Author: Nerteley Nettey
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Government launches Ghana ‘CARES’ programme to drive economic growth
As part of efforts to revive Ghana’s economy after suffering devastating setbacks due to the coronavirus pandemic, Government has formally launched the GH¢100 billion Ghana COVID-19 Alleviation and Revitalization of Enterprise Support Initiative, simply known as Ghana CARES “Obaatan pa” programme. Speaking on behalf of President Nana Akufo-Addo, at the launch of the initiative, Senior…
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Government to introduce policies targeting investors in diaspora – Ofori-Atta
As part of efforts to increase foreign direct investment into the country, Minister of Finance Ken Ofori-Atta, says government’s plan to raise funds from the diaspora for the development of the country is on course. He says the plan will facilitate government’s capital expenditure investments and seek to accelerate economic growth. Speaking on the sidelines…
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IES predicts marginal decrease in cost of fuel for first pricing window in November
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks in November 2020. This is according to energy think tank, Institute of Energy Security (IES). IES, in a statement, attributed its prediction to the decrease in prices of International Benchmark- Brent Crude, the…
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COCOBOD denies allegations of corruption, money laundering in Agri-Plus deal
The Ghana Cocoa Board (COCOBOD) has rejected accusations that its contract with Agri-Plus Horizon Farm Limited for the supply of insecticide was riddled in nepotism, corruption and money laundering. Documents reportedly released by the Financial Intelligence Centre (FIC) and purportedly sent to the Special Prosecutor claimed that COCOBOD awarded the contract to the company by…
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Chartered Institute of Bankers to launch Code of Ethics to curtail fraud
As part of efforts to reduce the number of fraud cases perpetuated by employees within the banking industry, the Chartered Institute of Bankers in collaboration with the Bank of Ghana and the Ghana Association of Bankers will soon launch the Ghana Banking Code of Ethics. According to the latest banking industry fraud report from the…
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GhIPSS and its CEO pick GITTA award again
The Ghana Interbank Payment and Settlement Systems (GhIPSS) and its Chief Executive Archie Hesse have for the second year running won awards at the prestigious Ghana Information Technology & Telecom Awards (GITTA) held in Accra. Mr. Hesse was adjudged the Payment Systems Personality of the Year, while GhIPSS won the Payments and Clearing Technology Provider…
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Kleeve & Tove acquires NDK Capital
Investment holding and management advisory firm, Kleeve & Tove has acquired 100% stake in NDK Capital, one of the best-known asset and wealth management firms in the country. The new owners of the company have therefore reconstituted the board of NDK Capital with Eric Nana Otoo, an Investment Banking Consultant as its Chairman. A statement…
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Ghana bans importation of day old chicks, poultry products from UK, other countries
The Ministry of Food and Agriculture has banned the importation of poultry products from Netherlands, Germany, Russia, Denmark and United Kingdom. This follows the outbreak of Highly Pathogenic Avian Influenza subtype H5N8 in those countries. The ban is being implemented with immediate effect. Some products to be affected by the ban include day-old chicks, hatching…
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Settle remaining debts or we’ll withdraw our services – IPPs to government
The Chamber of Independent Power Producers, Distributors and Bulk Consumers has served notice of its intent to withdraw services to the Ghana Grid Company (GRIDCo). According to a statement signed by its CEO, Elikplim Apertorgbor, the failure of government to settle at least 80 percent of its due debt worth over a billion dollars is…
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Aggrieved Menzgold customers reiterate calls for government bailout
The Chairman of the Coalition of Aggrieved Menzgold customers, Isaac Nyarko has reiterated calls for government to help resolve the Menzgold issues and have their monies paid to them. Following an order from the Securities and Exchange Commission (SEC) to suspend aspects of its operations in 2018, Menzgold has since struggled to pay monies belonging…