BUSINESS

About $30 million of the funding required for the construction of the newly built Terminal Three of the Kotoka International Airport (KIA) was sourced from oil revenues. The figure, which represents 12 per cent of the total funding of the $250 million project, was from the Annual Budget Funding Account’s (ABFA’s) allocation to the Ghana Infrastructure Investment Fund’s (GIIF’s) in ...

Former Finance Minister has urged Vice President Dr. Mahamudu Bawumia to desist from choosing and picking his economic figures on the country. According to him, Dr. Bawumia, despite knowing that the context and scenarios of the economic comparisons he draws between the NDC government and the current one are not the same, he continues to do them for political expedience. ...

Hundreds of aggrieved customers of troubled gold trading firm, Menzgold Ghana Limited, on Tuesday thronged the streets of Tarkwa in the Western region to demonstrate over their locked up funds. The customers for months have been demanding payment of their principal investments after the gold dealership company was instructed by the Securities and Exchange Commission (SEC) to halt operations. Several ...

The Economic and Organised Crime Office (EOCO) is on the heels of Maurice Ampaw, who still in possession of a Toyota Land Cruiser Prado belonging to embattled gold dealership firm, Menzgold Ghana Limited. Maurice Ampaw, according to the anti-graft body, is among six people, who are yet to surrender vehicles belonging to the beleaguered company, whose Chief Executive Officer (CEO), ...

Director General of Securities & Exchange Commission (SEC), Rev. Dr. Daniel Ogbarmey-Tetteh, has revealed that he is also a victim of a failed investment. Failing to mention the name of the investment firm, the former vice president of Databank told Francis Abban on the Morning Starr Monday that he lost his money shortly after investing in the policy. “I wouldn’t ...

At least 15 staff of the Bank of Ghana are before a Disciplinary Committee over misconduct leading to the collapse of over seven banks in Ghana. The newly formed Ethics and Investigative Office of the Central Bank referred the 15 officials to the committee after investigating their alleged role in licensing and supervising the defunct banks. The Office was set ...

The Securities and Exchange Commission (SEC) has strongly rejected claims it is responsible for the collapse of gold trading firm Menzgold Ghana Limited. SEC ordered Menzgold in September last year to suspend their operation with the public. According to the Commission, Menzgold did not have the license to trade in gold collectibles and that doing so was in contravention of ...

Ghana is now close to having the right to join the common currency for West Africa that the sub region’s various member states have been working towards for several decades. Having met all but one of the many economic and financial criteria for becoming part of the single currency zone all that is left is for the country to meet ...

GN Savings and Loans, previously GN Bank, says it is finalizing talks with another bank to possibly help it meet its financial obligations. The move is part of some emergency measures to help deal with current liquidity challenges facing the Savings and Loans Company. Details of the deal JoyBusiness is learning that GN has received applications from eight commercial banks ...

Only two per cent of senior high school (SHS) students in the country are willing to venture into self-built enterprises after school, the Minister of Business Development, Dr Ibrahim Mohammed Awal, has disclosed. He said while 120,000 students who graduated from the various universities in the country annually were interested in public sector jobs, the government could employ only 10,000 ...