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Author Archives: Pius Amihere Blay

Non-use of specified cement grade risky – GREDA

Sammy Amegayibor - Executive Secretary,GREDA

Players in the country’s construction industry have predicted the collapse of some high rise buildings if the specified grade of cement is not used in their construction. According to them, contractors put up buildings using cement that is either above or below the grade needed for the building. They argue that the situation has resulted in buildings that are not ...

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Improving road infrastructure: Prez commits to constructing concrete roads


  President Akufo Addo has reiterated government’s commitment to improve the standard of roads in the country. According to him plans are underway to construct roads in the country with the use of concrete. This he believes will bring an end to the fast deterioration of roads soon after they are constructed. “As we have indicated, our government is considering ...

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Manage UT & Capital Banks’ takeover to build investor confidence – Chamber of Commerce

Mark Badu Aboagye - CEO, Ghana National Chamber of Commerce and Industry (GNCCI)

Business Associations have impressed on the Bank of Ghana and relevant institutions to properly manage the takeover of Capital Bank and UT Bank in order not to erode investor confidence. They argue that the inability to control the transaction to protect the interest of affected businesses will ultimately affect economic growth. The concerns by the business associations have become apparent ...

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Moneygram rewards loyal banks


Moneygram has awarded prizes to their loyal banks that have excelled in transacting business through their medium as part of its Ghana @ 60 Promotion. In a short ceremony held in Accra, the company awarded banks that have impacted positively and lived the dream of money transactions through their banks. According to the Regional Marketing Manager, Anglophone West Africa at ...

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Develop researches with allocation – Minister to CSIR Board              


The Minister of Science, Technology and Innovation, Professor Kwabena Frimpong Boateng, has charged newly sworn in members of the Council for Scientific and Industrial Research (CSIR) to be circumspect in their line of duty and ensure massive economic growth even as government is set to increase research funding to 1 percent of GDP. The President earlier affirmed that the current ...

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UT, Capital Banks staff to undergo skills assessment


GCB Bank has emphasized that it will undertake a skills assessment to determine the necessary action regarding employment following the takeover of UT Bank and Capital bank. The Managing Director of GCB Bank, Ray Sowah explains that the move will provide the necessary steps as to which staff should be retained or laid off. He made the remarks when he ...

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South Africa’s business confidence climbs to 5-month high in July


South Africa’s business confidence climbed to its highest level in five months in July helped by a firmer currency, falling inflation and an increase in vehicle sales, a survey showed on Tuesday. The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index (BCI) accelerated to 95.3 in July from 94.9 in June. It was the highest level ...

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Samsung unveils one billion colour TV in Ghana

Samsung launches QLED TV in Ghana4

Samsung Electronics Company Limited has launched its new premium TV model series QLED TV 2017 as part of enhancing innovative ideas as well as championing innovation. The new QLED TV among other things delivers the best picture quality as a result of the new metal Quantum Dot material and enhances one’s living space with added lifestyle values. The QLED TV ...

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South Africa: Old Mutual to list not sell businesses in split


Anglo-South African financial services group Old Mutual (OML.L) aims to list two divisions rather than sell them as it pursues a plan to split into four parts by the end of next year. Old Mutual, which said last year it is breaking up because regulatory change made its disparate businesses too complex to run, posted a 37 percent rise in ...

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GCB takeover to strengthen banking operations – First Atlantic MD

Odun Odunfa - MD/CEO of First Atlantic Bank

Some bankers are upbeat about a turnaround in the operations of Ghana’s banking sector with the enforcement of laws governing the industry. According to them, the Bank of Ghana’s decision to enforce its laws in the revocation of the licenses of UT Bank and Capital Bank over their insolvency will transform operations in the sector. The Managing Director of First ...

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Ghana Business News