Category: Business
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Bui Power Authority trains over 350 re-settlers in fish farming
The Bui Power Authority as part of its Environmental and Social Impact Assessment Resettlement Programme has trained over 350 people who were affected by the construction of the Bui Dam in fish farming. The move is to empower the beneficiaries economically to fend for themselves and their dependents. The construction of Bui Dam displaced many…
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CSIR seeks support for farmers to grow highly nutritious local food crops
The Food Research Institute of the Council for Scientific and Industrial Research (CSIR), says it is supporting Ghanaian farmers in the production of some crops to encourage their consumption with the sole aim of boosting people’s immune system. According to the Health Nutritionist with the Institute, Dr. Jolene Mateko Nyako, there has been an increase…
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Receiver traces assets of collapsed Microfinance & S&Ls to settle outstanding claims
The Receiver of the defunct 347 Micro Finance Companies, 23 Savings and Loans and Finance House Companies, Eric Nana Nipah, says he is undertaking a detailed asset tracing of the owners of the collapsed financial institutions. This is to enable him have access to more liquidity in settling outstanding claims following the collapse of the…
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Registrar-General’s Dep’t extends date for filing of annual returns again to 31st Dec.
The Registrar-General’s Department has extended the deadline for filing of Annual Returns by six more months from 31st July to 31st December, 2020. According to the Registrar General’s Department, this has been due to the continuous spread of the COVID-19 pandemic and the inability of companies to hold their Annual General Meetings. A statement issued…
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Ecobank Ghana partners Melcom to provide convenient services through agency banking
Ecobank Ghana has partnered Ghana’s leading retail chain, Melcom, to bring convenient banking services to the many Ghanaians who patronize Melcom shops. This collaboration enables Ecobank provide extended banking services to clients through these outlets, complementing the over 1,500 Ecobank Xpress Points nationwide. This innovation was introduced on June 08, 2020 in 5 out of…
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Negotiations to pay claims to ex-staff of Microfinance and S&Ls firms starts today
The Receiver, Eric Nana Nipah will from Monday, July 13, 2020, begin negotiations with all authorized representatives of former employees of the defunct 347 microfinance firms and 23 savings and loans companies and Finance House firms to pay them their full outstanding salaries and negotiated and exit packages. This follows a decision by the Bank…
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BoG to pre-finance outstanding salaries of ex-staff of Microfinance and S&Ls firms
The Bank of Ghana has agreed to pre-finance the full outstanding salaries and negotiated an exit packages of former employees of the defunct 347 microfinance firms and 23 savings and loans companies and Finance House firms. This was announced in a statement by the Receiver, Eric Nana Nipah, who doubles as a Director of PricewaterhouseCoopers…
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Ghana’s stock market records 17% drop from Jan. to June due to impact of COVID-19
The novel Coronavirus pandemic, which has claimed over half a million lives globally, has devastated economies and businesses, aside from revealing weaknesses in global health systems and supply chains, especially in Africa. While its spread has benefited some businesses, it has left many others in jeopardy, hitting listed companies on the stock market in Ghana.…
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We’ll continue to invest in agribusiness – ADB pledges after giving out outboard motors
The Managing Director of the Agricultural Development Bank, (ADB), Dr. John Kofi Mensah, says the bank will continue to focus on its core mandate of investing in agribusiness and farmers. The bank in its latest move has provided outboard motors worth 20 million cedis to some fisher folk along the coast. This comes not long…
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COVID-19: Revenue losses among AGI members troubling – Seth Twum-Akwaboah
Many companies who are part of over 2,000 members of the Association of Ghana Industries, AGI, have witnessed a dip in their profits due to the impact of the COVID-19 pandemic. The Coronavirus pandemic and its attendant restrictions, has seen companies reducing their staff numbers thereby impacting their output and profitability, while a drop in…