Category: Business
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Tamale: Customers of MyBank Financial Services demand locked-up cash
Aggrieved customers of MyBank Financial Services, one of the defunct Microfinance and Savings and Loans Companies in Tamale in the Northern Region, are demanding the payment of their locked up investments. A group of customers in a petition to the Board of Directors of the defunct company, said they are disappointed in the managers of…
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DIONS Entrepreneurship Ecosystem begins registration for free training on E-Commerce entrepreneurship
DIONS Entrepreneurship Ecosystem has commenced enrollment to groom and empower 1,600 young E-Commerce entrepreneurs across the 16 regions of Ghana for its 2020/2021 cohort. Hundred qualified individuals will be selected each month for the next 16 months starting from September 1, 2020 to December 2021. The fellowship will offer practical support including equity funding to…
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COCOBOD to secure electronic weighing scales to stop LBCs from cheating farmers
The Ghana COCOBOD says it is importing electronic weighing scales for Cocoa License Buying companies to prevent the tampering of machines by Licensed Buying Companies to cheat cocoa farmers. The decision was arrived at after COCOBOD in collaboration with the Ghana Standards Authority followed up on a Joy News report on how some Licensed Buying…
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Jobs and the environment will be protected in sale of Bogoso-Prestea Mine – Golden Star
Golden Star Resources Limited says the agreement with Future Global Resources to trade off 90 percent interest in the Bogoso-Prestea Gold Mine will not affect jobs. The Mine employs about 600 directly and 600 others indirectly. The President and Chief Executive Officer of Golden Star, Andrew Wray, who gave the assurance, says the new owner…
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Construction Industry Chamber expresses concern over rising cost of building materials
The Ghana Chamber of Construction Industry has expressed concern about the rising cost of building materials particularly cement and its impact on the cost of housing. The Chamber says considering the country’s huge housing deficit and the rising cost of rent, it is imperative that government takes steps to ensure a reasonable pricing of goods…
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We’re supporting SMEs to grow amidst COVID-19 threat – Bank of Africa MD
The Managing Director of Bank of Africa (BoA), Mr. Kobby Andah, says Small and Medium Scale Enterprises (SMEs) have been at the heart of the bank’s operations. Against this backdrop, he says the bank is making available special packages to support SMEs to grow in the wake of the COVID-19 pandemic. He stated that the…
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GRIDCo’s debt recovery from the ECG worsens: IES Analysis
From data collated by the Institute for Energy Security (IES), the debt of GH¢850.993 million owed to the Ghana Grid Company (GRIDco) by the Electricity Company of Ghana (ECG) in December 2019 has shot up by almost 31 percent to GH¢1.114 billion as of end June 2020. The Institute’s trend analysis of cash receivables of…
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3-week lockdown reduced wages of over 770,000 workers; caused 42,000 layoffs – GSS
The shock caused by the COVID-19 pandemic has had considerable impacts on Ghanaian businesses, forcing many firms to cut costs by reducing staff hours, cutting wages, and in some cases laying off workers, particularly within the 3-week partial lock-down aimed at curtailing the spread of the virus. This is according to results from a new…
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La Palm Royal Beach Hotel staff protest again over unpaid salaries; want CEO sacked
Some staff of the La Palm Royal Beach Hotel in Accra on Monday, July 3, 2020, demonstrated for the second time in about two weeks over unpaid salaries and other matters. The angry employees are also demanding the removal of the CEO, Abena Pokua Boaitey Amoah, over her supposed poor leadership. They are also demanding…
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Petroleum Holding Fund for 2020 Q1 drops by $124m as against 2019 Q1
A new report by the Bank of Ghana shows that the country received a total of 310.14 million dollars into Ghana’s Petroleum Holding Fund (PHF) for the first half of 2020. Compared to same period in 2019, the figure dropped by $124. 34 million dollars as the figure for last year was $434.48 million dollars.…