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Kumasi Airport phase II to be completed ahead of time  

Aviation Minister - Cecilia Dapaah

The construction of phase two of the Kumasi Airport is expected to be completed ahead of schedule, this is according to aviation Minister Cecilia Daapah. The completion date will now be 2019 instead of the initial date of 2020. Madame Cecilia Daapah made this known at the sod cutting ceremony for Phase 2 of the project. According to her, the ...

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World Trade Centre Accra appoints new Managing Director

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The Board of Directors of World Trade Centre (WTC) Accra have appointed Ms. Jane Reindorf-Attoh as its new Managing Director effective June 1, 2018. She takes over from Emmanuel Doni-Kwame who managed the company from April, 2013 to May, 2018. WTC Accra is one of the leading trade promotion organisations in Ghana and is part of the global World Trade ...

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Court dismisses injunction case restraining MiDA

Martin Esson Benjamin - CEO, MiDA

An Accra High Court has dismissed an injunction case brought against the Millennium Development Authority (MiDA) by BXC Company Limited. BXC Company Limited which was part of the companies bidding for the privatization of the Electricity Company of Ghana(ECG) was disqualified by MiDA. BXC was praying the court to order MIDA to stop all forms of discussion and negotiations currently ...

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Ghana needs effective regulation to be a petroleum hub—Experts

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Some energy experts at the Ghana International Petroleum Conference (GhIPCON) are urging government to speedily develop a policy framework to back its vision of creating a petroleum hub in the country. This, they believe will ensure effective regulation of the over 50 billion dollar project. Government is seeking to develop a petroleum hub which is expected to include refineries, tank ...

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Non compliant fintechs to lose licenses – BoG

Dr. Ernest Addison - BoG Governor

The Bank of Ghana will revoke the license of any financial technology company that fails to comply with regulatory requirements outlined in the new payment systems and services bill. The fintechs are expected to be compliant at a time where electronic payment systems are increasing significantly. This caution is also contained in the Bank of Ghana’s 2017 Payment systems report. ...

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‘We won’t extend deadline for filing annual corporate returns’–RGD

Registrar General, Mrs. Jemima Oware

The Registrar General’s Department (RGD) has stated that it will not extend the deadline for businesses to file their annual corporate return despite the calls from businesses to do so. The RGD has stressed that enough time has been allowed for businesses to file their returns and thus will not heed to any appeal to extend the deadline. “As at ...

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Veep urges BDCs to consolidate

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Ghana’s vision of becoming a petroleum hub may not be realized if oil service providers in the industry fail to consolidate their efforts, Vice President Dr. Mahamudu Bawumia has said. According to him, Ghana will be better positioned to compete within the sub-region if service providers like bulk oil distribution companies (BDCs) join forces. Speaking at the 2nd edition of ...

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Ishmael Yamson steps down as Board Chairman of Stanchart

Ishmael Yamson

The Board Chairman of Standard Chartered Bank, Mr. Ishmael Yamson has announced his resignation from the position effective June 30, 2018. His resignation comes after serving in that capacity for thirteen years; from 2005 to 2018. Mr. Yamson announced his resignation at the bank’s Annual General Meeting (AGM) on Thursday, June 7, 2018. Speaking to Citi Business News on his ...

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TUC, AGI demand new trade policy for Ghana

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The Trades Union Congress(TUC), Association of Ghana Industries(AGI), Ghana National Chamber of Commerce, and the Association of Employers have agreed to team up to mount pressure on government to change the country’s trade policy. According to the group, the current trade policy favours importation, affecting   local production and ultimately leading to a high unemployment rate in the country. Some statistics ...

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Bayport to raise GH¢300m from stock market

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Savings and Loans Company, Bayport, has told Citi Business News it will be raising 300 million cedis from the Ghana Stock Exchange, through the issue of corporate notes. According to the company, the move is in fulfillment with plans to expand its initial 200 million cedis note programme. The Managing Director of Bayport, Nii Amankra Tetteh disclosed this when the ...

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