The Vice President, Dr. Mahamudu Bawumia on Wednesday, August 8 2019, launched the Gh Dual Card. The Gh Dual Card is an intiative of the Ghana Interbank Payment and Settlement System (GhIPPS) and can function as an e-zwich and gh-link card simultaneously. It makes moving funds seamlessly across the various payment platforms: mobile wallets, e-zwich […]
Category: Business
President Akufo-Addo presents cash awards to winners of Presidential Pitch Season Two
President Nana Addo Dankwa Akufo-Addo yesterday, Tuesday, August 6 2019, presented cash awards to winners of the Presidential Pitch Season two. The winners took home various sums ranging from GH¢25,000 to GH¢60,000 in grants to expand their businesses. This year, the cash awards have been converted from loans to grants and will not require the […]
Veep opens World Business Angels Investment Forum Office in Accra
Vice-President Dr Mahamudu Bawumia yesterday opened the World Business Angels Investment Forum (GBAF) office in Accra, to empower and finance start-ups, innovators and small and medium-scale enterprises (SMEs) in the country to scale up. The office, the first to be established in the West African sub-region, will interact and engage with a wide range of […]
Ghana invents sanitary pads with banana and plantain fibre-President gifts inventors GH¢40,000 of personal money
A team of two female students from the Kwame Nkrumah University of Science and Technology (KNUST) – Matilda Asantewaa Sampong and Emilee Otoo Quayson, yesterday emerged the winner of season II of the Presidential Pitch and took home a GH¢60,000 investment package. In addition, they were given GH¢40,000 personal donation by President Nana Addo Dankwa […]
ECG back in control following PDS suspension
Government has suspended its concession agreement with the Power Distribution Services (PDS) bringing back the Electricity Company of Ghana (ECG) in full control. According to Information Minister, Kojo Oppong Nkrumah, the decision was taken after government detected “fundamental and material breaches of PDS’s obligation in the provision of Payment Securities (Demand Guarantees) for the transaction […]
President Akufo-Addo charges WB, IMF officials to help make Africa beyond aid a reality
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has charged Finance Ministers, Central Bank Governors and African Governors of the World Bank and International Monetary Fund to help realise the vision of a self-reliant Africa that is no longer dependent on the receipt of aid and charity. Addressing the African Caucus Meeting of African […]
Ghana Cocoa Board to raise $1.3 billion in syndicated loans
Ghana Cocoa Board will raise $1.3 billion in syndicated loans for its operations in the 2019/2020 season, the Minister of Finance Mr Ken Ofori-Atta announced in Parliament on Monday. In addition to the annual syndicated loan of US$ 1.3 billion, COCOBOD has initiated processes with the African Development Bank (AfDB) to raise additional US$600 million, […]
NAFCO boss assures of huge returns on investments in Agriculture soon
The government of Ghana says it anticipates massive dividends soon from its significant investment into the agriculture sector over the last three years. “We are anticipating a modernized agricultural sector generally, but we also expect abundance of food, improved livelihood for our farmers and fisher-folks, provision of adequate infrastructure to facilitate transportation of agricultural produce, […]
Closure of 347 microfinance companies: GH₵21.7M paid to 33,000 depositors-Receiver validates GH₵480m
The Receiver of the 347 microfinance companies (MFCs) whose licence have been revoked by the Bank of Ghana (BoG) has so far paid GH₵21.7 million to approximately 33,000 depositors. GH₵480m claims by 66,000 depositors This is out of GH₵480 million validated and agreed claims by 66,000 depositors as at July 19, 2019. GH₵937m claimed by […]
Tullow MD charges graduates to be ethical and principled
Executive Vice-President for Tullow Ghana, Kweku Andoh Awotwi has charged university graduates to strive to be ethical and principled as they step into the world of work. He added that being ethical and principled was a prerequisite for good leadership, noting, “We recognise that you’re tomorrow’s leaders. You must aspire not to be just any […]
Where are our Ghanaian agricultural scientists in the GMO debate – MD for Kuapa Kokoo
The Managing Director of Kuapa Kokoo Limited, Mr Samuel Adimado, has challenged Ghanaian agricultural scientists to provide solutions to the myriads of ecological challenges confronting farmers in their quest to ensuring food security instead of advocating for Genetically Modified Organisms (GMOs). He contends that caution must be exercised in importing GMOs or Genetically Intensified Organisms […]
Finance Minister presents 2019 mid-year budget review today-10 things to expect
The Minister of Finance, Ken Ofori-Atta is expected to be in Parliament, Monday, July 29, 2019, to present to the House, a review of Ghana’s 2019 budget. The presentation of the mid-year budget review is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). Ahead of the presentation, some Ghanaians […]