Category: News
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BoG must ensure banks obey new cyber fraud rules–consultant
Some financial risk consultants have urged the Bank of Ghana to strictly ensure banks comply with robust plans yet to be implemented to reduce the impact of cyber-crime. The Central Bank is embarking on new strategies to reduce cyber-crime to the barest minimum. Among the robust plans is the need for banks to train all…
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RMG to Showcase High- yielding Hybrid Seeds at Pre-harvest Exhibition 2018
RMG Ghana Limited, a major importer of agriculture hybrid seeds in Ghana is set to showcase its high quality seeds at the upcoming Pre-harvest Exhibition and Conference scheduled to take place at the Aliu Mahama Sports Stadium, Tamale from the 3rd to 5th of October, 20118. The high yielding hybrid seeds which are mostly maize…
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KIA’s Terminal 3 to boost customs revenue
Customs revenue from the Kotoka International Airport (KIA) is bound to see a major boost as the Terminal three begins operations. Officials of the GRA are hopeful that the potential increase in fleet should translate into increased revenue for the Authority. The Terminal three will accommodate all international flights to and from Ghana. The facility…
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MTN launches 8th edition of i-Fest
MTN Ghana, the leading telecommunications service provider in Voice and Data and Mobile Money services is celebrating its annual Internet Festival dubbed i-Fest. The month-long festival which is in its eighth year, is to create awareness about the internet and the immense benefits of a brighter connected world. This year’s MTN i-Fest is being celebrated…
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Banks collapse: Financial stability strategy rolls out in 2019
The Ministry of Finance is hopeful of finalizing processes for the implementation of the Financial Inclusion Strategy by the end of 2018 ahead of full take off in 2019. The strategy will address issues of soundness and stability in the financial market. It will also be involved with the deployment of financial infrastructure, strengthen financial…
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Fuel prices to hit 5 cedis per litre
Prices of fuel are expected to increase to about 5 cedis per litre for the second pricing window in September [September 16th to 30th]. This is largely due to the depreciation of the cedi. The Institute of Energy Security (IES) who revealed this also adds that other major factors such as the increase in Brent…
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Over 600,000 litres of BOST’s contaminated fuel ‘evaporates’
The Bulk Oil Storage and Transportation (BOST) is in the news again, this time over the disappearance of about 600,000 litres of its contaminated fuel. A five-member committee set up by the current Managing Director of BOST, George Mensah Oakley to take stock of five million litres of the off-spec product noticed the disappearance. The…
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SEC orders closure of unlicensed investment companies
The Securities and Exchange Commission (SEC) has issued a strong warning asking all unlicensed financial investment schemes to close down their operations or risk facing the law. The Commission is cautioning that the activities of such entities pose a threat to the financial sector which need to be stopped. The SEC says the unlicensed institutions…
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Stop Chinese takeover with skilled labour – Dr. Gyimah
A Ghana-China expert, Dr. Glenn Gyimah believes the Government of Ghana can use the provision of skilled labour to benefit from its relationship with China. He noted the shortage and neglect of skilled labour has not only created room for the Chinese to take local jobs but also slowed the growth of Ghana’s manufacturing sector. “If we…
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China deals fit Ghana’s development agenda—Oppong Nkrumah
Minister for Information Designate, Kojo Oppong Nkrumah has defended government’s decision to partner with China in different economic agreements for exploiting natural resources for national development. According to him, the current global environment makes China one of the best partners to work with for economic gains. President Akufo Addo during a recent visit to China…