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Author Archives: Vivian Kai-Mensah

Gov’t to raise GH¢11bn in first quarter of 2018

Ken Ofori-Atta - Finance Minister

Government is seeking to raise GHȼ11,133.91 million in the first quarter of 2018 through debt securities. Of the amount GH¢8,961.30 million will be used to rollover maturities. The remaining GH¢2,164.61 million will be used to meet Government’s financing requirements for the period. A statement issued by the Debt Management Office of the Ministry of Finance stated that about 5 billion ...

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ExxonMobil to commence operations in Ghana


American multinational oil and gas company ExxonMobil Corporation is to begin full operations in Ghana this year – 2018. It follows successful negotiations with Ghana to carry out exploratory works at the deep water cape three points. Citi Business News has gathered Government will next week Thursday 18th January, 2018, sign an agreement with the oil giant to finalize the ...

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Bayport appoints new Managing Director

Nii Amankra Kwashie Tetteh on the left

The Board of Directors of Bayport Savings and Loans Ltd (Bayport) have announced the appointment of Nii Amankra Kwashie Tetteh as Managing Director of the Company. His appointment was approved by Bank of Ghana on the December 11, 2017. Nii Amankra Kwashie Tetteh also joins the Company’s board of Directors. “I am confident Nii will lead us to more successes ...

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Road show for energy bond starts tomorrow


Government will tomorrow Thursday, October 19th, 2017 begin a road show for the energy sector bond, which will be used to clear the energy sector debt.. The show will commence in London on Thursday and there will be another in Accra on the 23rd of October, 2017. The 2.5 billion dollar bond which will be auctioned in tranches will start ...

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Business women gear up for maiden executive Women Network Conference


Hundreds of women leaders, professionals and entrepreneurs have begun securing seats for the maiden Executive Women Network Annual Conference. The conference slated for October 20th, 2017 at the Movenpick Ambassador Hotel, Accra is under the theme: Rebranding Ghana to drive business growth – the perspective of women leaders. The theme is a call to action for leadership, across every facet ...

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Tigo’s Roshi Motman named CEO of merged Tigo & Airtel entity

CEO of Tigo Ghana, Roshi Motman

MD of Tigo Roshi Motman has been named as the new CEO of merged telecommunication entities Airtel and Tigo. The announcement follows the resignation of the MD of Airtel Lucy Quist early this week. Citi Business News earlier reported that Madam Roshi Motman would be named as the MD of the new entity to be created following the merger of ...

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Access bank secures additional investment for its operations


Access Bank Plc, the majority shareholder of Access Bank Ghana, which is ranked as one of the top 3 banks in Nigeria and amongst the top 20 banks in Africa by assets and capital, has announced its intention to inject additional capital into the Bank’s operations in Ghana before end of Q1 in 2018 after all regulatory requirements are fulfilled. ...

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Dannex CEO wins 40 under 40 award

MD of Dannex, Mr Yaw Opare-Asamoah

The Group CEO of Dannex, Ayrton and Starwin Mr Yaw Opare-Asamoah has been honored with the 40 under 40 award in manufacturing. The award was bestowed on him over the weekend in Accra at the 40 under 40 Awards ceremony. The Forty under 40 Award is to identify, honour and celebrate a cross-section of Ghana’s most influential and accomplished young ...

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British banks to freeze accounts of illegal Ghanaians

Britain's Prime Minister Theresa May leaves 10 Downing Street in London, March 29, 2017. REUTERS/Hannah Mckay

Ghanaians and other nationalities living in the UK illegally, will from January, 2018 see their bank accounts frozen following a new directive by the UK Government to weed out illegal immigrants. The move follows the UK Government’s decision to force banks and building societies to freeze the accounts of failed asylum seekers, foreign national offenders and visa over stayers. The measures are ...

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3.2 billion cedis accrued from energy sector levies

Energy Minster - Boakye Agyarko

Government accrued a little over 3.29 billion cedis in 2016 from energy sector levies, a report,  presented to Parliament by the Finance Minister Mr Ken Ofori Atta has revealed. The Annual report on the management of the energy sector levies and accounts for 2016, also revealed that  total amount of GH¢3,256.29 million was programmed to be collected as Energy Sector ...

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