BUSINESS

The 2015 Auditor General’s report has revealed that several Internet Service Providers (ISPs) operating in the country failed to renew their license and continued to operate in contravention of the laws. The report presented to Parliament’s Public Accounts Committee indicted 14 ISPs including popular internet provider, Teledata ICT Limited. African Communication Ghana Limited, Giant International, Easy Net Company Limited, Engineering ...

Tullow Ghana has reiterated it intends to develop additional oil wells progressively and maintain production at the optimum. Speaking at a media briefing in Takoradi, the managing director of Tullow, Charles Darku, revealed that Tullow intends to develop more wells after the International tribunal for the law of sea ruling in the maritime boundary dispute between Ghana and Ivory Coast ...

Telecommunication giant, MTN, has rewarded its subscribers with cars, monies, smart phones and trips paid for to Dubai through the ‘SPIN the WHEEL promo’. The promotion, which started 1st July 2017 and ends June 2018. Speaking at the awards ceremony, General Manager in charge of Consumer Marketing at MTN, Noel Kojo-Ganson said the “SPIN the WHEEL” promo is one of ...

Heads appear to be rolling following the collapse of two financial institutions – UT Bank and Capital bank – on Monday as a result of their insolvency. Information reaching DAILY GUIDE indicates that Stephen Antwi-Asimeng, Chief Executive Officer (CEO) of the defunct UT Bank and Gillian Slater, Chief Operating Officer (COO), have been asked to go home with immediate effect. ...

The Institute of Energy Security has hinted of fuel prices going up by 5%. According to IES Principal Research Analyst, Richmond Rockson, the increase is as a result of “upward adjustments of Brent crude oil price as well as prices of finished products on the international market, the depreciation of the Ghana Cedi and stock levels in-country”. He said the ...

A man has five senses. But when you sit in the Alfa Romeo Stelvio, you immediately gain two more. With its pedestrian object sensors, the car detects obstruction a moment quicker than a tired or distracted driver, long enough to prevent a lethal hit. Or take the speed limit function which immediately slows you down when the fun of accelerating ...

Switzerland-based gold company, Swiss Gold Global, says it is not affiliated to Ghanaian gold trader, Menzgold Ghana and has not authorised it or Menzbanc to use its name. Swiss Gold Global in an e-mail conversation with Joy News’ Manasseh Awuni Azure Tuesday, said it has no association whatsoever with Menzgold, contrary to claims by the latter. The revelation contradicts the ...

The writing was on the wall for the collapsed Capital Bank as far back as at least 2014, according to memo sighted and published by the Insight Newspaper in January 2015, which went under the radar at the time. The Insight Newspaper obtained information indicating that the Capital Bank, then First Capital Plus Bank, was on the verge of collapse ...

At least 200 banker to banker illegal lotto operators in the Greater Accra region have formalized their operations with the National Lottery Authority (NLA). The move is part of efforts to sanitize the lottery business in Ghana. The NLA has given all illegal lotto operators up to December to formalize their business or risk closure. It has vowed to clampdown ...

The staff of the erstwhile UT and Capital Banks will undergo skills assessment requirements in order to be employed at GCB bank. At a press conference on Tuesday (August 15, 2017) the Chief Executive Officer (CEO) of GCB, Raymond Sowah said they will retain some staff based on the job skills the employees have. “We shall conduct a skills assessment ...