Business

As a nation, haven’t we failed to create a friendly business climate for private business persons to invest in ventures other than Ponzies? Is it not our collective failure that makes the unemployed and the underpaid find investing in Ponzi businesses credible alternatives to government treasury bill and other legitimate …

Ghanaians may be paying more for electricity after the Public Utilities Regulatory Commission (PURC) announces new tariffs in February. The Chairman of the PURC Technical Sub-Committee, Ishmael Edjekumhene, said the major tariff review to be implemented by the Utility Service Providers will be announced just in time for it to …

The Financial Reforms Group (FRG), a financial watchdog group monitoring the banking reforms project by the Bank of Ghana, has congratulated First Atlantic Bank and Energy Bank for a successful merger to meet the minimum capital requirement. In a press statement FRG said “the merger will bring reforms in the …

Technology company, Huawei Mobile, has announced that it has severed its relationship with comedian Teacher Kwadwo. The announcement comes a few days after the comedian took to social media to disclose that he no longer has any contract with Huawei.  The termination of the contract was precipitated by a petition …

Pressures from the cedi depreciation could compel the central bank to increase the policy rate by first half of 2019, economist Adu Owusu Sarkodie has projected. According to him, the demand for dollars in December due to the festive season could have an effect on the exchange rate forcing the …

The survey conducted by the Institute of Customer Service Professionals was carried out across various sectors including Financial, utilities, Telecommunications, Hospitality, Healthcare, Retail malls, Public Institutions and online businesses. It revealed that public Institutions especially utility providers were the worse when it comes to   good customer service delivery while retail …

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 …

Staff of the newly-established Consolidated Bank will have their employment assessed after a 60-day period to determine whether they are to continue working with the bank or not. A letter sent to the about-3,700 staff yesterday morning, signed by the CEO Daniel Addo, said: “The purpose of this letter is …

The Bank of Ghana says it is working to introduce mobile payments for persons interested in making checks on the collateral registry. The registry was established under the lenders and borrowers act to facilitate access to finance through secured lending. Speaking at the launch of the financial literacy and awareness …

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 …