Author: Nerteley Nettey
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Gov’t is working to invest heavily in aviation sector – Kofi Adda
The Aviation Minister, Joseph Kofi Adda, says government is working to secure investment worth billions of dollars to expand airport infrastructure as part of a bigger plan to make Ghana an aviation hub in the sub-region. Joseph Kofi Adda, made this known to Citi Business News on the sidelines of a media engagement on Monday,…
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First Atlantic Bank seeking to transform into a global bank
The Board of Directors and management of First Atlantic Bank (FAB) have reiterated their commitment to transforming the bank into a global bank. This was announced by the Board Chairman of the bank, Mr Amarquaye Armar at a tape cutting ceremony to climax its one-month-long silver jubilee celebrations at its head office in Accra. Speaking…
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Stanbic Bank Ghana, KfW Investing for Employment facility launch joint project to support SMEs
Stanbic Bank Ghana in partnership with the German Government has launched a project to support the preservation of employment by Small and Medium Enterprises (SME) in Ghana against the effects of the COVID-19 pandemic. Under the project, the German Government via the KfW Investing for Employment (IFE) facility, will provide a total grant funding of…
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Our clients must also benefit from bailout package – BlackShield Capital Limited
The Management of BlackShield Capital Limited is unhappy that its clients will not benefit from the government’s bailout package for customers of the 53 defunct Fund Management Companies (FMCs). Government will in the coming days announce a bailout package in the form of social intervention for customers whose funds were locked up in collapsed fund…
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Kotoka International Airport to reopen from September 1; land, sea borders remain closed
Ghana’s Kotoka International Airport will be re-opened to international flights effective Tuesday, September 1, 2020. This was announced by President Nana Addo Dankwa Akufo-Addo during his 16th address to the nation on measures taken by the government to curb the spread of the COVID-19 pandemic in the country. According to him, every passenger who arrives…
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Receiver struggles to retrieve records of 35 defunct financial institutions to validate GHS252M claims
The Receiver of the 347 defunct Microfinance companies, 23 Savings and Loans and Finance Houses, Eric Nana Nipah, says he is unable to undertake a detailed asset tracing of 35 resolved companies to enable him validate and settle claims of depositors under the Depositor Payment Scheme. According to him, he is still working with the…
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IMANI provides detailed reasons for rejecting Agyapa deal
Policy think-tank, IMANI Africa has presented a detailed justification for its opposition to the controversial Agyapa Royalties deal. In a 17-paged document, IMANI Africa among other things cited the level of what it calls “information-hiding” of the 4-month timeline to the IPO, and the claim that dividends will seamlessly substitute for royalties. The Agyapa Royalties…
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CSOs slam government again over lack of consultation on Agyapa deal
The Alliance of CSOs working on Extractive, Anti-Corruption and Good Governance has accused the government of sidelining its concerns about the Agyapa Royalties agreement. The leader of the Alliance, Dr. Steve Mantaew on Eyewitness News said the government had refused to take into consideration their concerns about the agreement. “I think this government is pretending…
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Government to announce bailout package for clients of defunct Fund Management Companies
The Securities and Exchange Commission (SEC) has disclosed that government is set to announce a bailout package for clients of the 53 defunct Fund Management Companies (FMCs). According to SEC, the package will be given in phases with the first phase covering clients of the twenty-two (22) companies currently under official liquidation. This announcement comes…
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Pharmaceutical products manufacturers call for clear policy to boost local production
The Pharmaceutical Manufacturers Association of Ghana is calling on the government to outline a clear policy strategy on the local production and supply of pharmaceuticals in the country. According to the Association, the policy will help curb the over-reliance on imported drugs which has led to the decline in the provision of the necessary resources…