BUSINESS

The Governor of the Central Bank Dr. Ernest Addison has dismissed claims that other banks in the country are suffering liquidity problems and may soon collapse. Deputy finance minister Kwaku Kwarten has claimed that some more banks are suffering financial challenges and may go down if drastic measures are not taken by their management. It comes on the back of ...

Some customers of UT and Capital Banks in Koforidua and other parts of the Eastern region have besieged the premises of the banks threatening to withdraw all their deposits due to the takeover by GCB Bank. This comes after the Bank of Ghana approved the takeover of Capital Bank and UT Bank by the GCB Bank Ltd. A statement by ...

The Bank of Ghana (BoG) has provided more information over its decision to withdraw the licenses of UT and Capital Banks. The GCB Bank has taken over both banks, according to the Central Bank. Below is a fact sheet surrounding the development: Q. Why has the Bank of Ghana decided to revoke the licenses of UT Bank and Capital Bank? ...

The Bank of Ghana has approved the takeover of Capital Bank and UT Bank by the GCB Bank Ltd. A statement by the Central Bank stated that it has “approved the Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd.” The statement ...

Government is being urged to establish an independent body to promote transparency and accountability in the minerals mining sector. Government revenues from mining have declined and being surpassed by income from oil and gas despite over 100 years of mining. The sector scored 37 out of 100 points while oil and gas scored 65 out of 100 points in revenue ...

Head of Ghana Operations at Inlaks Limited, an information technology firm, Dzifa Abodakpi, has been adjudged as the Most Outstanding Female IT Country Executive at the 3rd Feminine Achievements Awards, which came off in Accra. A citation presented to her read: “Having overseen the sales and strategy functions at Global Solutions Ghana, now Inlaks Limited, your skills in negotiation, presentations ...

Airtel Ghana continues to demonstrate leadership and innovation in the use of Social Media to engage with customers and relevant stakeholders. At the Ghana ICT and Telecom Awards (GITTA) held recently, the Smartphone Network was presented with the “Most Innovative use of Social Media” Award, for the second consecutive year, in recognition of the company’s dexterity at using Social Media ...

Telecom operator, Tigo has successfully completed point-to-multipoint base stations in four major business districts across Ghana. Businesses and residents within the Accra, Kumasi, Takoradi and Sunyani central business districts now have access to affordable, reliable and wireless dedicated connectivity with speeds of up to 250Mbps. According to the Chief Technology and Information Officer for Tigo, Amir Abdelazim, the service is ...

The acting Chief Executive Officer of the Food and Drugs Authority Delese Mimi Darko has stated that her outfit is no longer at loggerheads with the Ghana Standards Authority. The Ghana Standards Authority (GSA) and the Food and Drugs Authority (FDA) have in the past clashed over which regulatory body has the mandate to regulate food and drugs in the ...

Cryptocurrency – or simply put, digital currency that uses cryptography as security – and blockchain, the technology it runs on, provide opportunities to reach sub-Saharan Africa’s largely unbanked population. A number that stood at 326 million adults in 2011 according to the World Bank. Currently there are many different cryptocurrencies, with Bitcoin being the most well-known. During the first half ...