Alibaba CEO Daniel Zhang is poised to succeed Jack Ma as executive chairman of e-commerce giant Alibaba after China’s richest man fulfilled his pledge to step down on his 55th birthday. Ma’s resignation is unlikely to see him retreat into the shadows, but Alibaba will embark on a new era without its public face. Ma will […]
CHANGE OF FINANCIAL GUARANTEE TO INSURANCE GUARANTEE. The condition precedent for financial guarantee by the Banks was PURC tariffs and the list of Power Purchase Agreements (PPA). However, PURC refused to increase the tariffs as agreed. ECG owns more than GHC4 Billion of debt from Power Producers. So in the absence of any proper tariff, […]
The best way to appreciate the scale of Aliko Dangote’s empire is to hitch a ride on one of his private jets. A half-hour after his Bombardier Challenger 605 takes off from Lagos Airport, it descends into a seemingly desolate area of Kogi State in central Nigeria, dusty fields and clusters of trees stretching to […]
An investment firm, Gold Coast Fund Management has said it has started paying customers of the company who want to redeem their investments. The firm had in the past struggle to pay clients due to what they said was the government’s inability to pay debts owed contractors for work executed. General Manager in charge of […]
The majority shareholder of the now-defunct Heritage Bank Ghana Limited, Mr Seidu Agongo, has bemoaned what he describes as the “sad end” to the indigenous financial institution following news of the scheduled auctioning of the collapsed bank’s assets. Narrating the dream behind setting up HBL, Mr Agongo, in a short write-up, said: “In July 2014, […]
Indigenous Ghanaian Airline, Africa World Airlines will be flying three times a week to its newest destination, Wa, the Upper West Regional Capital. The Company yesterday September 5 2019 opened advance ticket sales for Wa and customers can purchase same for the first flight due on October 15 2019. The company said there will be […]
Indigenous Ghanaian Airline, Africa World Airlines has after meetings and deliberations with the Minister and officials of the Aviation Ministry, agreed to commence commercial flights to Wa, the Upper West Regional Capital, from October 2019. A statement from the Aviation Ministry and signed by the the sector Minister, Joseph Kofi Adda gave the tentative date […]
Vice-President Dr Mahamudu Bawumia has charged African governments to be proactive and have the political will to use digital technology to provide decent job opportunities for the youth and promote social inclusion. He said enhancing the use of digital technology, for instance, in agriculture can also ensure economic growth and help alleviate poverty on the […]
By Elvis DARKO, Accra Power Distribution Services (PDS) Ghana Limited has listed a number of operational improvements realised in the first four months of its operations in the Southern Distribution Zone. GH₵3.3bn ECG debt reduced by over GH₵1bn The company said Electricity Company of Ghana’s (ECG) outstanding debt of about GH₵3.3 billion, which has been […]
The Minister of State in charge of Agriculture, Dr Nurah Gyiele, has hinted of moves by government to subsidise mobile phones for rural farmers to augment the huge subsidies given to farmers in seed and fertilisers with technology. He says the move forms part of government’s efforts to improve mobile network and access to internet […]
Real estate developer and executive chairman of JL Holdings, Dr James Orleans-Lindsay has renewed his call on government to establish a fund to support players in the real estate sector provide affordable housing units for Ghanaians. A construction levy or fund, according to Dr Orleans-Lindsay, will afford developers lower interests on loans taken to build […]
The Minister of Agriculture, Dr Owusu Afriyie Akoto, has revealed that for the first time, Ghana did not import any seeds in the 2019 crop season. He was speaking at the launch of the new ‘Leadership4Africa’ Forum for African Agriculture Ministers held in Accra yesterday. The Minister said, “Improved seed that our own scientists had […]
