Author: Lawrence Segbefia
-
NIC improving verification of marine insurance at the ports – Commissioner
The National Insurance Commission (NIC), says it is collaborating with other insurance companies in the marine insurance sector to help check and certify insurance policies at the ports. The Commission says this will help check the insurance on imported goods that come into the country. Speaking to journalists, the Commissioner of the National Insurance Commission,…
-
OMCs welcome NPA’s Product Marking Scheme to check fuel diversion and adulteration
The Association of Oil Marketing Companies (AOMC), has welcomed the introduction of a new monitoring system for the petroleum sector known as the Petroleum Product Marking Scheme. The system, which also checks adulteration of fuel will help the National Petroleum Authority to check the quality level of fuel in the country. Speaking to Citi Business…
-
Youth in agribusiness: RMG Ghana’s reality show on farming to whip up interest
As part of efforts to encourage Ghana’s youth, especially graduates to take agriculture seriously, RMG Ghana, one of Ghana’s leading supplier of agro inputs to the Ghanaian economy, is set to launch a reality show on farming. The show, which will be aired on Ghana’s fastest growing television network, Citi TV, will provide an opportunity…
-
CBOD committed to tackling corrupt practices in petroleum industry – Senyo Hosi
The Chief Executive Officer of the Chamber of Bulk Oil Distributors, Senyo Hosi, says his outfit is undertaking a self-assessment exercise to help reduce diversion of fuel in the petroleum industry. According to him, it is important for all stakeholders in the sector to help government expose corrupt acts in the downstream sector that is…
-
Republic Bank hands over ultra-modern school block to Berase
Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited has handed over an ultra-modern primary school block, Berase A.M.E Zion Basic School to the Chiefs, School leadership and People of Berase in the KEEA District of Cape Coast, Central Region. The Ultra-modern School block was built by Republic Bank Ghana as part of its…
-
Defunct S&L-Microfinance firms: Receiver to disburse GH¢5 bn from Feb. 24 – Nana Addo
President Akufo-Addo has announced that the Receiver of the defunct Savings and Loans and Microfinance Companies will start paying locked up funds of customers from Monday, 24th February 2020. The President disclosed that the Receiver is ready to disburse 5 billion cedis in addition to the 13 billion cedis that has already been spent on…
-
Gov’t launches Petroleum Product Marking Scheme to check stealing of subsidized fuel
Government has expressed optimism that the diversion and stealing of subsidized fuel will be greatly reduced with the introduction of a new monitoring system known as the Petroleum Product Marking Scheme. The system uses a special marker to trace quantities of petroleum products at all operational depots in the country prior to distribution to the…
-
Platinum Properties’ Airport City Project doesn’t merit $23.9m tax waiver – Minority
The Minority in Parliament says government’s decision to grant a tax waiver of 23.9 million dollars to Platinum Properties Limited under the GIPC Act 2013(Act 865) is untenable. According the minority, the company which is undertaking the Pullman Accra Airport City Project does not deserve the tax exemption because the funding from the project is…
-
MITGAPP targets innovation in Ghana’s cyber security space
Ghanaian technology company Mitgapp Ltd., is poised to take cyber security solutions to another level after a year of pioneering innovations in cyber security services provisions in the country. As part of its plans, the company will from next year start educating businesses and organizations on the new threats of cyber space and will stand…
-
Prudential Bank appoints John Kpakpo Addo as Managing Director
The Board of Directors of Prudential Bank has appointed Mr. John Kpakpo Addo as the Bank’s new Managing Director, effective January 2nd, 2020. Mr. John K. Addo comes to the job with over 30 years of rich corporate experience in banking and finance, having worked with reputable institutions both in the United Kingdom and Ghana.…