BUSINESS

The value of the Gold Coast Government Infrastructure Portfolio if paid today, will be enough to pay back all the Gold Coast/BlackShield/GCFM Structured Finance customers’ principal amounts PLUS all GN Bank/Savings deposits. So let’s focus on the SOLUTION and who must act. We must all encourage the government agencies and the present administration to meet their obligations to contractors involved. ...

The Databank Group on July 14 and 15, 2020 organised the 2019 Annual General Meetings for its mutual funds via Zoom. The meetings, which were organised for the first time virtually, in adherence to Government’s ban on large public gatherings, proved to be a success with over 1,200 shareholders participating. Meetings were held for EdIFund and Epack on Tuesday and ...

Six people who allegedly hacked into a bank and attempted to transfer GH¢46, 129,473 to eight individuals in different banks have been arrested by the police. They are Hudu Abdul Mumuni, Emmanuel Adams, Moro Issah, Agbenu Fefous Chrissy, Sam Acquah, a former banker and owner of Adom Sika Savings and Loans Limited and James Taylor, a web developer. Two others, ...

He has proven to be at the forefront of restoring confidence back to the workplace during this difficult COVID- 19 Pandemic era through the workplace wellness program. Some companies in Ghana have hugely benefitted from this program with incredible remarks. Mr. Yussif with his 20 years of experience in facilities management, intensifies this campaign with the introduction of the Workplace ...

The Bank of Ghana (BOG) has granted one of the country’s leading FinTech companies, IT Consortium Limited (ITC), an enhanced Payment Service Provider (PSP) license. The acquisition of the license, which is the highest license within the PSP category, follows the passage of the Payment Systems and Services Act, 2019 (Act 987) which creates an enabling regulatory and supervisory framework ...

The prosecution yesterday called its first witness in the trial of the founder and Chief Executive Officer (CEO) of defunct Capital Bank, Ato Essien, and three others who were put before an Accra High Court over their alleged involvement in the misappropriation of funds leading to the collapse of the private bank. In his evidence, the witness, Vish Ashiagbor, a ...

Africa’s leading Beverage giant, Kasapreko Company Limited has out-doored Puma Drinks, an addition to its growing range of products. The product was launched in Accra in partnership with Metro Mass Transit (MMT). Speaking at the launch, Commercial Director of Kasapreko Company Limited, Mr. Gerald Bonsu, said that the decision to introduce Puma Drinks and as well collaborate with MMT was ...

Economist and Business Consultant, Dr. Ebenezer Ashley has indicated that the Ghana cedi has recorded its all-time best performance for the first half of 2020 than the first six months of any year since 2012 against the U.S dollar. Dr. Ashley made these observations in an interview with our reporter on the current developments in the exchange rate market amid ...

Alhaji Salamu Amadu,Group Chairman of the Afro-Arab Group together with Renowned Fashion Designer Rafarazzi Paid a call to the outgoing Italian Ambassador to Ghana Mr. Giovanni Favilli to bid him a farewell for his selfless and leadership skills during his tenure as the ambassador to Ghana. His Excellency Giovanni Favilli has ended his Ambassadorial career in Ghana and will be ...

Political marketing expert and Senior lecturer at the University of Ghana Business School, Dr. Kobby Mensah has said that the clean-up exercise in the banking sector undertaken by the Bank of Ghana was done without much reflection on the possible harsh effects on the employment situation in the country. He said in an interview in Accra that the government appeared ...