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GHS1.4 billion interbank investments locked up in CBG

A total of 1.4 billion cedis belonging to other financial institutions is locked up with the Consolidated Bank as management of the bank says it does not have the cash flow to pay bulk depositors. Some of the customers are financial institutions including Microfinance and Savings and Loans Companies who …

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Canned goods, others barred from warehousing

Importers of consumables such as canned fish and drinks, cooking oils and tomato paste will have to get duties on those items paid upfront and have them cleared from the ports, as they will no longer be eligible for warehousing – effective November 1, 2018. Two other items which can …

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Freight forwarders strike over CTN

Freight forwarders are embarking on a strike today [August 27, 2018] to protest against the implementation of the Cargo Tracking Notes (CTN) system at the ports. The action has been necessitated by what the businesses say is the government’s failure to heed concerns on the policy which impedes trade facilitation. The strike …

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1D1F: 57 factories approved for Accra, 14 begin operations

Deputy Minister for Trade and Industry, Robert Ahomkah Lindsay, has hinted that as part of government’s One District, One Factory initiative, 57 factories have received approval from investors and will soon commence operations in the Greater Accra Region. More than half of the 57 factories the deputy Minister disclosed are …

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Former UT, Capital Bank staff demand exit package

Former workers of the defunct UT and Capital Banks have made an appeal to the central bank to ensure that their exit package, as agreed between UNICOF and the Receiver (PwC), is paid. The Bank of Ghana revoked the two banks’ licences due to severe impairment of capital on August …

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Govt must step in to make housing affordable—GREDA

Houses in Ghana will continue to be expensive until government implements pragmatic interventions to support the real estate sector. That’s the assertion of the Executive Secretary of the Ghana Real Estate Developers Association (GREDA), Sammy Amegayibor. Expressing his disappointment with government’s lack of support on the Citi Breakfast Show on …

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