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Author Archives: Pius Amihere Blay

Alpha Capital: Customers, management in tussle over locked up cash


Customers of Alpha Capital Savings and loans, continue to demand for the payment of their investments from the company. According to them the delay in the release of their monies has affected their businesses as well as their lives. Alpha Capital Savings and Loans however claims it is in talks with investors in Israel to take over the company in ...

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Delayed gov’t disbursement threatens infrastructure growth – Report

Infrastructure and Capital Project Leader for Deloitte Africa, J P Labuschagne

 A latest report on Africa’s construction sector has cited delays in disbursements on the part of governments as a key threat to the expansion of infrastructure within the region. The survey, conducted by Deloitte therefore suggests that governments must tackle such delays as they control majority of projects. Meanwhile, Ghana has been tipped as having the second highest number of ...

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2017 GDP growth rate highest in 5 years

Bawumia and Ken

Fiscal consolidations embarked upon by government seem to have yielded some results as provisional figures recorded by the Ghana Statistical Service show that the country saw the highest GDP growth rate in the last five years. According to the figures, the GDP growth rate more than doubled in 2017 from 3.7 % in 2016 to 8.5 % in 2017 mainly ...

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FAO bemoans rapid destruction of forest in Ghana


The Food and Agriculture Organization (FAO) of the United Nations has bemoaned the rapid destruction of Ghana’s forest reserves. They argue that the situation  if not checked will not only lead to the extinction of some wild life species, but also result in huge revenue loss for the economy. Ghana’s forest reserves have in recent times been under threat from ...

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Air Namibia, APG Network partner for services in Ghana & Nigeria


Air Namibia has appointed APG Network as its agent for General Sales & Services in Ghana and Nigeria. APG Network will also operate a call center and customer care services on behalf of Air Namibia in the two countries. The partnership follows Air Namibia’s decision to launch the Windhoek-Lagos-Accra route, which will commence on June 29, 2018. This new route ...

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Fall armyworm not conquered yet – Agric ministry

fall armyworm

The Ministry of Food and Agriculture has ruled out an immediate eradication of the fall army worm invasion in the country. This follows the resurgence of the pests in some farms across the country this year, despite assurances that the destruction has been brought under control. The Director of the Plant Protection and Regulatory Services Directorate of the Ministry, Dr. Felicia ...

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Social media users in Uganda to pay tax soon


Uganda plans to slap a new tax on social media users from July to raise revenue, which human rights activists denounced as another attempt by President Yoweri Museveni to stifle freedom of expression and quash dissent to his 32-year-rule. The move is unlikely to go down well in a country where more than 40 percent of people use the internet. ...

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Government abandons Housing & Construction Bank plans

Samuel Atta Akyea - Works and Housing Minister

Government has ditched the idea of establishing a Housing Bank which was aimed at reducing the high cost of mortgage in the country. Works and Housing Minister, Samuel Atta Akyea who disclosed this to Citi Business News however says the new plan is to allow the existing banks access to relatively cheaper funds to offer mortgages at affordable rates. The ...

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MTN, 4 others to list on bourse by year end  

Managing Director of the Ghana Stock Exchange, Kofi Yamoah

The Ghana Stock Exchange has disclosed that at least four companies are expected to list on the bourse after MTN before the end of this year. For now, the companies are unknown but the Managing Director of the Ghana Stock Exchange, Kofi Yamoah says the four companies are likely to list on the bourse after MTN. “For the main market, ...

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MoneyGram donates books to support 1000 pupils  

moneygram osu

MoneyGram has distributed books, notebooks and school supplies to pupils at the Osu Home Primary & JHS School in Accra. According to the global provider of innovative money transfer services, the event is a part of its commitment to improve the lives of children worldwide by providing equal access to early education. The project is also part of MoneyGram Foundation’s ...

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