BUSINESS

The Alliance for Social Equity and Public Accountability (ASEPA) has claimed that the now defunct Heritage Bank was targeted and ultimately collapsed unfairly during the banking sector clean-up exercise. In a statement issued by the Executive Director of ASEPA, Mensah Thompson suggested that the defunct Heritage Bank was indeed profitable and financially sound to operate. “Before we delve into the ...

Ghanaian investors in the diaspora have been told that the economy of the oil-producing West African nation has seen massive improvement over the years. Therefore, they should return to Ghana their homeland to invest in the local economy. Speaking during a webinar organized for over 100 Ghanaians in the diaspora via Zoom on the topic ‘Ghana, An Ideal Destination for ...

Back in 2010, Texas-based Anadarko Corp. (now a subsidiary of Occidental Petroleum Corp.) and Italian energy giant ENI SpA announced the discovery of approximately 180 trillion cubic feet of natural gas reserves, equivalent to ~29 billion barrels of oil, in Mozambique’s supergiant offshore basin of Rovuma, immediately catapulting the south African nation to a potential global LNG superpower. As expected, ...

For some domestic and international air travel operators, the impact of the Coronavirus pandemic continues to affect air travel and tourism globally. For Ghana, President Nana Addo Dankwa Akufo-Addo in his 15th address to the nation revealed the possibility of easing the COVID-19 induced restrictions on international air travel in a bid to revive social and economic livelihood. Ghana’s domestic ...

Advans Ghana Savings and Loans has launched the distribution of PPE and Sanitary products to its clients. The five-days project aims at distributing nose masks, hand sanitizers, hand washing soap and Veronica buckets to clients as part of its measures in assisting clients fight the spread of Covid 19. Since the beginning of this crisis, Advans Ghana has considered as ...

President Nana Addo Dankwa Akufo-Addo will officially open the Ekumfi Juice Factory today, Friday, 21 July 2020, in the Central Region. The $8-million project, which officially commenced in March 2018, had over 400 workers, including out-growers as of late last year. It is estimated that the Ekumfi Juice Factory would create 5,000 direct out-grower jobs within the community and its ...

Have you ever wondered how an individual with no banking blood in his veins could transform a fledgling bank in ten years? Frank Brako Adu Jnr, a native of old Tafo seems to have an innate instinct for what works – and what does not – at a bank. Both his father, a Presbyterian disciplinarian and mother were not finance ...

The King of the Nigerian Igbo Community in Ghana, His Majesty Eze Dr Chukwudi Jude Ihenetu and His Royal Majesty Eze Chuba, King of Igbos in Darfo and their entourage have dashed to the office of the Eastern Regional Minister, Eric Kwakye Darfour to beg for his intervention to avert plans to lock down retail shops of Nigerians. The Ghana ...

Who says beautiful ladies are only interested in beauty pageants or white-collar jobs? Well, whoever still entertains such thoughts has not yet met Nana Ama – a young and beautiful lady who took the bold step to become a pig farmer. Yes, a pig farmer; and a good one indeed. Some still do not understand why she chose this occupation. ...

US banking giant Citigroup has asked a federal court to force hedge fund Brigade Capital to return $176m (£134m). The money is part of the $900m the bank accidentally transferred to creditors of the struggling cosmetics company Revlon. The bank says it meant to send Brigade just $1.5m to cover interest on a loan the hedge fund holds. Citigroup blames ...