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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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Groupe Nduom to open Liaison Office in Washington DC

Groupe Nduom, a multinational company, has announced plans to open a Groupe Nduom (GN) Liaison Office in Washington DC, United States of America. President and Chairman of GN, Dr Papa Kwesi Nduom, made this known while speaking at Ghana’s 61st Independence Anniversary Dinner in Washington DC, USA, at the weekend. …

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BOST saga: Bipartisan probe urgent – PIAC

The Public Interest and Accountability Committee (PIAC) is calling for a bipartisan probe into COPEC’s allegations of a shady crude oil sale by the Bulk Oil Storage and Transportation Company Limited (BOST). The Executive Director of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has alleged that the deal has …

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Poverty levels to widen over excessive borrowing – IFS

The Institute for Fiscal Studies (IFS) is predicting of a huge distortion to the provision of major infrastructural projects in the country should government fail to tackle the rising public debt stock. The IFS argues that the rising interest payment on the debt continues to drain financial resources allocated to …

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Government extends passport validity from 5 to 10 years

Government says it has extended the validity of the Ghanaian passport from five (5) years to ten (10) years.   However, the processing fee remains the same until further notice.   This will take effect from March, 31st this year   A Fax message signed by the deputy minister foreign …

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