Mobile Telecommunications giant, MTN has launched the 2019 edition of the Y’ello Care Challenge at Sekondi in the Western Region. ‘’For our friends who are hearing about Yello Care for the first time, MTN’s 21 Days of Y’ello Care is an annual staff volunteering programme that runs across the MTN Group from 1st to 21st […]
Mobile Telecommunications giant MTN has donated various items to the Western Regional Chief Imam towards this year’s Eid-ul Fitr celebrations. The items include a ram, 10 bags of rice, 10 cartons of vegetable cooking oil and 20 boxes of mineral water. Speaking during the presentation, the Senior Regional Manager in charge of South-West Business District, […]
Ghana has presented a concept paper on a gas supply project to the Ivorian government for power generation as part of efforts to expand existing collaboration between the two nations on energy. Currently, Ghana and the French West African country share power depending on availability, demand and supply. But the proposed deal, currently at an […]
The Ghana Tourism Authority (GTA) on Monday afternoon closed down Villagio Vista, located at Airport West in Accra which provides accommodation and catering services. This is because the facility does not have an operating license according to the Ghana Tourism Authority. Consequently, the GTA has placed a closure notice at the premises and given the management 24 […]
The receiver of the 347 insolvent microfinance companies whose licences were revoked on Friday, May 31, 2019, Mr Eric Nana Nipah of Pricewaterhouse Coopers (PwC), plans to institute civil action against owners of the collapsed companies to recover lost funds. This comes as the receiver begins processes to take control of the affected companies. A […]
Provisional data being scrutinised by the Bank of Ghana (BoG) indicates that the revocation of licences of 386 microfinance and microcredit companies will save nearly 1.2 million depositors. The BoG revoked the licences of 347 insolvent microfinance and 39 insolvent microcredit companies, saying the institutions continue to pose risk to the entire financial system. According […]
Ghanaians and other Africans in the Diaspora have been urged to return, explore and participate in the 2019 homecoming summit scheduled for July in Accra. Minister for Information Kojo Oppong Nkrumah, who made the call at a Ghana Diaspora homecoming roadshow in Coventry, UK, said the invitation was important as it gives the Diasporeans a […]
Government has appointed an acting Commissioner for the Customs Division of the Ghana Revenue Authority. Colonel Kwadwo Damoah (Rtd) replaces Mr. Isaac Crentsil who has been reassigned to the Ministry of Finance. Also, Mr. Ammishaddai Owusu-Amoah and Ms. Julie Essiam have been appointed Acting Commissioners for Domestic Tax Revenue Division and Support Services Division respectively. […]
Story by: Dennis Opare International Business Leader and author of The Bold New Normal, Lucy Quist has been appointed as a Managing Director and Head of Change Leadership at Morgan Stanley. Lucy was recently the Vice President of the FIFA GFA Normalisation Committee. Breaking barriers and changing narratives is Lucy’s forte; in 2014, she made […]
The Commissioner of the Customs Division of the Ghana Revenue Authority and two other commissioners have been reassigned to the Ministry of Finance. A circular issued by the Ghana Revenue Authority and signed by the Commissioner-General, Mr. Emmanuel Kofi Nti named the two other commissioners as Kwasi Gyimah Asante, Commissioner of Domestic Tax Division and […]
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 […]
