BUSINESS

Gov’t not ending IMF programme due to borrowing restrictions – Ofori Atta

Finance minister Ken Ofori-Atta has refuted claims that the government is rushing to end the International Monetary Fund (IMF) bailout programme due to borrowing restrictions. Government entered into the bailout programme to among other things, ensure fiscal discipline and cut down on government’s borrowing space. Earlier this year, the government announced it will not continue with the IMF programme when ...

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May Day: Organised Labour holds forum on jobs

Organised Labour will on Wednesday, April 26, hold a forum on its theme for the 2017 May Day celebration; “Ghana @60: Mobilizing for Ghana’s Future through the creation of Decent Jobs”. The forum to be held at the Mensvic Grand Hotel, East Legon, Accra, will precede national and regional parades to celebrate workers in Ghana and millions around the world ...

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Ghana records 3.2m metric tonnes of imports from Africa

Imports from the Africa region to Ghana in 2016 amounted to 3.2 million metric tonnes. This represented an increase of 1.1 million metric tonnes or 57% increase over the 2015 figure. The Ghana Shippers Authority’s shipping quarter and outlook cites major items imported from the Africa regions as liquid bulk cargoes mainly crude oil, LPG and petroleum products. Liquid bulk ...

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UMB rolls out instant Visa cards

UMB, always at the forefront of enhancing customer experience, has launched instant visa cards to provide customers with UMB visa cards in a matter of minutes. Coming on the heels of an impressive financial performance in the 2016 financial year, the bank is clearly not resting on its laurels and is focused on creating value for its customers. UMB currently ...

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MoneyGram rewards loyal customers in Ghana@60 promotion

Global Money transfer service provider, MoneyGram, has rewarded four lucky winners in their ongoing Ghana@60 promotion tailored to reward loyal customers and new entrants, has been held recently in Accra. The winners included Love Oduro, the first and grand winner of a brand-new Suzuki Alto Saloon car with a one-year comprehensive insurance, with Monica Tamatey, Genevieve Laryea and Charlotte Opare ...

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Yaw Amoakohene Baafi appointed Dep CEO of NLA

Yaw Amoakohene Baafi, a social scientist and communications specialist has been appointed by President Nana Akufo-Addo as Deputy CEO of the National Lotteries Authority (NLA).​ Until November 2015, Mr Baafi was the Director, Co-founder and second majority shareholder of a financial service operator Prestige Capital Limited. Mr Baafi brings to the NLA a vast experience of large size institutions having ...

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Economists laud government’s ‘no Eurobond plan’ for 2017

Some economists have lauded the government’s commitment not to issue any Eurobond this year. They explain that the development should give room to deal with the country’s ballooning debts. The Vice President, Dr. Mahamudu Bawumia has refuted assertions that the recent non-deal road show embarked on by a team of government officials is likely to culminate in the issuing of ...

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Emirates wins ‘Best Airline Worldwide’ award

Emirates’ focus on meeting and exceeding customer expectations both in the air and on the ground were recognised yesterday with four accolades at the ‎Business Traveller Middle East 2017 Awards. At a ceremony attended by key travel industry executives, Emirates was crowned “Best Airline Worldwide”. It was also named “Airline with the Best First Class”, “Airline with the Best First ...

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Let’s be circumspect in discussing $2bn bond – FirstBanc MD

The Managing Director of FirstBanC Financial Services, Mr Amenyo Setordzie, has asked for circumspection on the discussion around the US$2.25 billion bond issued earlier this month. That, he said, was needed to ensure that public commentary on the 15 and 10-year bonds did not return to hurt the economy and the country’s reputation. While dismissing concerns that the coupon rate ...

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