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Author Archives: Vivian Kai-Mensah

Road show for energy bond starts tomorrow

bond

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

wmn

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

wpid-Access-Bank

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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Implications of Bank Holding Company under new banking model and Basel III rules [Article]

banks-in-ghana

  Executive Summary When we think of banks, we typically have in mind our local bank branch that stores deposits and issues personal or business loans.  Prima facie there is nothing wrong with this image. After all, there are still almost 35 unique commercial banks in Ghana that specialize in deposit-taking and loan-making. What we typically forget, however, is that most ...

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Ghana’s fish stock at risk – Research

fish

Ghana’s fish stock will continue to see a further decline in the coming months. The disturbing development was revealed by the University of Cape Coast’s Department of Fisheries and Aquatic Sciences, which says not much can be done to save the situation. According to the research conducted by the department, the decline is due to climate change. Climate change, which ...

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ITLOS case triggered high interest on Ghana’s Eurobonds

Eurobond

Ghana would have had a much lower yield on its 2015 and 2016 Eurobonds, if its case with Ivory Coast over the maritime boundary was not in existence. This was revealed by a former Finance Minister Mr Seth Terkper, who told host of Citi Breakfast Show Bernard Avle, that  the dispute between the two countries led to the high yields ...

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