BUSINESS

The World Bank has cautioned Ghana against excessive borrowing as the total debt stock of the country hits GHS214.9 billion. World Bank Country Director Frank Laporte urged Ghana to be careful with increasing the country’s debt stock with fresh borrowings. The warning comes after the country issues a successful 3 billion Dollars Eurobond which came at a coupon rate described ...

Consolidated Bank Ghana (CBG) has outdoored its customized African fabric as its corporate Monday wear for the staff of the bank. Designed with the bank’s iconic logo and dynamic colours, the CBG Monday wear is part of the bank’s efforts to lead in innovation and actualize the country’s Wear Ghana initiative. Speaking at the launch, Managing Director of CBG, Daniel Wilson ...

The Receiver of the 347 Micro-finance companies and 23 Savings and Loans and Finance houses, that faced insolvency last year, began successful auctions of vehicles recovered from some of the insolvent entities, in compliance to its core mandate. The auction which is ongoing at the premises of the College of Physicians and Surgeons hall in Accra, began on Monday 3rd ...

The controversial leader of The Peoples Project, TPP, Kwame A Plus has taken Absa Ghana to the cleaners. According to him, the bank is a scam and does not think of the betterment of the Ghanaian. His comments come on the back of the organization dissociating itself from a video of Lilwin joining the Ataa Adjoa challenge and displaying their ...

The Coalition of aggrieved customers of Gold Coast Fund Management (GCFM) has threatened to vote against the New Patriotic Party if their locked up investments are not paid. The coalition has given the government a three-week ultimatum to either engage them or face another demonstration. The Public Relations Officer for the aggrieved customers Charles Nyame addressing the press Monday morning ...

The National Lottery Authority (NLA) through its new Jackpot game known as Daywa has empowered Mr. Francis Pwalua, a 64 year old farmer from Navrongo in the Upper East Region of Ghana. Mr. Francis Pwalua received a cheque of GHC 126,000.00 as the ultimate winner for Daywa 5/39 Jackpot game. He won the GHC 126, 000.00 with only GHC 2. ...

Industrial and Commercial Workers Union (ICU) of the Coca-Cola bottling company of Ghana is demanding that the mother company, Equatorial Coca-Cola Bottling Company (ECCBC) terminates the appointment of the Business Unit Managing Director for West African Countries, Felix Gomis. According to the union, Mr Gomis has exhibited incompetence in handling the affairs of the company which has led to the closure of ...

Aker Energy has announced the appointment of Mrs. Kadijah Amoah as Country Director of Aker Energy Ghana Ltd, effective 1 February 2020. The appointment follows Aker Energy’s strategy to strengthen the company’s local presence and management in Ghana. “We are very pleased to strengthen our team and presence in Ghana with Kadijah as the Country Director of Aker Energy in ...

The National Lottery Authority (NLA) under Hon. Kofi Osei-Ameyaw has built an ultra-modern Regional Office Complex for the Staff, Lotto Marketing Companies and other stakeholders in Ho, Volta Region. Previously, the Authority was renting an office space for its day-to-day businesses, administration and operations in the Region. The new office complex serves as a relief for the Staff of the ...

The head of the finance department of the University of Cape Coast Professor John Gatsi says the collapse of indigenous bank unibank was planned and executed by people in power. According to him, facts and evidence in the public domain following the takeover of the bank have shown that it could have been saved if the government had paid its ...