Opposition National Democratic Congress (NDC) Member of Parliament for Yapei/Kusawgu in the Northern region, John Jinapor has rebutted suggestions by the Minister-Designate for information, Kojo Oppong Nkrumah that clearance has been given for government to employ some 145 thousand Ghanaians. According to him, government intends to use monies from the District Assemblies Common Fund for […]
Banks in Ghana will probably report higher earnings in 2019 after the country’s regulator embarked on a cleanup of the industry and economic growth accelerates, according to Moody’s Investors Service. Ghana’s central bank is seeking to bolster lenders by revoking the licenses of poorly governed companies and implementing stricter guidelines on capital buffers. Banks have […]
The Bank of Ghana (BoG) cannot absolve itself from the recent ‘catastrophe’ that has rocked the banking industry, leading to the collapse of a number of financial institutions, the Asantehene, Otumfuo Osei Tutu II, has stated. He said either deliberately or as a result of its weak supervision, the regulator could not have been ignorant of […]
Chief Executive Officer of the Ghana Cylinder Manufacturing Company, Frances Essiam is advocating a national dialogue that will help proffer a clear cut solution to dealing with the country’s depreciating currency and also push government’s industrialization agenda. According to her, the country must institute measures that will promote manufacturing and discourage imports. Speaking on Accra […]
Former Director General of the Ghana Ports and Harbours Authority, Paul Asare Ansah has won the prestigious J B Danquah Eastern Corporate Leadership Personality 2018 award. This was at the Eastern Star Awards held at the Mac Dic Royal Hotel in Koforidua last Thursday. Mr. Paul Ansah’s nomination out of the 22 Public Sector CEOs […]
Spokesperson to the Vice President, Dr. Mahamudu Bawumia, Dr. Gideon Boako has indicated that the recent upgrade of Ghana’s credit rating from B- to B, by international rating agency, Standard & Poor’s will shore up investor confidence in the country. According to him, the cardinal signal that investors look out for, before investing in a […]
Vice President Dr. Mahamudu Bawumia’s recent comments that Ghana’s economy is built on strong fundamentals have received vindication from Standard & Poor’s Global Ratings. Dr. Bawumia while speaking at a Student’s Entrepreneurship Initiative program in Tamale dismissed the minority National Democratic Congress’s (NDC) concerns that the recent marginal depreciation of the cedi was occasioned by […]
The global and international credit ratings agency, Standards and Poor (S&P) global has affirmed Ghana’s stronger macroeconomic fundamentals. The rating agency has upgraded Ghana’s credit score from ‘B’ minus to ‘B’ with a stable outlook. At the same time, they have revised Ghana’s transfer and convertibility (T&C) assessment to ‘B+’ from ‘B’. In its latest […]
Menzgold has ramped up its legal firepower as it has hired one of the leading British law firms Baker & McKenzie LLP as it prepares to do battle with the Securities and Exchange Commission (SEC) over a regulatory stand-off. The Ghana-headquartered company will continue to draw on the expertise of one of the country’s highly […]
A Senior Research Fellow at the Institute for Fiscal Studies (IFS), Dr Said Boakye, has expressed confidence in the managers of the economy, allaying fears the recent depreciation of the local currency will lead to economic meltdown. The Ghana Cedi in recent times has depreciated marginally against major international currencies, especially the US dollar causing […]
But for the recent Banking crisis that has plaqued the country, Maverick politician and businessman Kennedy Ohene Agyapong would have established a Bank. The New Patriotic Party Member (NPP) of Parliament for Assin Central constituency in the Central Region said he was at the brink of establishing the bank when the crisis which has led […]
The Securities and Exchange Commission has instructed Menzgold Company Limited to shut down its operations immediately. The commission is accusing the company of operating beyond its bounds without proper licensing and permission. The shutdown is in respects of the company’s business of collectibles with guaranteed returns to clients which the commission says amounts to dealing […]
