BUSINESS

Menzgold to pay customers their full investments within 10 days?

Gold trading firm, Menzgold Ghana Limited will complete full payment to its investors by January 9, 2019, that’s if the company goes by its promise. This payment is part of the company’s effort to pay customers the full value of Gold traded with the company within a 90-day payment schedule announced in October 2018. According to a press statement released ...

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Understanding Bitcoin this festive season

Bitcoin concept was conceived barely a decade ago, and it remains as one of the most misunderstood yet widely known cryptocurrency. Reluctance to embrace this electronic financial transaction system locally is based on misinformation and controversies whose basis is ignorance about bitcoins. This comfort is not new because the world had to overcome a financial system, which tied gold to ...

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CAL Bank meets GHC400 million capital requirement

Shareholders of CAL Bank have approved a resolution for the bank to transfer GH¢50 million from income surplus to stated capital, helping the bank to meet the Bank of Ghana’s minimum capital requirement ahead of the 31st December deadline. The transfer would bring CAL Bank’s state capital to GH¢400 million as prescribed by the Bank of Ghana. In a press ...

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Brussels Airlines commits to Ghana operations

Brussels Airlines has announced its commitment to expand and improve its services in the country following high demand resulting from growth in the economy.Ghana Country Manager for Brussels Airlines, Rita Macedo said Brussels airlines had already increased its frequencies from four to six flights in June this year; and now decided to continue operating six weekly frequencies year-round to offer ...

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4G spectrum: Expect faster internet, improved service ‘for free’ – Vodafone Ghana CEO

Customers of Vodafone Ghana should expect to have faster internet speed and improved service quality with the acquisition of the 4G spectrum according to Vodafone Ghana CEO. Yolanda Cuba noted aside these benefits, customers should also anticipate the rollout of good products and services when the 4G comes into full force in 2019. The CEO of Vodafone Ghana, Yolanda Cuba ...

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MTN shares jump as it settles $8.1bn Nigeria case

MTN Group Limited shares jumped as much as 8.2 percent after the phone carrier settled allegations it illegally transferred $8.1 billion of funds out of Nigeria, ending a crisis that had threatened its operations in Africa’s most populous country. The Central Bank of Nigeria’s decision to clear MTN of wrongdoing in its repatriation of dividends over an eight-year period means ...

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Government to spend nearly GHC80 billion in 2019

Parliament has given government the approval to spend nearly GHC100m to subsidize electricity bills for customers. The amount is part of almost GHC80 billion approved for government by Parliament to spend in 2019. Members of Parliament sat for 13 hours and managed to pass the Appropriation Bill shortly after midnight. Almost GHC30 billion of the approved money will go into ...

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Your investments are safe – Gold Coast Holdings

Gold Coast Holdings has assured its customers and the general public that their investments are safe and secured. According to the company, it is making significant progress in transforming the Structured Finance product that thousands have benefited from to become an even more beneficial one. The assurance comes after some customers of the company formed a group, called the Concerned ...

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Failed banks’ directors to be ‘jailed’ – Akufo-Addo declares

President Akufo-Addo has given an assurance that there will soon be prosecution of all those found culpable in the collapse of some private banks that put the banking sector and the entire economy on the brink of collapse. “No one found complicit will be spared,” he said at the media encounter in Accra on Wednesday evening. Former managing directors of ...

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Ghana records 7.4% GDP growth rate in third quarter 2018

Ghana’s year-on-year Real Gross Domestic Product growth rate for the third quarter of 2018 fell to 7.4 per cent compared to 8.7 per cent recorded for the same period in 2017, the Ghana Statistical Service said on Wednesday. Acting Government Statistician, Baah Wadieh, told a press briefing that the industry sector recorded the highest growth of 11.7 per cent, the ...

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