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Big shots at MTN bow out


At least three executive positions at MTN Ghana have been left vacant following the exit of two executives and the promotion of one. The positions that are vacant are that of the Chief Executive Officer, Corporate Services Executive as well as the Chief Marketing Officer. The positions were previously occupied by Mr. Ebenezer Asante, Madam Cynthia Lumor and Mr. Asha ...

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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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Local banks hit govt for giving contracts to foreign banks


As President Nana Akufo-Addo prepares to set up a committee to look into a petition presented by the Association of Indigenous Banks to extend the deadline of the minimum capital requirement, members of the Association are accusing present and past governments of deliberately stifling the growth of local banks. They argue that governments have consistently overlooked the efforts of local ...

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‘We are ready and opened for business’—Ofori-Atta tells Japanese investors


Ken Ofori-Atta on Friday told Japanese businesses that the current stable macro and political environment is an opportune time for them to launch into the West African region using Ghana as the hub. “We are now combining politically stable environment with fiscal consolidation and macro stability and we would like, therefore, to get our traditional friends to be part 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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Prospects for issuing Samurai bond good—Finance Minister

Ken Ofori Atta - Finance Minister

Finance Minister, Ken Ofori-Atta has stated that prospects for Ghana issuing a possible Samurai bond in the medium term looked good, judging from the interaction and reception, accorded the Delegation on the Non-deal investor road show to Tokyo. Speaking to selected international journalists in Tokyo at the end of the road show, he explained that the non deal road show ...

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ASN Financial Services customers to demonstrate over delays in receiving their funds

asn adabraka

Some customers of ASN Financial Services Limited whose monies remain locked up with the company, are threatening to embark on a demonstration at the end of this month. This follows their inability to retrieve their investments since the beginning of last year. ASN Financial Services Limited, in a letter to its customers last year, promised to payback all investments in ...

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Access Bank commits to GRI sustainability reporting standards

Officials of GRI with staff participants after the workshop

In what can be described as a phenomenal step in stimulating responsible business practices, Access Bank Ghana has again demonstrated its leadership by committing to issuing a sustainability report following the world-acclaimed Global Reporting Initiative (GRI) Sustainability Reporting Standards. When fully implemented, Access Bank will become one of the first banks in Ghana to adopt the GRI Standards for sustainability ...

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