Some aggrieved customers of Gold Coast Fund Management (GCFM) have petitioned the Economic and Organised Crime Office (EOCO) to investigate the directors of the investment firm. Assuring to offer their full cooperation during the probe, the customers claim their investments have been illegally transferred to Liberia and the US by Dr Papa Kwesi Nduom, the […]
In spite of a challenging operating environment, Ecobank Ghana Limited showed sterling performance in the 2018 financial year, growing profits (before tax) from GH₵358 million in 2017 to GH₵506 million in 2018, representing a 41% increase. Profit after tax rose 34% from GH¢253 million in 2017 to GH¢339 million in 2018. Board Chairman of Ecobank […]
Access Bank has recorded an increase in profits by 23% to GH₵72 million from GH₵58 million in 2017. Total Assets grew by 11% from GH₵3.2 billion to GH₵3.5 billion. Deposits rose by 15% to GH₵2.5 billion from GH₵2.1 billion in 2017, with Gross Earnings increasing by 12% to GH₵544 million from GH₵485 million. These figures […]
Mobile Telecommunications giant, MTN has assured customers of its unhindered commitment to them as it earmarks a whopping 160 Million Dollars for upgrading and expansion of its network in 2019. According to the company, it is such drive to ensure that commitment is well delivered that motivated it to christen the year 2019, the year […]
The Chief Executive of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has officially handed over an ultra-modern solar-powered irrigation system which will enable year-round production of cocoa on a farm and more than double yields. The irrigation system, which also has a fertiliser dissemination component, is the first of its kind and the first […]
Ghana and Slovenia have signed a memorandum of understanding (MoU) towards developing and strengthening economic co-operation to exploit the wide range of investments and business opportunities between them for the wellbeing of their citizens. Dr Mohammed Awal, the Minister for Business Development, signed for Ghana while Slovenia’s Deputy Foreign Minister, Dobran Bozic, signed for his […]
Chief Executive Officer (CEO) of the Chamber of Bulk Oil Distributors (CBOD), Mr Senyo Hosi has described the Tema Oil Refinery (TOR) as a necessary centre of the success of the proposed petroleum hub in Ghana. He said even though TOR has base assets that can be developed into a variable refinery, the success of […]
Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank. The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa, which produced 139.3 tonnes […]
Ghana’s High Commissioner to the UK&Ireland has assured Ghanaian business owners in the UK he will work to help address the challenges they face in their businesses. “ The businesses you are engaged in continue to make a positive impact on the economy back home and that is why I have come to see at […]
The Managing Director of Tullow Ghana, Kweku Awotwi, has revealed his outfit has awarded contracts totalling $10.6 billion to indigenous companies and joint ventures in which local companies are partners. The expansion of Ghana’s upstream sector, with new entrants coming in, sets the sector up nicely for further growth, he said. He explained that participation […]
Government commissioned Brompton Portfolio Limited’s paper products factory on Tuesday 7th May, 2019 at the Nsawam Medium Security Prisons in the Nsawam Adoagyir Municipality. The Factory manufactures toilet rolls, tissues, paper towels and packaging products. The company has acquired modern machinery and equipment with the capacity to produce over 160,000 packs of tissue papers and […]
Minister of Trade and Industry, Alan Kyerematen has disclosed the pledge by some Chinese financial institutions to make a $400 million financial support available towards the implementation of the Ghana government’s flagship ‘One District, One Factory’ (1D1F) programme. The Chinese institutions, he mentioned, are to lend the $400 million to the local banks for onward […]
