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GhIPSS shifts mobile money interoperability to February 2018

Archie Hesse - CEO of GhIPSS

The Ghana Interbank Payment and Settlement Systems (GhIPSS), has rescheduled the implementation of the mobile money interoperability to next month (February, 2018). This comes after missing the initial November 2017 deadline. The CEO of GhIPSS, Mr. Archie Hesse who disclosed this new date to Citi Business News said the necessary processes for all the service providers, that is, banks and ...

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GREDA calls for central authority to handle sale of lands

Executive Secretary of GREDA - Sammy Amegayibor

The Executive Secretary of the Ghana Real Estate Developers Association (GREDA) Sammy Amegayibor, has called for the establishment of a central authority to control the sale of lands in Ghana. This according to him, the move will lead to a reduction in the cases of land litigation in the country. The Lands Commission in December 2017, introduced a new land documentation ...

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JP Morgan coming to Ghana will boost banking industry

Jamie Dimon

Credit risk consultant and Banker, Emmanuel Akrong expects the arrival of JPMorgan Chase & Co (JPM.N) in Ghana, to improve the standard of banking service in the country. The CEO of JPMorgan Chase & Co Jamie Dimon, revealed in an interview on Wednesday (January 26, 2018) that, the bank plans to expand its African presence into countries including Ghana and ...

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PPP bill will soon be laid in parliament—Osafo Maafo

Yaw Osafo-Maafo

Senior Minister, Yaw Osafo Maafo has disclosed of plans to get the Public Private Partnership Bill passed by parliament soon. The Bill, among others, will compel state agencies to be transparent in awarding contracts to give value for money. Cabinet is currently considering the Bill for subsequent submission to Parliament for passage. “We have received a bill. The bill is ...

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2nd edition of Ghana Beverage Awards launched


Global Media Alliance (GMA), organizers of the Ghana Beverage Awards, has launched the 2017 edition of the awards. The launch saw the introduction of two additional categories into the awards scheme to honor more players in the beverage industry. The new categories are; Socially Responsible Beverage Company of the Year and New Beverage of the Year. Speaking at the launch, ...

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Minerals Commission must block leakages in gold export

Kwaku Addae Antwi-Boasiako

The Association of Gold Exporters of Ghana has called on the Minerals Commission to take steps to prevent recalcitrant gold exporters from exploiting the commission’s systems. According to the treasurer of the association, Dr. Abu Grant, the Minerals Commission needs to be steadfast in its operations, in order to stop the leakage of gold revenue from Ghana. His comments follow ...

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Private schools must be bankable to attract financing

Omni bank

Some financial industry players have advised heads of various schools in the country to put in place proper governance and administrative measures to make it easier in securing funds. The advice follows the difficulty some schools face in trying to secure funding to undertake projects for their schools. Speaking to Citi Business News, at a programme as part of the ...

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MiDA improves capacity of energy sector regulators


The Millennium Development Authority (MiDA) is to work to improve key lapses in the capacity of regulators in Ghana’s energy sector as part of the power compact two agreement with the Millennium Challenge Corporation (MCC ). It follows the completion of a capacity scan of all the regulators in the energy sector. According to the CEO of MiDA, Martin Eson-Benjamin, ...

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Increasing bad loans due to high interest rates


Economist, Dr. Lord Mensah has attributed the high level of non-performing loans(NPL) in the country to the unrealistic interest rates charged by banks on loans. According to him, banks in Ghana will continue to see high levels of defaults on loans, if they persist with high interest rates. The amount of non-performing loans on the books of banks saw an ...

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Jumia Travel honors 7 businesses

Jumia 3

Online travel agency, Jumia Travel, on Thursday (25th January 2018), marked the 2nd edition of the Ghana Travel Awards. The awards were aimed at celebrating hoteliers, airlines and travel websites for their contribution to the success of the travel, hospitality and tourism industries in 2017. It was also to encourage the provision of improved quality services to Ghanaians. Country Manager of ...

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Ghana Business News