clears 12-year old GH¢64 million GCB Bank debt; Needs $150M to completely turn around operations
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 […]
Take Responsibility and pay us our money: MenzGold customers to government
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 […]
Govt clears legacy debts to bulk oil distributors
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, […]
Year of Return: President Akufo-Addo should be made CIMG Marketing Man of the Year
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 […]
Shareholders of distressed Neoplan to meet gov’t today
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 […]
Full charges against defunct UT bank boss Kofi Amoabeng, five others
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 […]