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You need GHS20m to set up MoMo company – BoG

The Bank of Ghana (BoG) has announced GHS20 million as the minimum capital required for operating a mobile money company in the country. The diercetive comes on the back of the enactment of the Payment Systems and Services Act, 2019 (Act 987) to provide the legal and regulatory framework for …

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Metro Mass Transit threatens to sue NDC MPs over debt

Management of the state owned Metro Mass Transit company(MMT) Limited has threatened to take legal action against some National Democratic Congress (NDC) Members of Parliament to settle their indebtedness to the company. The company says seven MPs including Samuel Okudzeto Ablakwa, A. B. A. Fuseini, Mahama Ayariga, Amidu Suleman, Alhaji …

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E/R: Tonnes of Maize rot away as no buyers exist

Several metric tonnes of maize are going waste in Maame-Krobo in the Afram Plains South District of the Eastern Region due to inadequate buyers. Maame Krobo is known for the large production of maize, however, Maize farmers in the farming community are struggling to get buyers for tonnes of maize …

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Daily Minimum wage increased to GH¢11.82

The National Tripartite Committee (NTC) has announced that effective January 1, 2020 the National Daily Minimum Wage (NDMW) in Ghana has increased to GH¢11.82. It is an 11 per cent increase from GH¢10.65 figure for 2019. According to the Minister of Employment and Labour Relations, Mr Ignatius Baffour-Awuah, the new …

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