The Governor of the Bank of Ghana Dr. Ernest Addison has stated that before the central bank revoked the license of UT Bank, it was unsuccessful in getting a local bank to take over the reins of the Prince Amoabeng founded bank. According to him, the books of the bank were so bad that even […]
Executive Chairman of Goldstar Air, Mr. Eric Bannerman has said the Airline, being truly Ghanaian is motivated to name its aircrafts after prominent Ghanaians. Goldstar Air, a wholly owned Ghanaian airline has unveiled plans to name some of its aircrafts after prominent Ghanaians, particularly, the president and former presidents. This came to light when Management […]
Ghanaian Energy Company, Springfield Exploration and Production Limited’s Afina well discovery in November has been named amongst the top ten most significant global hydrocarbon discoveries in 2019. The list, compiled by IHS Markit, a United Kingdom based world class intelligence gathering organization with over 5000 analysts, data scientists, financial experts and industry specialists also positioned […]
The German Government has given Ghana 250 million Euros to upgrade and expand the country’s electricity transmission infrastructure. The arrangement evolves from Germany’s Compact with Africa programme, where the European nation has put in place a one billion Euro fund to boost the private sector in Compact countries, of which Ghana is one. As a […]
Government, through the National Petroleum Authority (NPA) has commissioned the Command and Control Centre for the Bulk Road Vehicle (BRV) and the Electronic Cargo Tracking System (ECTS). The move marks part of efforts by government to combat illicit activities in the petroleum downstream sector such as bunkering, smuggling and dumping of fuel products that are […]
Michael Nyinaku, a former Managing Director of Beige Bank, who is being held for stealing and money laundering, have been remanded by an Accra Circuit Court. Nyinaku, who made his first appearance in court on Tuesday denied the charges. He is being held for stealing and laundering close to GHC 340.94 million allegedly belonging depositors. […]
Former Chief Executive Officer of UT Bank and Prsident of UT Holdings, Prince Kofi Amoabeng has been granted bail in the sum of 110 Million Ghana Cedis. The circuit court, presided over by Justice Essandor granted Mr. Amoabeng bail with two sureties who earn not less than 2 thousand Ghana Cedis. BestNewsGH.com can report that among […]
Information reaching BestNewsGH.com indicate that former Chief Executive Officer of UT Bank and chairman of UT Group of companies, Prince Kofi Amaobeng has been arrested by police in connection with the collapse of UT Bank. BestNewsGH.com is informed Mr. Amoabeng was picked up at his office in the morning of today, Tuesday, January 14, 2020 […]
Ethiopian Airlines aims to expand its network rapidly with new routes to Chennai, India and Houston, Texas in the United States in line with its strategic plan. Ms Genet W. Michael, the Country Manager for Ethiopian Airlines in Ghana, said the airlines has been exploring partnerships with many different airlines to increase its reach. “We […]
The Ghana Statistical Service says there is a possibility that the 2020 population and housing census scheduled to start in March could be delayed if some existing on-field challenges are not resolved. Speaking on the upcoming exercise, Government Statistician, Professor Samuel Kobina Annim noted that while he is confident funds will be released for the […]
An analysis of the Ghana Statistical Service’s data on inflation for 2019 shows that Greater Accra was the most expensive region for consumers over the past 12 months. The country’s statistical agency which collects data on the changes in prices of food and non-food items on Wednesday, released its December 2019 data which showed that […]
The Greater Accra Regional Police Command has arrested over 100 customers of Menzgold who stormed the house of the company’s Chief Executive Nana Appiah Mensah, NAM1. The Head of Operations at the Accra Regional Police Command, Assistant Commissioner of Police (ACP) Kwesi Ofori, briefing the media said the customers did not inform the police of […]
