BUSINESS

The National Coordinator of the One district One factory (ID-IF) Secretariat Gifty Ohene Konadu has visited the premises of Hocen Industrial Company at Asuboi in the Eastern region to commiserate with the management and staff over the recent robbery attack on the company. The visit is to also enable the coordinator gather first-hand information on the attack which led to ...

On March 7 this year, the Minister of Finance, Mr Ken Ofori-Atta, and the Governor of the Bank of Ghana (BoG), Dr Ernest Addison, officially communicated Ghana’s intention to exit from the extended credit facility (ECF) programme with the International Monetary Fund (IMF) in April 2019. The letter was addressed to the Managing Director of IMF, Ms Christine Lagarde. It ...

Bank of Ghana Governor Dr. Ernest Addison has expressed worry that the economy remains at the mercy of foreign investors and importers, whose actions trigger cyclical cedi depreciation. Speaking at the Graphic Business/Graphic Breakfast Meeting Monday, Dr. Ernest Ato Addison said, significant pressure is brought on the local currency whenever non-resident investors take out their monies to chase after more ...

The Director General of the Security and Exchange Commission (SEC) Reverend Daniel Ogbarmey Tetteh has said most of the licenced asset management firms have locked up funds because they were exposed to some of the microfinance and savings and loans firms that have run into financial difficulty through counterparty default. The situation of counterparty default risk is what has impaired ...

The Managing Director of the Graphic Communications Group Limited, Mr Ato Afful, has called for an honest discussion on how to find sustainable solutions to the perennial depreciation of the cedi. Opening the Graphic Business/Stanbic Bank Breakfast Meeting this morning, Mr Afful said an honest discussion was needed to ensure that the right solutions were adopted to tackle the challenges ...

The Bank of Ghana has released the schedule for the payment of accrued mobile money interest to customers. The 2019 quarterly accrued interest payment dates are as follows: First Quarter – Sunday, 21 April 2019 Second Quarter – Sunday 21 July 2019 Third Quarter – Sunday, 20 October 2019 Fourth Quarter – Sunday, 19 January 2020 The interest payment to ...

The Managing Director of Stanbic Bank Ghana Limited, Mr Alhassan Andani, has appealed to Ghanaians not to talk ill about the cedi, explaining that such comments erode confidence in the currency, leading to increased depreciation. In his opening remarks at the ongoing Graphic Business/Stanbic Bank Breakfast Meeting, Mr Andani said Ghanaians shoukd rather be interested in how they could collectively ...

Chief Executive of the National Petroleum Authority (NPA) Hassan Tampuli says the NPA is exploring various options especially in the area of technology, to curtail the operations of petroleum fraudsters in the country. The NPA in February this year confiscated petroleum products smuggled into the country estimated to be about GHC1 million. The regulator said a total number of 28BRV, ...

Mobile telecommunications giant, Vodafone Ghana, is offering its Fixed Broadband customers, four days of unlimited browsing during this Easter festive period. The special promotion dubbed Unlimited Internet, will provide Fixed Broadband (FBB) customers an opportunity to enjoy limitless browsing from Good Friday to Easter Monday, in addition to a free weekend browsing. It also offers FBB users an opportunity to ...

The Bank of Ghana has expressed its frustration over the slow pace of work by the two receivers appointed in the aftermath of seven banks collapsing over the last two years. Speaking in an interview on the sidelines of IMF/World Bank Spring Meetings in Washington, DC, Dr. Ernest Addison said the Bank’s high expectations in recovering as much assets from ...