The Bank of Ghana has answered most of the Frequently Asked Questions (FAQs) on why it revokes the licenses of insolvent micro-finance institutions. Just today, Friday, May 31, 2019, the BoG announced the revocation of the licenses of as many as 347 micro-finance companies. Read the 14 answered questions below: FAQs-Revocation of Licences of Insolvent […]
The Bank of Ghana has revoked the licenses of some 347 microfinance companies which are deemed insolvent, across the country. These actions according to a press release issued by the BoG a while ago were taken pursuant to section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which requires the […]
The Institute for Energy Security (IES) says fuel prices are inching towards 24 Ghana Cedis per gallon. This was captured in its first pricing window projections for June 2019. A statement issued by the institute and signed by its research analyst, Mikdad Mohammed attributes the trend to a combination of international market prices as well […]
The Managing Director (MD) of Cal Bank, Mr. Frank Brako Adu has made a damning revelation, saying 40% graduates who go into the banking and financial sector have intentions to defrauding institutions to achieve quick money. The Managing Director said his figures are the result of a recent research conducted. Speaking on TV3’s monthly business […]
By John Elliot HAGAN, Accra Minister for Food and Agriculture, Dr Owusu Afriyie Akoto has revealed that Ghana exported 150,000 metric tonnes (MT) of food items worth GH₵400 million to neighbouring countries, including Togo, Cote d’Ivoire, Niger, Mali, Burkina Faso, Benin and Northern Nigeria, last year. GH₵3.3 billion generated at the farm-gate Additionally, he said […]
Minister for Business Development, Dr Ibrahim Mohammed Awal has urged young entrepreneurs in the country to seize the opportunity offered by Africa’s Continental Free Trade Area (AfCFTA) to grow and expand their business to meet global standards. He urged them to be competitive, given that the unveiling of the AfCFTA merges 55 African countries into […]
Embattled Chief Executive Officer of distressed gold trading firm, Menzgold, Nana Appiah Mensah has said his assets far more exceeds his liabilities and that he is more than willing to come to Ghana and pay all customers should government clear him to return home from Dubai where he has been held in detention for some […]
Ghana Cocoa Board (Cocobod) plans to issue up to two billion dollars in bonds to pay off some legacy debts on its books, Mr Ray Ankrah, Deputy Chief Executive Finance, has said. Speaking at a meeting with executives of Standard Bank Group in Accra, Mr Ankrah said Cocobod was looking at a tenor of between […]
Executives of the Standard Bank Group have visited the Chief Executive of the Ghana Cocoa Board (COCOBOD), Joseph Aidoo Boahen. The Executives were at his office on Tuesday, May 28, 2019, in Accra, to among other things, learn about the operations of the Ghana cocoa sector as well as to find out ways in which […]
The Ministry of Business Development (MOBD), in collaboration with the Institute for the Creation and Development Enterprise (INCYDE) of Spain, yesterday began a training programme for some selected 30 heads of enterprises and training hubs. They are being trained to provide requisite training and skills to beneficiaries of government’s National Entrepreneurship and Innovation Plan (NEIP) […]
Governor of the Bank of Ghana (BoG), Dr Ernest Addison says the Ghanaian economy has strong growth prospects, with major indicators pointing in the right direction. With a flourishing private sector, inflation well anchored, and foreign reserves reliable, the Bank of Ghana remains confident the economy is in good health, he added. The governor, who […]
The Minister for Fisheries and Aquaculture, Mrs Elizabeth Afoley Quaye, has revealed government’s plan to supply suitable fishing nets to fishermen at a reduced price as part of measures to support the fisheries sector. She said the fisheries sector provided economic livelihood to a large number of the population, particularly those in the coastal and […]
