Author: Pius Amihere Eduku
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Absa Group names Aaron Mminele as CEO
Absa Group Limited has appointed Aaron Daniel Mminele as Group Chief Executive of Absa Group, effective from January 15, 2020. Mminele will be taking over from René van Wyk, who has been leading the bank on an interim basis since Maria Ramos’ retirement in February 2019. In a statement, the Chairman of the Absa Group…
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ADB gets approval to raise GH¢127 million from GAT
The Agricultural Development Bank (ADB) has announced that it has received approval to issue in excess of 39 million ordinary shares to the Ghana Amalgamated Trust (GAT) to raise GH¢127 million in order to help meet its minimum capital requirement. This is in fulfillment of ADB’s recapitalization of four hundred million cedis required of commercial…
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BoG urges retail outlets to accept new GHC100, GHS200 notes after a shop rejected it
The Bank of Ghana has encouraged the general public particularly retail outlets, to accept the new GHS 100 and GHS 200 currency notes as they remain legal tender. The advice follows a viral video where a customer was allegedly turned away at a Game shop when he issued a 200 cedi note to pay for…
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Ghana Civil Aviation warns of interruptions to flights by harmattan
The Ghana Civil Aviation Authority, GCAA, is cautioning passengers of air transport of possible distortions to their travels due to the harmattan condition. The Aviation Authority however says it is collaborating with airlines to ensure the safety of all passengers during the period. “The Ghana Civil Aviation Authority (GCAA) wishes to notify passengers travelling by…
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EXIM Bank commits to investing in greenhouse technology to reduce tomato, onion imports
The Ghana Exim Bank is seeking to reduce Ghana’s US$100 million and US$60 million imports of tomatoes and onions in the lean season with the introduction of greenhouse technology. According to the CEO of the Bank, Lawrence Agyinsam, the move should also help address the perennial depreciation of the cedi. He was speaking at the…
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Ghana rice consumption: JAK Foundation, others to monitor state institutions’ compliance
The John Agyekum Kufour (JAK) Foundation and its partners, the Rice Millers Association and the Ghana Rice Inter-professional Body, have outlined measures to monitor state institutions’ purchase of Ghana rice. Their commitment comes on the back of President Akufo-Addo’s directive to state institutions to purchase Ghana rice from January 2020. Speaking at a press conference…
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BOST must justify any increase in its margin on petroleum prices – IES
The Institute for Energy Security (IES), says managers of the country’s petroleum sector could have a stronger case to increase the BOST margin on petroleum products only if BOST accounts for its use of the revenue. It follows a withdrawal of the proposed one hundred percent increase in the BOST margin on the prices of…
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MTN awards appsNmobile Solutions as emerging & innovative Fintech
MTN Ghana has awarded Fintech company, appsNmobile Solutions, as an emerging and innovative Fintech partner of MTN Mobile Money. The award which was presented on the 10th anniversary of MTN MoMo recognises the innovative efforts of appsNmobile in promoting financial inclusion and enhancing the penetration of mobile money. The wholly-owned Ghanaian company is a PCI…
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Ignite 2019 launched in Ghana with Amazing African Women in Agribusiness
Sixteen (16) amazing women in agribusiness from nine countries are in Ghana for IGNITE 2019, a 3-week in-residence mentoring and strategic support programme organized by GuzaKuza, a dynamic women-led organization. At a press launch, the Team Leader, Nana Adjoa Sifa, shared how inspired she was with their presence in Ghana, joining a cohort of awesome Igniters. Implemented…
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GRIDCo staff to withdraw emergency services over GHS1.2bn debt
The Senior Staff and the Divisional Union of Ghana Grid Company (GRIDCo), has asked staff of the organization to withdraw all emergency services to push the government to settle debt owed the company by ECG, VALCO, defunct PDS and NEDCO. The Union says ECG and NEDCo owes about GHS607 million and GHS177 million respectively, while…