Author: Ellen Dapaah
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Bank of Ghana warns public against unlicensed money doublers
The Bank of Ghana is asking Ghanaians to desist from engaging in money doubling, card loading and credit card loading systems. The Central Bank says any entities or individuals engaged in such acts are unauthorized and must be avoided. Money doubling involves taking people’s money with the promise of giving back more than was paid…
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Christmas sales: FDA to intensify surveillance to prevent sale of unwholesome products
Prior to the Christmas celebrations in December, Ghanaian markets are expected to be flooded with a lot of imported products. The Food and Drugs Authority (FDA) in anticipation of the arrival of different types of goods before and during the season has pledged to intensify its presence and surveillance activities at the ports and markets…
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Business of Christmas: A look at preparedness and sales in Accra’s Business District
With barely two months to Christmas, it appears the buzz that usually heralds the holiday season is missing this time round. A visit by Citi Business News to the Makola Market in Accra for instance, showed that business activities are yet to pick up. Usually, around this time, traders begin to stock up for the…
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Suspension of Agyapa IPO launch a step in the right direction – CSOs
Some Civil Society Organizations opposed to the controversial Agyapa Royalties deal have welcomed government’s decision to put the launching of the deal’s Initial Public Offering (IPO) on hold. This comes after the Finance Ministry served notice that government will not proceed with the IPO until the Special Prosecutor concludes the ongoing corruption risk assessment on…
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Home seekers lament exploitation by rent agents
The payment of rent, particularly for residential facilities, has over the years, remained a headache for both the average Ghanaian and even those at the top of the social ladder. For most prospective tenants, issues such as the high cost of rent and lack of proper regulation of the space comes as a concern, compounding…
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Ghana Int’l Bank plc appoints Baafuor Ohene Abankwa as Head of Client Coverage for Africa
Ghana International Bank plc has announced the appointment of Baafuor Ohene Abankwa as Head of Client Coverage for its Africa Business. He will be responsible for managing the African Coverage Team and is tasked with leading the growth into new markets in East and Central Africa whilst ensuring the continuous delivery of value to the…
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Axis Pension Trust holds pre-retirement seminar for customers
Axis Pension Trust has held its annual Pre-Retirement Seminar for 2020 on the theme, “Empowering the Axis Retiree to Retire in Style”. The event on September 18, was successfully held via a digital platform allowing stakeholders to join virtually in adherence to COVID-19 prevention protocols. The innovative nature of the Axis Team and its commitment…
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Value of Mobile Money transactions double in a year – BoG Report
The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total value shot up by over 110 percent from August 2019 to August 2020. This is contained in the Central Bank’s Summary of Macroeconomic and Financial Data report. From January to August 2020,…
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Ghana adjudged most impressive bond issuer at Global Capital Bond Awards 2020
Ghana has been awarded as the Most Impressive African Issuer at the Global Capital Bond Awards 2020 after its successful issuance of the US$3 billion Eurobond at record rates in the first quarter of this year. Ghana beat Morocco and First African Corp in the category. Ghana on Tuesday, March 17, 2020, successfully issued US$3…
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Product prices increased by 4.2% between April and May – Report
The prices of products increased in all localities by an average of 4.2% due to the occurrence of the COVID-19 pandemic. This is according to a recent survey dubbed, the Local Economies Tracker, conducted by the Ghana Statistical Service (GSS) on the impact coronavirus had on local economies. The survey, conducted in May and June,…