The Ministry of Business Development yesterday presented an amount of GH₵200,000 to female entrepreneurs living with disability to expand their businesses. This is under the presidential empowerment for disability. Yesterday’s presentation forms part of the GH₵2 million fund earmarked for women entrepreneurs with disability by the government. The women were drawn from areas such as […]
The Millennium Development Authority (MiDA) has stated that Al Koot, Qatar-based insurance & reinsurance company, duly notarised the Guarantees provided by Power Distribution Service in accordance with Qatari law verifying their authenticity. It said in order to ensure the enforceability of the Guarantees, MiDA insisted on having the Guarantees notarised, which was duly done. MiDA […]
Vice President Mahamudu Bawumia says Ghana’s strides in the area of technology aided payment systems makes the country the undisputed leader in the payment systems space on the African continent. In his keynote address at the launch of the “Gh Dual Card” at the forecourt of the Ghana Interbank Payments and Settlement Systems (GhIPSS), Vice […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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, […]
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, […]
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 […]
