Author: Anita Arthur Kissi-Mireku
-
Okada riders lament ‘no insurance’ directive; call for legislation of their operations
Some commercial motorcycle operators in Ghana are calling for effective legislation of their operations to enable them conduct their businesses without any hindrance. Their calls follow a recent directive from the National Insurance Commission (NIC) for insurance companies to stop issuing insurance policies to motorcycles and tricycles used for commercial purposes. Popularly known as “Okada”,…
-
PIAC urges government to stick to chosen oil-funded projects
The Public Interest and Accountability Committee (PIAC) has urged government not to exceed funding beyond four priority areas as permitted by law. Per the Petroleum Revenue Management Act 2011 (PRMA), government can only fund four out of 12 listed priority areas for a three-year period to ensure effective and adequate funding. PIAC has, however, observed…
-
Dalex Finance donates towards 20 for ’20 Campaign
Dalex Finance has presented a cheque of GHS20,000 towards the 20 for ’20 Campaign. The 20 for ’20 Campaign is a fund-raising initiative instituted by the Office of Institutional Advancement at the University of Ghana to raise funds for the UG@70 Endowment Fund and other projects. Mr. Richard Obeng Dwamena, Head of Finance, Dalex Finance…
-
Inflation for July increases to 11.4%
Data released by the Ghana Statistical Service, GSS, indicate that, the Consumer Price Index (CPI) for July 2020 has increased to 11.4 percent. The increase represents a 0.2 percentage point relative to the 11.2 percent recorded in June 2020. The Consumer Price Index measures the change over time in the general price level of goods…
-
Loyalty Life Insurance Company calls for passage of Group Life Insurance Bill
Managing Director of Loyalty Life Insurance Company, Ernest Frimpong has called for the passage of the Group Life Insurance Law within the short to medium term. According to him, the law will not only safeguard the interest of employees but also increase insurance penetration in the country. The National Insurance Commission has in recent times…
-
Loyalty Insurance introduces digital payment and reward system for customers
Loyalty Insurance Company Limited, a non-life insurance company wholly owned by Frimps Oil Company Limited, has introduced a digital payment and reward system for the benefit of its clients and intermediaries. Frimps Oil is one of the leading Oil Marketing Companies (OMCs) in the country with over seventy (70) service stations and commands a lot…
-
COVID-19 interventions must be targeted; not free for all – Economist
An Economist at the Institute of Statistical, Social, and Economic Research (ISSER), Prof. Peter Quartey, has asked Government to target its COVID-19 interventions towards those who really need it in order to ease pressure on the public purse. According to him, government can achieve this by relying on accurate data to determine low income earners.…
-
NBSSI, MasterCard Foundation to disburse GHS90m to MSMEs
Businesses seeking to access support from the NBSSI MasterCard Foundation Recovery and Resilience Program for Micro, Small and Medium Enterprises, will be able to secure the funds after its launch on Wednesday, 12th August, 2020. MasterCard Foundation, in partnership with the National Board for Small Scale Industries, an agency under Ghana’s Ministry of Trade and…
-
Track COVID-19 expenditure to prevent corruption and misuse – ISSER to Gov’t
The Institute of Statistical, Social and Economic Research, ISSER, has asked government to track its expenditure occasioned by the COVID-19 pandemic. The Institute says funds disbursed to support businesses affected by the pandemic, must be monitored to ensure that they are going to the right targets to prevent corruption and misuse. Analyzing the 2020 Mid-year…
-
Be mindful of MoMo fraudsters – MTN urges consumers
While mobile money transactions have increased financial inclusion and made money transfers less stressful over the past years; it comes with some disadvantages as well. One of the challenges for users of the platform in Ghana these days is the phenomenon of Mobile Money fraud. The fraud is either perpetuated physically through robbery attacks on…