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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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COTVET Act must be amended—Executive Director

All-focus

The Executive Director of the Council for Technical and Vocational Education and Training (COTVET) Dr. Fred Asamoah, has called for an immediate amendment of the current COTVET Act to keep up with global training standards. According to Dr. Asamoah, the COTVET ACT in its current state does not support the development of world class skilled personnel in Ghana. Speaking to ...

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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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Osafo Maafo, Alan Kyerematen support bank recapitalization extension date

Yaw Osafo-Maafo-620x330

Senior Minister, Yaw Osafo Maafo, and Minister for Trade and Industry, Alan John  Kyerematen have thrown their weight behind the Association of Indigenous Banks to seek an extension of the deadline date for the minimum capital requirement for banks. The Bank of Ghana has set 31st December 2018 for all banks to meet a 400 million cedis capital requirement. But ...

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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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Bawumia, Addison oppose bank recapitalization extension date

bawumia

It appears moves by the Association of Indigenous Banks to get President Akufo-Addo to extend the deadline date for the 400 million cedis capital requirement for banks may face serious hurdles as the move is opposed by Vice President Dr. Mahamudu Bawumia and Governor of the Bank of Ghana, Dr. Ernest Addison. The association, made up of local banks presented ...

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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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Make information accessible to reduce corruption–Chinedu Echeruo

Host of Citi Breakfast Show, Bernard Avle, with Chinedu Echeruo

Global Tech Entrepreneur and Founder of HopStop, Chinedu Echeruo has stated that African governments can be more efficient and reduce corruption if accessing information is made easier. According to him, the practice where only a few privileged people have access to information, while the majority do not, creates a system that fuels corrupt acts. Speaking at the 22nd MTN Business ...

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Banks troop to stock market for recapitalization fund

Mr. Anthony Jordan

As some banks troop to the Stock Market to raise money to help them meet the 400 million capital requirement, there are concerns that the market may not be able to provide sufficient funds for all the banks. HFC Bank is the latest bank to announce its intention to raise 255 million cedis from the stock market after Access Bank ...

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AGI cautions members against cyber fraud

WhatsApp Image 2018-04-11 at 15.20.41

The Association of Ghana Industries (AGI) has cautioned its members against the growing threat of cybercrime. According to AGI, members could lose their businesses if secure measures are not put in place to protect against cybercrime. A report released by Kenyan-based IT firm, Serianu Limited, revealed that Ghana’s economy lost a total of US$50 million to cybercrime in 2016. Ghanaian ...

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