BUSINESS

Ghanaian startup, Dext Technology Limited, is to supply 500 schools in the United Kingdom educational resource packs including its widely acclaimed Science Set that will be used to help build students creative capacity and introduce problem-solving as well as innovation. According to a release by the company, the project is a collaboration between the Ghanaian start-up and the Royal Academy ...

The founder of the now-defunct UT Bank, Prince Kofi Amoabeng has described as unfair and unfortunate, the revocation of the licence of Ghanaian-owned Heritage Bank Ghana Limited. Asked directly by TV3’s Paa Kwesi Asare in an interview on Business Focus: ‘Do you think, as many think, that some of the decision to close down certain banks was politically motivated?’, Mr ...

MASO, a programme under the Youth Forward initiative led by Mastercard Foundation, is currently transforming the lives of over 11,000 out-of-school young people across Ghana in the agriculture sector. MASO is a five-year programme focused on creating employment opportunities for young people between the ages of 15 and 25, mostly in cocoa-farming communities in Ghana, implemented by Solidaridad, Aflatoun, Ashesi ...

ll government institutions have been directed to procure all their toilet paper from local manufacturers in the next procurement cycle. The Vice President of the Republic, Dr Mahamudu Bawumia, gave the directive when he toured the Brompton Portfolio’s toilet paper manufacturing factory located at the Nsawam Prisons in the Eastern Region on Thursday, 26th September 2019. This directive comes a ...

Founder of defunct Capital Bank William Ato Essien has claimed Finance Minister Ken Ofori Atta and board chairman of the Enterprise Group Keli Gadzekpo proposed to buy his bank in 2016. According to him, the narrative surrounding the status of the bank after it was put into administration has changed significantly and it was time for him to speak out. ...

The Dubai Supreme Court has thrown out the case between Horizon Royal Diamonds and Menzgold CEO Nana Appiah Mensah aka NAM1. The embattled CEO was arrested and detained in Dubai for an alleged gold fraud case. He won the case against Horizon Diamonds and the court subsequently ordered the firm to pay him $39 million. There had been lots of ...

The Vacation Court in Accra has dismissed an application by lawyers of the Bank of Ghana (BoG) seeking the court to strike out UniCredit’s case challenging the BoGs letter revoking its operational license. UniCredit after the Central Bank revoked its license, filed an application for judicial review in the nature of Certiorari. They were asking the court to quash the ...

An Accra High Court will today rule on whether it has the jurisdiction on the case brought before it by owners of defunct finance firm uniCredit. Owners of uniCredit have argued that over GHC54 million of the company’s funds were locked up in erstwhile unibank prior to revocation of its license by the regulator. Unicredit was among some 15 Savings ...

The Bank of Ghana has stated that GhC4.6 million of depositors’ funds have been saved at the end of the Financial Sector cleanup as rightly stated by Vice president Dr. Mahamudu Bawumia. These include deposits of banks, savings and loans companies, Microfinance and Microcredit and a remittance company. The cleanup saw the revocation of the licenses of nine universal banks, ...

The long awaited first ever International Coconut Festival has commenced. The festival is marked with a set of activities which began on September 21, 2019, with a health work which saw the official launch of the World International Coconut Day. The ceremony was performed by the Eastern Regional Minister at Aburi. Starting from today, September 24, to September 26, 2019, ...