Author: Pius Amihere Eduku
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Zenith Bank’s unparalleled banking excellence
Ghana’s banking industry is a fiercely competitive one. Banks continuously try to out-do one another in the delivery of bespoke services built on technology. Zenith Bank, despite being an integral member of the industry, appears to lead the pack by a mile and there are reasons to prove this. The award-winning Bank continues to blaze…
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Receiver directs depositors, etc to file claims by September 12
Persons who have deposits with the collapsed Savings and Loans companies and finance houses have the next four weeks to submit their claims to the Receiver for payment of their claims. A statement issued by the Receiver, Eric Nana Nipah said that the move will, however, be subject to validation for the scheduled period. The…
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Glofert launches Ghana’s largest fertilizer processing company
Ghanaian farmers seeking the right fertilizer to apply on their farms can now heave a sigh of relief with the commissioning of a new fertilizer blending facility, Glofert fertilizer. The company prides itself with the production of fertilizer which will suit the various soil types for the cultivation of crops. The move is also part…
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Improving the welfare of veterans: NLA enforces rules on licensing private operators
The National Lottery Authority, NLA, is cautioning all private lotto operators that it will enforce its laws which compel them to follow due process before they can engage in the business. The gaming authority believes the move should sanitise the sector and ensure that the government generates the needed revenue from the activity of private…
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Legacy debt repayment: Banks to access another tranche by end of August
Banks that are exposed to the legacy debts within the energy sector say they are expecting some disbursements by the end of this month to defray part of the outstanding debt. They are also anticipating a swift clearing of the remaining amount with Parliament’s approval of the increase in the Energy Sector Levy. The NPP…
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Republic Bank optimistic about govt’s new mortgage financing plan
Banks which have been selected to undertake the government’s National Housing and Mortgage Finance initiative say they are expectant of the prospects of the program in bridging Ghana’s housing gap. One of such banks, Republic Bank, believes its competitive rates should help to ease the burden of prospective homeowners. The Finance Minister Ken Ofori-Atta in…
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Spending over 96% of supplementary budget on debts is crucial – Prof. Quartey
Government’s decision to use almost 97% of its supplementary budget to pay debts may be described as better late than never. That is the position of the Director of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey. His comments come on the back of analysis by Citi Business News…
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Removing take or pay clauses may result in judgement debts – Analyst
The government risks being slapped with judgment debts if producers of fuel and power fail to comply with terms of proposals to cancel take or pay clauses in the energy sector. That is the comment from Executive Director of the Kumasi Institute of Technology, Energy and Environment (KITE), Ishmael Edjekumhene. It follows the disclosure by…
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Ghana’s debt levels worrying — World Bank Country Director
The World Bank Country Director Pierre Frank LaPorte has stated that Ghana’s rising debt levels places it at pre-HIPC levels and must be checked to prevent the figure from escalating further. According to him, the government’s increased borrowing to pay outstanding debts and not to be re-invested is risky for an emerging economy like Ghana…
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Consolidated Bank to publish financial statements by August – CEO
The 2018 full year and 2019 half year financial statements of the Consolidated Bank Ghana (CBG) Limited should be published by the first week in August. It will follow the completion of the review of the documents by the regulator. The Managing Director of Consolidated Bank Ghana Limited, Daniel Addo who disclosed this assured all…