BUSINESS

We won’t allow Menzgold to go scot-free – Customers

The Coalition of aggrieved customers of embattled gold dealership company, Menzgold say they will not relent in their efforts to retrieve their monies from the company. According to the customers, although no significant progress has been made in their quest to retrieve their locked up cash, they are resolute in their pursuit. Speaking to Citi News, the President of the ...

Read More »

Cedi depreciation: Too late for political jabs – Information Minister tells Minority

The Information Minister, Kojo Oppong-Nkrumah has described as too late, a news conference by the Minority to address the state of the economy and the challenges facing the Cedi. While addressing journalists soon after the Minority did similar at the Parliament House on Wednesday, the Minister said they are known for not having any better alternatives and it was no ...

Read More »

Bawumia to address questions on Ghana’s economy on April 3

The Vice President and Head of Ghana’s Economic Management team, Dr. Mahamudu Bawumia, will address questions relating to the state of Ghana’s economy at a Town Hall Meeting slated for April 3 at the College of Physicians and Health Sciences in Accra. The Town Hall Meeting aimed at briefing citizens about developments in Ghana forms part of a new initiative ...

Read More »

Cedi fall added GH¢15.3b to Ghana’s external debt – Minority

The recent depreciation of the Cedi against major international currencies, especially the dollar, has added GH¢15.3billion to the country’s external debt stock, the Minority has said. The development, according to the Minority, means that Ghana’s external debt stock as at November 2018 will be translated at the current exchange rate into GH¢101.3 billion. This was revealed Wednesday at a forum ...

Read More »

Cocobod grabs three-year $300m trade finance facility

Ghana Cocoa Board (Cocobod) has sealed a new three-year receivables-backed trade finance facility of US$300 million. The facility will be used to refinance Cocoa Bills raised by Bank of Ghana on behalf of Cocobod and to finance production enhancement programmes. Speaking about the new facility, the CEO of Ghana Cocoa Board Joseph Boahen Aidoo, said: “Ghana Cocoa Board is pleased ...

Read More »

Gov’t expresses confidence in insurance recapitalisation process

Deputy Minister of Finance has reiterated government’s support for the National Insurance Commission (NIC) in its quest to recapitalize the insurance industry through increasing of the minimum capital requirements. Kweku Kwarteng said the sector plays a key role in the financial services sector hence the need for a strong foundation to deliver on its mandate. He was speaking at the ...

Read More »

MTN Ghana launches 4G+ service

MTN, Ghana’s leading telecommunications service provider, has launched its 4G+ service to provide faster data speeds with widest coverage for its customers. The 4G+ service runs on 4G LTE Advanced technology using the combination of the 800MHz and 2600MHz for carrier aggregation which is an enhancement on the 4G LTE experience. This provides more capacity and enhanced data speed of ...

Read More »

Move to secure depositors funds at DataBank – Adongo to SEC

Member of Parliament (MP) for Bolgatanga Central, Isaac Adongo, has called on the Securities and Exchange Commission (SEC) as a matter of urgency to act professionally to secure depositors funds at Databank and seize the opportunity to do a thorough regulatory compliance review and assurance of the financial institution. According to him, the Chief Executive Officer, Kojo Addae-Mensah has been ...

Read More »

Do you consume more data on 4G?

It is a question that always comes up in any country that has implemented and deployed the 4G technology. Now, in the wake of Vodafone’s impending 4G launch on March 19th, 2019, this crucial question has been popping up on the telecom company’s social media platforms. A curious me set out to research into this and find out for myself ...

Read More »