Category: Business
-
Discussions on new Insurance Bill underway – NIC assures stakeholders
The National Insurance Commission (NIC), has stated that processes towards the passage of the new Insurance Act to replace the current one which has outlived its relevance in modern insurance practice, have not been abandoned. The current Insurance Act, 2006 (Act 724), has been in existence for more than ten years since it replaced the…
-
Government secures amended power purchase agreement with CENIT Energy
Government and CENIT Energy Limited (CEL), a Ghanaian independent power producer, have successfully secured terms for an amended Power Purchase Agreement (PPA). Per the agreement, CEL has decided to convert its power plant into a tolling structure and transfer all resulting cost savings to ECG. A statement issued by the Public Relations Unit of the…
-
Quick Credit CEO wins Banking & Finance category at 2020 40 under 40 Awards
The CEO of Quick Credit and Investment Micro Credit Limited, Romeo Rich-love Seshie, has won the Banking and Finance category at the 40 under 40 awards 2020. Romeo before his appointment as the CEO was the Deputy Managing Director of the company. Under his leadership, he’s led a transition from branches to branchless institution operating…
-
Quick Angels CEO adjudged overall winner at 2020 40 under 40 Awards
The Chief Executive Officer of Quick Angels Ltd, Richard Nii Armah Quaye, emerged the overall winner at this year’s 40 under 40 awards. He also won the Investment Award category. Speaking on his award; the vibrant entrepreneur said” Words will fail me if I want to express how I feel for this honor bestowed on…
-
AngloGold Ashanti, Obuasi Mine engages stakeholders at Town hall Meeting
Under the theme “Diversified, Decisive, Sustainable,” AngloGold Ashanti (Ghana) Limited (AGAG), has organized its town hall meeting for stakeholders to update them on Obuasi Mine’s activities. The 3-day program, which started on August 17, 2020, was attended by the Municipal Chief Executive of Obuasi , Elijah Adansi-Bonah, District Chief Executive of Obuasi East District, Faustina…
-
Farmers welcome new Cocoa Producer Price but call for protection of trees
The Concerned Farmers Association of Ghana has welcomed President Nana Akufo-Addo’s announcement of a 28 percent increase in the farmgate price of cocoa, for the upcoming 2020/2021 crop season. It, however, said more attention needs to be given to other pressing needs of cocoa farmers. The increase in the Cocoa Producer Price, which represents the…
-
GCCP advocates for increment in cocoa producer price
The Ghana Civil-Society Cocoa Platform (GCCP) has demanded from COCOBOD, an increase in the producer price for cocoa to improve the living standards of Ghanaian cocoa farmers. “Our greatest concern in this milestone, however, is to see a direct and obvious change in the farm gate price of cocoa beans, such that farmers’ income and…
-
Lending rates dropping but not fast enough – MSMEs
Despite the Monetary Policy Rate (MPR) remaining at 14.5 percent for the better part of 2020, average lending rates of commercial banks have not dropped low enough for many stakeholders. According to the Summary of Economic and Financial Data released by the Bank of Ghana in May this year, Commercial Banks started the year lending…
-
Two Blackshield customers arrested over ‘unlawful gathering’ at Registrar General’s office
Two members of the Coalition of Aggrieved Fund Management Customers have been arrested for picketing at the Registrar General’s office. This comes barely a day after the aggrieved customers held a press conference to drum home their concerns to the government about the non-payment of their locked-up funds. The group made up of over 150…
-
Cashew processors call for more support to increase local processing
Cashew processors are calling on government to support them to improve local processing of cashew in the country to increase their yield, and also assist them by regulating pricing to ensure fair trade. According to them, despite the high nutritional and economic value of cashew products, local demand is very low. Speaking to Citi Business…