The ruling New Patriotic Party Member of Parliament for the Afutu Constituency in the Central Region, Alexander Afenyo Marking has said in as much as the majority of Ghanaians would not consent to government using the tax payer’s money to pay customers of distressed gold trading firm Menzgold, government must find way of liaising with […]
President Nana Addo Dankwa Akufo-Addo has assured the people of Ghana and the private sector that his Government will continue to work to create a stable economic framework and positive outlook for businesses. According to President Akufo-Addo, “The days when economic indicators went haywire and through the roof are over. The days of disarray in […]
Former employees of defunct capital bank will from Friday, January 18, 2019 begin receiving the severance packages. A statement issued by the joint receivers of the now defunct bank has confirmed. The current information is a follow up on an earlier press release issued in the dailies on the 10th of January 2019. This news […]
First Sky Group, owners of First Sky Construction, First Sky Commodities and Volta Serene Hotel have donated an amount of GH₵1 million to the National Road Safety Commission (NRSC) and the Ministry of Roads and Highways to help curtail road accidents through education and road safety campaigns. The company, which has over the years spent […]
Management of Databank has refuted recent claims in the media that it is dealing in gold collectibles. A statement issued in Accra by Gillian Hammah, Group Chief Marketing Officer of Databank, said, “We would like to assure our customers and the Ghanaian public that this claim is false. “We are not licensed to deal in […]
Government in collaboration with Bloomberg today Monday January 14, 2019 launched the Bloomberg Media Initiative Africa training programme in financial journalism. The event which took place at the Kempinski Hotel saw officials of Bloomberg and scores of government officials in attendance. Minister for education, Dr. Mathew Opoku Prempeh in a speech said it was important […]
The approach of the Ghanaian government and its regulators to “managing” struggling banks in Ghana has evolved yet again. From majority state-owned banks doing “purchase and assumption”, we moved to “resolution and consolidation”, and now we are on the cusp of state-directed, privately financed, transactions to “save” solvent but capital non-compliant banks. Instead of the Government bearing […]
The strong will of the government towards industrialization will ultimately help to strengthen and broaden the country’s micro, small and medium enterprises environment, according a deputy Trade and Industry Minister, Carlos Kingsley Ahenkorah. Speaking at a Partners’ Appreciation Awards organized by the National Board for Small Scale Industries (NBSSI) in Accra, he said that it […]
Axxela Limited, sub-Saharan Africa’s preferred fast-growing gas & power portfolio company, has signed a Gas Transportation Agreement (GTA) with the West African Gas Pipeline Company Ltd. (WAPCo) to transport over 15 million standard cubic feet per day (“mmscf/d”) of natural gas via the West African Gas Pipeline (WAGP) to Lome, Togo. During the signing ceremony […]
The Chief Executive Officer of the Ghana Free Zones Authority, Michael Okyere Baafi has once again distinguished and acquitted himself as an astute administrator of one of Ghana’s most important public sector agencies. Mr. Okyere Baafi beat stiff competition from other equally strong and competent chief executive officers to emerge the overall best Chief Executive […]
The Bank of Ghana on Friday, 4th January 2019 announced the revocation of the banking licence of Heritage Bank Limited on the following grounds; (1) Suspicions relating to the source of the bank’s capital and matters related therewith including the claim that it was derived from contracts with COCOBOD which were the subject matter of […]
Distressed gold trading firm, Menzgold says government’s position on its predicament vindicates the company’s long held position that it was not under the Securities and Exchange Commission or the Bank of Ghana and therefore could not be sanctioned by the two state entities. In a statement cataloguing its position on the Menzgold matter yesterday, government […]
