Category: Business
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Accident Investigation & Prevention Bureau Bill passed to boost air transport safety
Parliament has passed the Accident Investigation and Prevention Bureau Bill, 2020. The Bill, which was approved by Cabinet last month, seeks to among other things establish an autonomous Aircraft Accident Investigation and Prevention Bureau. When assented to by the President, it will boost confidence and safety in Ghana’s air transport sector, and put the country…
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AngloGold Ashanti CEO to step down
AngloGold Ashanti Limited’s Chief Executive Officer, Kelvin Dushnisky, was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didn’t initially disclose, according to people familiar with the matter. This is according to Bloomberg The mining company announced on Thursday that Kelvin Dushnisky would step down…
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Standard Chartered Bank Ghana Limited records highest percentage growth in 5-years
Standard Chartered Bank Ghana Limited, has on Wednesday, July 29, 2020, held its 2019 Annual General Meeting on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally. Standard Chartered Bank Ghana Limited was lauded…
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Movement of funds from bank accounts to MoMo Wallets and vice versa on the rise
Many people are taking advantage of Mobile Money Interoperability (MMI), to move money from bank accounts to Mobile Money (MoMo) wallets and vice versa. The overriding feature of the second phase of the MMI, is the financial inclusion triangle, that is the linking of bank accounts to MoMo wallets and e-zwich cards, which allowed funds…
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‘Most capable’ Land Rover Defender with 2.0 & 3.0 engine capacity options launched
Allianz Motors has launched the new Land Rover defender 110. According to Allianz, this is the most capable Land Rover ever made, and is now available in sub-Sahara Africa. Not only is the new version driven by a passion and respect for the original, it also inherits the previous model’s naming convention. Available now in…
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COVID-19: Newmont Ghana signs MoU with KCCR to offer support worth GHS3M
Newmont Ghana has signed a Memorandum of Understanding (MoU) with the Kumasi Centre for Collaborative Research in Tropical Medicine (KCCR) to support the nation’s fight against the COVID-19 pandemic. Under the MoU, Newmont Ghana will procure PCR equipment, ancillary equipment, reagents and other consumables to augment the capacity of KCCR to scale up its testing.…
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Parliament approves government’s GHS11.8bn Supplementary budget
Parliament has approved government’s request for 11.8 billion Ghana cedis in supplementary estimates for the 2020 financial year. The request was tabled before the House last week Thursday by the Finance Minister, Ken Ofori-Atta. Government says the amount is needed to support its expenditure for the rest of the year particularly due to the economic…
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Customers wearing Face Shields to be turned away from banking halls
The Ghana Association of Bankers has cautioned the general public against the use of face shields without masks in the banking halls and other service points. In a statement, the Association said this is in line with protecting its staff and customers from contracting the Coronavirus COVID-19. “As an association, we have in the interest…
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Supreme Court throws out suit challenging GNPC CEO’s stay in office
The Supreme Court on Wednesday dismissed a suit challenging the continuous stay of the Chief Executive Officer of the Ghana National Petroleum Corporation, Dr. K.K Sarpong in office, over claims that he had reached retirement age. The court dismissed the suit after the applicant, a Deputy Youth Organizer of the opposition National Democratic Congress, Edem…
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‘We deserve protection; our lives matter’ – Nigerian Retailers in Ghana cry out
The Nigerian Union of Traders in Ghana, NUTAG, says its members feel threatened by the recent actions of the Ghana Union of Traders Association, GUTA. A scuffle nearly ensued at the Tiptoe Lane in Accra last week, when some members of GUTA demonstrated against the continuous presence of foreigners in Ghana’s retail space particularly without…