Ghana
Vai alla Scheda Paese »Action without thought is empty. Thought without action is blind.
— Kwame Nkrumah
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BoG, banks tighten security against fraud
Banks in Ghana have begun rigorous measures to halt cyber fraud in the financial sector. The move, which is in collaboration with the Bank of Ghana, is targeted at internet fraudsters who dupe unsuspecting bank customers through hacking. Speaking to Citi Business News in an interview, the Executive Director of ...
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GES to recruit over 2000 teachers for Maths and Science in SHS
The Ghana Education Service (GES), is to recruit over 2,000 teachers to teach Mathematics and Science in Senior High Schools. GES announced that it has been granted the financial clearance by the Ministry of Finance to recruit 2,400 teachers who will teach Mathematics and Science in senior high schools. In ...
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Ghana to issue chip-embedded passports from next year
Ghana will from next year move from issuing biometric passports to chip-embedded ones to its citizens globally, Foreign Affairs and Regional Integration Minister, Hanna Tetteh, has announced. This is to enable the country meet international standards, as well as make it possible for Ghanaians in the diaspora to acquire passport from ...
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Blame Money Market for low acquisition of GSE shares-experts
Some financial analysts and brokers at the Ghana Stock Exchange (GSE) have blamed the low acquisition of shares of performing listed companies on competition from the Money Market. According to them, investors are risk averse; hence, will choose markets that are certain with returns on investments such as bonds, which ...
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Japan to provide ¥11.2 billion in loans to Ghana for infrastructure
Prime Minister Shinzo Abe said Wednesday that Japan will provide Ghana with ¥11.2 billion ($102 million) in loans to build infrastructure, including a new bridge, as part of a move to enhance economic ties with the resource-rich country. “The new bridge will improve the logistical environment not only for Ghana ...
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Advans Ghana launches ‘My Project Account’
Advans Ghana has outdoored a new product, ‘My Project Account’, as part of moves aimed at encouraging savings among Ghanaians. The product adds to the list of valuable products and services launched by the company in recent times to its clients. A press release copied to Citi Business News indicated ...
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Huawei P9 with dual Leica camera hits Ghanaian market
Global technology brand, Huawei Technologies Ghana on Saturday launched its latest flagship, the Huawei P9 during a sales launch held at Accra mall. Following its launch in Europe, the Huawei P9 is the first smartphone co-engineered with the global iconic brand, Leica Camera AG, resulting in a stunning dual-lens camera ...
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Govt didn’t err in $250m transfer to UBA – BoG Governor
Governor of the Bank of Ghana, Dr. Abdul Nashir Issahaku, has dismissed allegations that the Ministry of Finance contravened section (53) of the BoG Act 612 when it transferred 250 million dollars of the 1 billion dollar Eurobond proceeds to a private account. According to the Governor, government took the ...
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Businesses confident in economy – AGI report
A 2016 first quarter Business Barometer report released by the Association of Ghana Industries (AGI), has shown that business confidence among business operators shot up in the first quarter of this year. According to the report, business confidence among corporate leaders in the country in the first quarter of 2016 ...
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Ghana loses $3 billion annually in corruption – IMANI
President of policy think IMANI Ghana, Franklin Cudjoe has observed that the nation loses over $3 billion of taxpayer’s money in corrupt activities every year. Mr. Cudjoe who based his comment on analysis of the Auditor General’s report said, corruption in state institutions is taking a toll on the economy ...
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Total introduces new device to check fuel adulteration
Total Ghana has introduced a new device to check fuel adulteration. According to the Oil Marketing Company, which is the fifth largest publicly-traded integrated international Oil and Gas Company in the world with presence in over 100 countries, the device will ensue quality petroleum products are sold to its customers ...
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Delegate microfinance supervisory role – Parliament to BoG
The Finance Committee of Parliament is advocating the delegation of some oversight responsibilities of microfinance institutions to other Apex bodies other than the Bank of Ghana. According to the Committee, this will strengthen the control of the over five hundred microfinance companies currently in operation in the country. The Committee’s ...
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$250m deposit at UBA reckless – Bawumia replies Terkper
Dr. Mahamudu Bawumia, former Deputy Governor of the Bank of Ghana and running mate to the opposition New Patriotic Party’s Flagbearer, Nana Akufo-Addo, has described as reckless Government’s decision to borrow $250 million and pay interest on it by keeping it at a private bank (UBA). According to Dr. Bawumia, ...
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‘Gross written premiums to decline in 2016’ – Hollard Ghana CEO
Ghana’s insurance industry is likely to suffer a setback in gross written premiums in 2016. This is according to the Chief Executive Officer (CEO) of Hollard Insurance Ghana, Lynda Odro. “The insurance industry over the years has grown. Gross written premiums have increased as our economy did well and as ...
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Bawumia demands Terkper’s resignation for ‘breaking’ BoG regulation
Former Deputy Governor of the Bank of Ghana, Dr. Mahamudu Bawumia has charged the Minister of Finance, Seth Terkper to resign from his position for breaching regulations of the Bank of Ghana. Dr. Mahamudu Bawumia while addressing students of the Accra Polytechnic last week accused government of diverting about $250 ...
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Accra-Ridge Rotary Club supports Akyem Old Tafo AME Zion library
The Rotary Club of Accra-Ridge in partnership with the Rotary Club of San Jose Jacksonville, FL USA, has refurbished and stocked a library for the AME Zion Junior High School, Akyem Old Tafo in the Eastern Region. According to the Secretary and Acting Director, Service Project, of the Club, Rotarian ...
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Cote d’lvoire’s economy now better than ours – Nana Addo
The Flagbearer of the opposition New Patriotic Party (NPP), Nana Akufo-Addo, has said Ghana’s economy under President John Dramani Mahama has worsened to the point that Cote d’Ivoire, which only recently came out of a civil war, is now doing much better with cocoa and a few other resources. According to ...
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Guinness Ghana records GH¢8m loss in 2016
Beverage manufacturer, Guinness Ghana Limited has reported a net loss of eight million cedis between July 2015 and March 2016. According to the company, the high utility prices, rising inflation and high interest rates contributed to its losses for the nine month period. Industries have been complaining about the high ...
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Ghana Airports Company obtains land title to fight encroachers
Fiifi Kwetey, the Minister of Transport, has confirmed to Citi Business News, efforts by the Lands Commission to soon hand over title deeds of the airport lands to the Ghana Airports Company Limited (GACL). According to him, the move if successful will halt the excessive encroachment of the Kotoka International ...
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BoG abandons gold & cocoa revenue collection policy
The Bank of Ghana has told Citi Business News, that portions of export proceeds from cocoa and gold will now be pumped directly into the financial and capital markets from the second half of 2016. The move is to allow banks gain accessibility to the markets to trade freely as ...
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Non-bailable offense law was oppressive – Lawyer
The private legal practitioner who initiated the legal action that led to the Supreme Court’s decision to strike out Ghana’s law on non-bailable offences, has described that law as oppressive. Before the decisison, suspects facing charges such as treason, subversion, murder, robbery, hijacking, piracy, rape and defilement or escape from ...