Author: Bobbie Osei
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Managing Director of CAL Bank to leave post by the end of 2019
The Managing Director of Cal Bank Limited Frank Adu Jnr, is confident his successor after he exits the bank by the end of this year, will be well equipped to succeed. Frank Adu Jnr, who was appointed Managing Director of the bank in the year 2000, has over 28 years of experience in the banking…
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Former CEO of MTN appointed as independent non-executive director by Stanchart Bank
Former CEO of MTN Ghana, Mr. Ebenezer Twum Asante has been appointed by Standard Chartered Bank Ghana, as an Independent Non-Executive Director of the Bank effective 2nd May, 2019. Mr. Ebenezer Twum Asante has over fifteen years progressive and diversified experience in leadership as an accomplished Senior Executive and Strategic Leader. He was appointed Vice…
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EOCO, Special Prosecutor must stop corruption in oil & gas sector — COPEC
The Chamber of Petroleum Consumers (COPEC), has charged anti-corruption bodies such as the Economic and Organized Crime Office (EOCO) and the Special Prosecutor’s Office to apply more pressure in their fight against corruption especially in the oil and gas sector. The call is in line with recommendations made by the committee set up to investigate…
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Alan Kyerematen defends incentives and waivers for 1D,1F projects
Minister of Trade and Industry Alan Kyerematen insists government should actually be doing more than it currently is, when it comes to incentives and tax waivers for companies under the One District, One Factory program. This follows the Minority in Parliament’s complaint that the lack of details on the tax waivers and incentives under the…
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Financial Stability Advisory Council holds first meeting
The Financial Stability Advisory Council (FSC) has met for the first time almost 3 months after it was formally inaugurated by the president on February 12 this year. The meeting comes a month after Ghana successfully exited its 16th International Monetary Fund (IMF) programme. On 28th December 2018, the President of the Republic Nana Addo…
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We’ll manage exchange rate volatilities to reduce impact on debt stock–BOG
The First Deputy Governor of the Bank of Ghana Maxwell Opoku-Afari says the central bank will among other things prioritize the management of exchange rate volatilities in the country to limit its impact on the country’s debt to GDP ratio. According to the latest International Monetary Fund (IMF) fiscal Monitor Report, Ghana’s total debt stock…
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Ghana must address mismatch gap between academia and industry—Expert
The Ghanaian –German Centre for Jobs, Migration and Reintegration of the GIZ has challenged the various stakeholders within the jobs creation space in Ghana, to make more targeted investments to help reduce the rate of unemployment in the country. The call was made at the media lunch of the 2019 Ghana Job Fair held in…
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UNICOF calls for calm as it engages First Atlantic Bank management
The Union of Industry, Commerce & Finance Workers (UNICOF), has begun talks with management of First Atlantic Bank over the layoff of 100 workers. According to the Union, the layoffs will worsen the plight of the affected workers. Speaking about the situation, the Deputy General Secretary of UNICOF, Michael Biney urged the affected workers to…
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Business community calls for changes to stimulate economic growth
As the 5th month of the year begins, some business leaders have challenged government to take decisive steps to ensure sustainable growth across different sectors of the economy. According them, attention should be given to issues of credit, use of technology and environmental protection. Residents and businesses in some parts of Accra, Sunyani, Wa, Kumasi,…
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Gov’t, MiDA break grounds for new bulk power supply point
Government has challenged the contractors on the Pokuase Bulk Supply Point Project not to default on the 2021 deadline for the completion of the project. The project is part of the 498.2 million dollar Ghana Power Compact funded by the United States Government through its agency, the Millennium Challenge Corporation (MCC). The Ghana Power Compact…