Category: Business
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Global Finance names UBA among World’s Safest Banks
An international financial magazine ‘Global Finance’ has named United Bank for Africa (UBA) Ghana among the World’s safest banks in the 2022 rankings. UBA placed 4th position in Africa and the only bank in Ghana to make it into the prestigious list provided by three rating Agencies-Moody’s, Standard & Poor’s and Fitch. A statement issued by…
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GIZ supports 90 businesses with equipment to enhance operations
Ninety businesses in Greater Accra today received some equipment ranging from digital and farming equipment to industrial sewing equipment, to help grow their businesses This comes after successful participation in a business idea competition. It is an initiative of the German Development Cooperation, implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Ghana through its…
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Ex-Goldman banker, Asante Berko arrested over alleged bribery scheme
Former Goldman Sachs Group Inc. banker and former Managing Director of the Tema Oil Refinery, Asante Berko, was arrested on charges that he orchestrated bribes to Ghanaian officials while employed at the investment bank. A six-count August 2020 indictment unsealed last week in federal court in Brooklyn, New York, accuses Berko of conspiring with at…
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MASLOC adjudged sustainable project finance brand of the year
The Micro Finance and Small Loans Centre, MASLOC, was named the sustainable project finance brand of the Year at this year’s edition of the Ghana Credit Excellence Awards. The Chartered Institute of Credit Management Ghana named MASLOC the top-performing institution in delivering sustainable project finance for SMEs for the year under review. The event which…
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Stanbic CEO nutures strong partnerships with clients in Bono Region
Chief Executive of Stanbic Bank, Kwamina Asomaning, has met with some clients of the bank in the Bono Region capital of Sunyani as part of the bank’s commitment of building strong partnerships that spur growth in different sectors of the Ghanaian economy. Mr. Asomaning, who was accompanied by the Head, Brand and Marketing and at…
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Incorporating ESG principles in your operational framework, key to future of banking – BoG to banks
The Bank of Ghana has highlighted the importance of Environmental, Social and Governance, ESG, issues and the need for banks to have processes in place to assess the impact on their businesses. This, the Central Bank notes will help financial institutions to survive the current disruptive challenges facing the banking sector and the economy as…
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Ride hailing app drivers call for fares to correspond with fuel price hikes
The Online Drivers Union is calling for an increase in their fares commensurate with the increment in fuel prices. Speaking to Citi Business News, the President of the Online Drivers Union, Francis Tenge believes their demand is critical to sustaining their livelihoods. “What we want is there should be a corresponding increment in the base…
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Kel Toothpaste adjudged Oral Care Product of the year
Samara Company Limited has picked up an award at the just ended 2022 National Customers’ Choice Awards Ghana. This adds to the numerous recognitions the company has enjoyed over the years following their efficient products on the market. The award which was organized by KN Unique and held on Friday, 28th October, 2022 at the…
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39 new free zones companies to inject $230m into economy
The Ghana Free Zones Authority has revealed that it expects about US$230 million to be injected into the economy from thirty nine newly licensed companies by the Authority. The thirty-nine new free zones companies which were licenced to operate within the last year and a half are also expected to bring in about US$529 million…
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BoG, MAS, DBG partner to develop financial ecosystem for Asia-Africa SME trade
Ghana’s Micro, small and medium enterprises (MSMEs) sector is set to see a major boost as the Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) have signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The Ecosystem aims to enhance financial capabilities and access…