Category: News
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BOND excels at Ghana Club 100 Awards
Indigenous financial institution, BOND Savings and Loans Plc has been adjudged and honoured amongst the best 100 companies in corporate Ghana. The company took the 50th position out of 100 best companies at the prestigious Ghana Club 100 Awards organised by the Ghana Investment Promotion Centre (GIPC) in Accra last Friday to acknowledge the hard…
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BoG staff gave liquidity support to banks without security—Ace Ankomah
Private legal practitioner Ace Anan Ankomah has disclosed that an investigative report on the recent collapse of banks implicates some former leaders of the Bank of Ghana who contributed in irregularities. Mr. Ankomah stated that the former leaders approved billions of cedis in liquidity support for banks without security as they themselves benefited from the…
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GHL Bank Wins Best Mortgage Bank of the Year
GHL Bank has entrenched its position as the country’s leading mortgage financing bank at the eleventh edition of the Ghana Property Awards where it ousted other nominees in the highly contested category to emerge ‘Best Mortgage Bank of the Year’. The prestigious event was held on the 24th of November at the State House, Banquet…
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I was only invited by police – Beige Bank boss refutes arrest claims
The Chief Executive Officer (CEO) of the collapsed Beige Bank, Mike Nyinaku, has said he was never arrested by police for selling the defunct bank’s properties contrary to some media reports. Mr. Nyinaku told Citi News he has only been invited by police, most recently over an enquiry into the disposal of some vehicles. [contextly_sidebar…
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Ghana must focus on electricity distribution efficiency—Turkey Electrical Association
The Electrical and Electronics Exporters Association of Turkey have called on government to focus more on improving the efficiency associated with the transmission and distribution of electricity in the country. The Vice Chairman of the Association, Mehmet Kavaklioglu made the call at the ongoing Turkey-Ghana Business to Business Summit. The Turkey-Ghana Business to Business Summit,…
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Develop single cash transfer platform for vendors – Bawumia to telcos
The Vice President, Dr. Mahamadu Bawumia has directed the rolling out of a third phase of the mobile money interoperability. It follows the successful launch of the second phase of the platform on Wednesday, November 28, 2018. According to Dr. Bawumia, the third phase should allow vendors and merchants to transfer money from one network…
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Phase 2 of mobile money interoperability goes live
The Vice President, Dr. Mahamudu Bawumia is advocating a review of the cap on daily mobile money transfers. He explains this should reduce the turnaround time for businesses and individuals. The Vice President made the remark when he launched the second phase of the mobile money interoperability on Wednesday, November 28, 2018. “Given this powerful…
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Domestic cocoa processing hits 300,000 tonnes
Domestic processing of cocoa hit 300,000 tonnes in the 2017/2018 cocoa season, a 19 per cent jump from the 252,000 tonnes processed the previous season. That brings to 34 per cent of the total volume of annual cocoa output averaging 900,000 tonnes that is processed locally. According to the Ghana Cocoa Board (COCOBOD), the rise…
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GRA seizes bottled drinks with no tax stamps at Kempinski, Movenpick Hotels
The Excise Unit of the Ghana Revenue Authority (GRA) has seized cartons of bottled spirits and wines which had no tax stamps affixed on them at Kempinski Gold Coast and Movenpick Hotels in Accra. During an ongoing inspection exercise by the GRA, it emerged that majority of the products at the bar and storeroom of…
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ECOWAS bemoans low quality products exported to EU
The Economic Community of West African State, (ECOWAS) says confidence in products exported from the region to the European market is extremely low. A total of 24 notifications were issued on products exported from the ECOWAS region in two years, between June 2016 and October 2018. According to the organization, it received the notifications from…