Category: Business
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British Airway’s decision to reverse operations from Gatwick temporary – Analyst
The recent decision by British Airways to halt its move of the operation of its Ghana Service from the London Heathrow Airport to London Gatwick Airport, has been described as temporary. According to Aviation Industry analyst, Sean Mendis, British Airways is likely to reverse its decision to service Ghanaians from the Gatwick Airport in October…
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UMB signs new Controller Loan Products with National Assoc. of Registered Midwives, Ghana
Universal Merchant Bank (UMB), has signed an agreement with the National Association of Registered Midwives, Ghana (NARMG), to offer its members on the controller payroll, a special UMB Controller Loan product of up to GHS150, 000, which will be spread over 48 months at a competitively low interest rate, with a turnaround time of 48…
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Bolt receives €20m investment from IFC to boost access to mobility services in emerging markets
Bolt is partnering with IFC, a member of the World Bank Group, to promote access to on-demand mobility services in emerging economies. IFC’s €20 million investment and advisory services will help Bolt expand mobility solutions that create earning opportunities, stimulate small-scale entrepreneurship, and improve access to transportation in Eastern European and African markets. Bolt launched…
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Interim Trade Partnership Agreement signed between Ghana and UK
After years of negotiations, a new Interim Trade Partnership Agreement between the Republic of Ghana and the United Kingdom of Great Britain and Northern Ireland has been signed. The new Agreement replaces the Interim Ghana – European Union Economic Partnership Agreement which governed trade relations between Ghana and the UK until the Interim EPA Agreement…
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JICA, MoFA, GIDA support rice cultivation through Kpong Irrigation Scheme
The project to improve the productivity and profitability of rice cultivation at the Kpong Irrigation Scheme has recorded some good successes. Through the Project for Enhancing Market-Based Agriculture by Smallholders and Private Sector Linkages in Kpong Irrigation Scheme (MASAPS-KIS) in the Eastern Region, the Japan International Cooperation Agency (JICA) is ensuring that rice cultivation increases…
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NIMED Capital Limited launches IPO for NIMED Lifetime Unit Trust
NIMED Capital Limited, a fund management company licensed by the Securities and Exchange Commission (SEC) and the National Pensions Regulatory Authority, NPRA, with specialty in investment banking and fund management, has announced the launch of its new unit trust – The NIMED Lifetime Unit Trust. The Scheme, which was launched on 3rd March, 2021, will…
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Registrar General awaits court order to continue paying clients of defunct FMCs
The Registrar General, Jemima Oware, has disclosed that she is awaiting more winding down orders from the court assigned to handling the liquidation cases for fund management, before making more payment to customers whose funds have been locked-up in the various defunct fund management companies. Giving updates on the payment process, Mrs. Oware, in an…
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BoG issues directive on dormant and unclaimed accounts
The Bank of Ghana has issued a directive on unclaimed balances & dormant accounts for banks and specialized deposit-taking institutions. The directive seeks to ensure that balances in accounts that have been left unattended to for over a period of time are managed under a special account. The account is referred to as the dormant…
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CBOD launches 2019 petroleum industry report; demands action on illegal fuel trade
The Ghana Chamber of Bulk Oil Distributors (CBOD) has launched in 2019 Petroleum Industry report with a call on government to take steps to quickly end the illegal trade in petroleum products in the downstream sector. Addressing a virtual gathering on Zoom to launch the report, the Chairperson of the Board of the Chamber, Ivy…
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Plans still underway to implement ECO currency in West Africa – Alan Kyerematen
Minister-designate for Trade and Industry, Alan Kyerematen, says the common currency by West African states, ECO, still remains on the drawing board because of the inability of some of the member states to meet the common convergence criteria. “We all agree that a common currency in ECOWAS will enhance trade between our countries. Unfortunately, we’ve…