BUSINESS

Menzgold has accused the Bank of Ghana of deliberately aiming to destroy their business. According to lawyer for the firm Kwame Akuffo, the Central bank has directed local banks not to do business with the gold trading company. “I know for a fact that the Central Bank is telling banks not to do business with us, that wouldn’t be proper ...

Legal counsel for gold trading firm, Menzgold, has stated that the company’s operations are not regulated by any law. Kwame Akuffo in an interview on Joy FM’s Midday News, however, said the company cannot be blamed for the lack of a legislation to legalise their activities. “Our business is not regulated by law. It is not regulated by the Securities ...

The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global pressures and the exit of investors from emerging markets cause the cedi to depreciate. According to a source at the BoG, the central bank had sold $157 million to banks this month, while in August this ...

The Ministry of Trade and Industry, in collaboration with B5Plus Limited, a foreign steel manufacturing and distribution company, has cut sod for the construction of a steel company in the Ningo Prampram District. The project is part of the Government’s efforts to establish one factory per district to reduce the unemployment rate in the country. The project is fully funded ...

Management of Menzgold has announced Thursday morning that it has temporarily halted its collectables and any new business related to its gold vault market with immediate effect. According to the company, the halt of what is also called extra value payments takes effect from today Thursday, September 13 and will be in place for six days, “by which time we ...

The Management of uniCredit has called on its customers to remain calm and ignore rumours that the firm is facing challenges following the consolidation of its sister company – uniBank- with others into the Consolidated Bank of Ghana (CBG). The BoG merged uniBank, Sovereign bank, Beige bank, Royal bank and Construction bank under the new name CBG. The merger, according ...

Minister for communication, Ursula Owusu-Ekuful, has called on the International Telecommunications Union (ITU) and investors to assist Ghana and other nations to showcase innovations taking place in their countries. ITU, she said can assist by creating a more congenial environment and platform so that Ghana and other nations can exhibit their innovations. The Ablekuma West MP noted such support will ...

Gideon Boako, Spokesperson for the Vice President, has said the New Patriotic Party (NPP) government should be commended for improving on the rate of the cedi’s depreciation, although Ghc5.00 is almost equal to one dollar. The economist, who was speaking on Citi TV’s Point of View, said the rate of the cedi’s depreciation is much better as a result of ...

Africa’s first ever appointed professor extraordinaire for supply and value chain management, Prof. Douglas Boateng, is set to launch the world’s most-sought-after Supply Chain Management (SCM) compendium on Tuesday, September 11, 2018, at Labadi Beach Hotel. The Second Edition of the book titled “Executive Insight Series: Compendium of Supply Chain Management Terms” contains thousands of definitions to help the public ...

Officials of Consolidated Bank Ghana (CBG), KPMG and PricewaterhouseCoopers are scheduled to appear before Parliament’s Finance Committee on Thursday as a probe into the collapse of seven banks enters day two. Issues relating to job losses, the legality of the establishment of the Consolidated Bank and how government investments in the bank can be recouped are expected to dominate discussions ...