The GCB Bank Limited has assured customers of the erstwhile UT and Capital banks of a marked difference in its services to them in the coming days after a historic purchase and assumption (P&A) agreement automatically migrated the customer…
The US and India is to co-host the Global Entrepreneurship Summit (GES) slated for November 28-30 in Hyderabad, India.A release from the US State Department Press office and copied to the Ghana News Agency said the Advisor to the President…
MTN Ghana has made payments of over GH¢ 25 million in interest to about 7.8 million Mobile Money customers for the first half of 2017.
The GH¢ 25 Million comprises of GH¢ 13.6 million paid in May for quarter one and GH¢ 11.5 million pai…
The National Pensions Regulatory Authority (NPRA) has assured trustees who appointed UT Bank as their Custodian that their Pension Funds will not be affected by the takeover. NPRA said the current purchase and takeover by the GCB Bank and…
The Minority in Parliament has called for a bi-partisan investigation into circumstances that led to the collapse of UT and Capital banks. Members said the Minister of Finance and the Governor of the Bank of Ghana, should be invited by Par…
GCB Bank says it will conduct a skills assessment as part of the integration process of the two assumed banks to be able to tell the number of employees to retain.
Mr Ray Sowah, the Managing Director of GCB Bank, told a news conference …
Agro-input dealers have undergone training on Seed Business Development and Rice Varietal Recognition aimed at equipping them with knowledge to better understand the seed sector to ensure effective marketing.
The five-day training, held…
Fiat Chrysler will join an alliance led by BMW to develop self-driving cars, intensifying a race by carmakers and technology companies to develop "robotaxis" which can be called up via smartphone and paid for by the minute.
The market f…
The Ghana Ports and Harbours Authority is poised to regain strength to become an effective channel for Ghana’s international trade, Mr Paul Asare Ansah, the Acting Director of the Authority, has said.
This follows reforms by the Authori…
The Konyah Family has emerged winners of the Access Bank promo in the first batch group draw held at the Osu Oxford Street branch in Accra. The Konyah Family took away an all-expense paid holiday package. The Front View Enterprise and Br…
The Upper East Regional command of the Customs Division of the Ghana Revenue Authority (GRA) has held its second quarter public tax education forum for selected stakeholders in Bolgatanga under the theme, “Taxation; Key to Ghana’s Economic…
Fidelity Bank has rewarded the first batch of winners in the Fidelity 10x Richer Promo which aims to inculcate in Ghanaians the habit of saving.
The winners of the first draw are Pius Adom of Stadium Post Branch, Adam Osman Adom of Suam…
The Executive Director of Delta Capital, Mr Samuel Asiedu, has urged the youth interested in agriculture as a business not to allow the recent army worm invasion halt their dream.
He advised the youth, many of whom had shown interest in…
The Vice-President, Dr Mahamudu Bawumia, has reiterated that from the beginning of September, 2017, the government will not tolerate the inexplicable charges, delays and lack of transparency at the various ports in the country.
He said …
Nana Appiagyei Dankwawoso I, the National President of the Ghana Chamber of Commerce and Industries, has said the private sector is prepared to take advantage of the various opportunities that the government policies would offer to busines…
US President Donald Trump hit back at business leaders on Tuesday as executives tried to distance themselves from the administration.
Mr Trump is under fire for being late to condemn white supremacists and neo-Nazis involved in a violen…
To achieve long-lasting business success calls for one thing and that is ensuring world-class standards. Using standards can offer a set of powerful business and marketing tools for organisations of all sizes as they can use it to fine-tun…
Alhaji Boniface Abubakar Saddique, the Minister of Inner City and Zongo Development, has hailed the University of Ghana (UG) for initiating the Ghana-Well-Being Project with the private sector.
He said the project would go a long way to…
The second national policy summit opened in Accra on Monday, focusing on industrial transformation as part of government strategies to gather views from the public about how to revamp the economy for sustained growth.
Council of State C…
Mr. Ibrahim Akalbila, the Coordinator of the Ghana Trade and Livelihood Coalition has appealed to the government to give the needed attention to female farmers to enable them have adequate access to farm input to improve productivity.
H…
Air Berlin, Germany's second-largest carrier, has filed for insolvency, after its main shareholder Etihad declared it would not be providing further financial support.
The airline, which has accumulated debt for almost a decade, reporte…
The International Monetary Fund has warned that China's credit growth is on a "dangerous trajectory".
In a new report, the IMF says there is an increasing risk of a "disruptive adjustment" and/or a marked slowdown in economic growth".
…
The Mumuadu Rural Bank made a profit of GhC2.1 million last year, an increase of 39.9 per cent over the profit made the previous year. The bank therefore declared a dividend of GhC0.028 per share.
This was announced by Mr. Seth Adom-Aso…
Mr Alan Kwadwo Kyerematen, the Minister of Trade and Industry, on Monday, said the industrial transformation agenda of the government would not come by chance but requires bold, comprehensive and ambitious policy interventions.
To this …
Mr Boakye Kyeremateng Agyarko, Minister of Energy has expressed concern over certain practices in the past where GNPC was used as the cash-cow to support other government entities.
According to him it was not a healthy practice because …
International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8 per cent compared to the year-ago period.
This was…
Germany's economic growth slowed in the second quarter of the year but remained robust, according to official data.
The country's gross domestic product rose by 0.6% in the three months to June, the Federal Statistics Office said, which…
The Ghana Apparel Manufacturing Expansion Programme has been jointly launched by President Nana Addo Dankwa Akufo-Addo, and the US Ambassador to Ghana, Mr Robert P. Jackson to provide training for 1,337 people and create 1,187 new apparel-…
Hatchery Business Club (HBC) is to give soft loans to the youth and guide on how to start their own businesses.
Speaking at the launch of Hatchery Business Club (HBC) in Accra last week, the Chief Executive Officer (CEO) of the company,…
The Ghana Stock Exchange (GSE) sustained its upward rally after risk appetites of investors kept improving due to current developments in the money market and positive financial footings of some listed companies.
The GSE Composite Index…
Last year, the government overspent its budget by a little over GH¢4.2 billion, although its revenue fell by almost GH¢9.5 billion.
The over expenditure and the shortfall in public revenue have been captured by the Auditor-General in it…
It is emerging that the GCB Bank Limited was prevailed upon to absorb the performing assets of the now insolvent UT Bank and Capital Bank in a manner that will help minimise the impact of their insolvency on the entire banking sector, main…
The Bank of Ghana (BoG) says the forced takeover of UT Bank and Capital Bank on Monday morning is an action of last resort after the fortunes of the two banks continually deteriorated despite being on life support for two years, reports Ma…
Dr Ernest Addison, the Governor of the Bank of Ghana, says the decision to revoke the licenses of UT Bank and Capital Bank (BoG) was taken to protect customers and the banking system.
Addressing a news conference on Monday, Dr Anderson …
Oil prices fell on Monday as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in U.S. drilling capacity could deepen a global supply glut.
Chinese refineries processed…
Japan's economy grew at its fastest pace for more than two years in the second quarter as consumer spending and capital expenditure ramped up.
Gross domestic product expanded at an annualised rate of 4% in the April-to-June period, gove…
Donald Trump is set to launch an investigation into China's trade practices later, a move which could lead to the US imposing sanctions.
The president will sign a memorandum directing US Trade Representative Robert Lighthizer to look in…
Canada’s exports to Ghana last year amounted to$252 3 million, while Ghana’s exports to Canada was $67.2 million.The record is an improvement for both sides over the 2015 performance, which was $215.5 million for Canada and $49.8 for Ghana…
The Ministry of Trade will on Monday, August 14, take its turn at the National Policy Summit.
A statement issued by the Information Services Department, on Friday, and copied to the Ghana News Agency, said the two-day event would be h…
President Nana Addo Dankwa Akufo-Addo on Tuesday, August 15, will lay the foundation stone for the construction of a technologically advanced cement factory for CBI Ghana at the Tema Free Zones Enclave.
When complete, the CBI Ghana plan…
World stocks rose on Monday, recovering some of their poise after fears of a U.S.-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen.
U.…
The GCB Bank has acquired UT Bank and Capital Bank following the distress of the two banks, the Bank of Ghana (BoG) has said.
The development is in line Section 123 of the new Banking Act, which states that when a bank is in distress, t…
A Deputy Minister of Trade and Industry, Mr Robert Ahomka-Lindsey, says the government is working on plans to revamp the Komenda Sugar Factory at Komenda in the Central Region through broader stakeholder consultation.
He said it would t…
The Government is to allocate warehouses to off-takers of the planting for food and jobs programme to enable them to stock excess food during the bumper season.
The old warehouses which belonged to the COCOBOD had been leased by the Min…
The Ghana Stock Exchange (GSE) has with effect from Monday, August 14, 2017 suspended the listing status of UT Bank Limited indefinitely.
A statement released by the GSE Monday said UT Bank breached the GSE’s Listing Rules by failing t…
The GCB Bank has acquired UT Bank and Capital Bank following the distress of the two banks, the Bank of Ghana (BoG) has said.
The development is in line Section 123 of the new Banking Act, which states that when a bank is in distress, t…
Vodafone Ghana Foundation has concluded a five-day coding and technology camp at the University of Cape Coast. This forms part of a wider strategy by the telecommunications company to ignite Ghana’s digital agenda.
The camp, which had …
Fabeco Group Limited, local distributor of Covides, from one of Spain’s biggest wine producers from the Penedes region of Barcelona, has held the maiden wine tasting and food pairing event in Accra.
The event dubbed: “Experience Espana …
This feature is a continuation of an earlier publication on various funding sources available to corporate bodies; and the usefulness of these funds to the expansion and growth of firms in an economy.
Discussions in the previous write-u…
The Ghana Revenue Authority (GRA) has held a seminar for small tax payers in Cape Coast and its environs to help deepen their understanding of the tax laws and relevant taxpayer issues.
It is the GRA’s desire to achieve a reasonable de…
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