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LeapFrog acquires minority stake in Enterprise Group

kelly gadzekpo

Black Star Holding Limited (BSHL), a wholly owned subsidiary of LeapFrog Strategic African Investment (LSAI), has acquired the minority shareholder in three subsidiaries of Enterprise Group. The three subsidiaries are Enterprise Life, Enterprise Insurance and Enterprise Trustees. BSHL takes over the ownership which hitherto belonged to Sanlam Emerging Market Proprietary Limited of South Africa (Sanlam). Per the new arrangement, LeapFrog Investments ...

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Article: Is Monetary Policy a panacea for Ghana’s economic challenges?

bog microfinance

It is worth remembering that when the Central Bank of Ghana (BOG) is making economic decision such as setting policy rate, there would be lots of other events and policy decisions being made in other economic jurisdictions. Not far-off mention, include changes in fiscal policy by foreign governments, changes in world oil prices or the erratic pendulum of exchange rate ...

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Mergers & Acquisitions: potential haven for tax evasion – Analyst

mergers

The Ghana Revenue Authority (GRA) has been impressed upon to re-examine the various mergers and acquisitions that have been completed in the country to reconcile potential revenue losses due to tax evasion. This is the suggestion from Tax Analyst, Mr. Abdallah Ali Nakyea. According to him, such commercial activities have been cited as a major contributor to huge illegal financial ...

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#CitiBizFestival: Participants ready for The Innovation Summit

Citi Business Festival

The Innovation Summit, which is one of the highlight events of the Citi Business Festival will be held today at the Labadi Beach Hotel  at 6:30pm. The Innovation Summit is a conversation on how to create value for the business community through innovation. It will feature a panel of industry practices, discussing how to generate business successes through innovation. The ...

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Strict tax laws to avert revenue loss over illicit financial flow

Abdallah Ali Nakyea - Managing Partner, Ali Nakyea & Associates

Tax Analyst, Abdallah Ali Nakyea is pushing for a critical review of Ghana’s tax regime to reduce the massive economic losses due to illicit financial flows. He argues that though the canker is depriving the country of huge revenue, a stricter implementation of the existing laws should prevent any further losses. The Global Financial Integrity (GFI) report on impact of ...

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adb shareholders limit govt power to solely appoint Board of Directors

adb

Shareholders of adb Bank have voted to limit the powers of the Bank of Ghana and the government in appointing all the directors to the board of the bank. Per the new regulation shareholders with more than 10 percent stake will be allowed to appoint a member unto the board while government appoints three directors. The decision was taken at ...

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  afb Ghana corporate bond receives ratings upgrade

afb

Financial services firm, AFB Ghana, has had the ratings on its corporate bond upgraded for the first time since the bonds were listed on the Ghana Alternative Market (GAX) of the GSE two years ago. Global Credit Ratings (GCR), the agency responsible for the ratings, announced recently that it had upgraded the final, public long term credit rating accorded to ...

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Port Infrastructure Dev’t Fund Committee inaugurated

The Nine Member committee

The Acting Director General of the Ghana Ports and Harbours Authority (GPHA), Paul Asare Ansah has inaugurated a nine member committee to develop modalities for the Port Infrastructure Development Fund in Tema. Inaugurating the committee which has a six month period to finish its work, Mr. Ansah charged the committee to give off its best and conduct wide range consultations ...

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#CitiBizFestival: All set for The Innovation Summit tomorrow

Citi Business Festival

One of the highlight events of the Citi Business Festival—The Innovation Summit comes off tomorrow at the Labadi Beach Hotel  at 6:30pm. The Innovation Summit is a conversation on how to create value for the business community through innovation. It will feature a panel of industry practices, discussing how to generate business successes through innovation. The theme for the 2017 ...

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BOST defends sale of ‘contaminated’ fuel to oil company

BOST-new

The Bulk Oil Storage and Transportation Company (BOST) has defended its decision to sell off contaminated or off-spec product to oil company, Movenpiina. Documents sighted by Citi Business News indicate that BOST has agreed to sell 5 million litres of the product to the company at a cost of 1 cedi per litre. This is viewed by some industry watchers ...

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Ghana Business News