BUSINESS

The Mobile Money Interoperability (MMI) platform recorded a whopping 317% growth in the volume of transaction and 267% growth value of transactions between 2018 and 2019. This was contained in the 2019 summary report from Ghana Inter-Bank Payments and Settlements System (GhIPSS), custodians of the MMI platform. According to the report, the value of the transactions for 2019 was GHS781.6 ...

PThe Managing Director of Ghana Cement (Ghacem), Stefano Gallini, has called on the government to provide a level playing field for all manufacturers of cement in the country. Mr Gallini noted that giving all industry players a fair opportunity “is a sure way to go, and Ghacem, a member of the second best cement company in the world, is more ...

Defence lawyers in the case of the Republic versus Micheal Nyinaku, are demanding a pre-trial disclosure of all documents and evidence the State intends to rely on to establish her case against the accused person. Addressing the Circuit Judge, Emmanuel Essandoh, Wednesday morning, lawyer Baffour Gyawu Bonsu Ashia, indicated that his request for pre-trial disclosure is in line with practice ...

Former Legislator for La-Dade Kotopon Constituency, Nii Amasah Namoale, has described as ”useless and needless”, an FX Development Committee, set up by the government to investigate the fall of the local currency. Namoale said the institution of the Committee is a waste of time since they are not likely to proffer any better solution to the cedi’s depreciation against the ...

An investment guide for technology entrepreneurs in Ghana has been launched to support and enhance their operations to become successful businesses. The “Scale Up! Entrepreneur’s Guide to Investment in Ghana” is designed to provide early to mid-stage entrepreneurs operating in the tech sector with the requisite information required to navigate the Ghanaian entrepreneurial ecosystem and investment landscape. This guide provides ...

Ghana’s export and industrialization drive is likely to experience major setbacks in the wake of the government decision to borrow US$100 million credit facility from offshore investors to support the operations of Ghana Exim bank, (GEXIM). According to the Economic Watch Africa, the government would mortgage the country’s industrialization, especially the One District, One factory if it fails to suspend ...

Minority Leader, Haruna Iddrisu has said that the National Democratic Congress will control cedi depreciation through expanded exports aside using fiscal and monetary policy when John Dramani Mahama returns to power after the December 7 elections unlike the current government. He said Dr. Bawumia’s promise to arrest the cedi was just an imagination as he thought he could control the ...

The embattled Chief Executive Officer of defunct Beige Bank Mike Nyinaku has been admitted at the Police Hospital in Accra after he fell ill Thursday, police prosecutors have told the court. Mr. Nyinaku is being prosecuted by the state over his role in the collapse of the bank. He was denied bail after he was arraigned on Monday. Beige Bank ...

The founder of the UniBank, Dr. Kwabena Duffour, is seeking an interlocutory injunction from the court to restrain the Ghana Police Service over what he describes as “unlawful threats and harassment” following an invitation from the Crime Investigation Department (CID) last week. According to the embattled businessman cum politician, he was summoned with a letter from the Special Investigation team ...

The Circuit Court hearing the case against the CEO of the defunct Beige Bank Mike Nyinaku has granted him bail. The bail condition was set at GHC352 million with two sureties who are public servants earning not less than Ghc 2,000.00. The accused person is to submit his passport to the registrar of the Court and will be required to ...