Category: Top Stories
-
Official Liquidator to host investor class meeting for customers of defunct FMCs
The Official Liquidator for the defunct Fund Management Companies (FMCs) will on Thursday, September 23, 2021, have an investor class meeting with customers of some of the financial defunct institutions. A statement issued by the Registrar-General, Jemima Oware, stated that the meeting will be held online on the said date. The statement also announced that…
-
Prof. Peter Quartey re-appointed to ADB Board
Economist and Director at the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has been re-elected to the nine-member Board of Directors of the Agricultural Development Bank (ADB), for a second term. This was announced during the inauguration ceremony for the board in Accra. The board of ADB also has three new…
-
Ensure Ghanaians get maximum benefit from mineral resources – Otumfuo to MIIF
The Asantehene, Otumfuo Osei Tutu II, has implored managers of the Minerals Income Investment Fund (MIIF) to bring their expertise to bear in their work for effective management of Ghana’s mineral resources. They should ensure careful planning and good investments while demonstrating ingenuity and transparency to protect the country’s interest in the discharge of their…
-
Republic Bank introduces two new flexible mortgage repayment plans onto Ghanaian market
Republic Bank (Ghana) PLC has introduced onto the market two new and additional mortgage repayment plans that are targeted at giving home owners more flexible forms of repayment and saving on interest paid at the end of the loan term. This is the first of its kind in Ghana and provides customers the ability to…
-
STC lost over GH¢40M due to COVID-19 restrictions – Nana Akomea
The Managing Director of the State Transport Company (STC), Nana Akomea, says the imposition of COVID-19 restrictions has resulted in the loss of about GH¢48 million so far to the company. According to him, the company’s operations in neighbouring countries like the Ivory Coast, Burkina Faso, Togo and Benin, which proved to be very profitable,…
-
We’re settling our clients via payment schedule – Legacy Fund Management
Legacy Fund Management Limited has assured its customers affected by the clean-up of the sector that they will receive their monies in full. The company urged them not to panic, as it is going through all the processes to ensure that they receive their monies. This follows calls some customers made to government to expedite…
-
COPEC reiterates calls for review of petroleum taxes to reduce fuel prices
The Chamber of Petroleum Consumers (COPEC) has reiterated calls for the government to remove the Price Stabilisation and Recovery Levy to avert the consistent increase in prices of petroleum products. Prices of fuel, particularly petrol, have increased from $694/MT as of 13th September 2021 to above $720/MT as of 16th September 2021 representing a 3.7%…
-
New directors of GOIL promise to improve the company’s profitability
Newly appointed directors of GOIL Company Limited have promised to prioritize the improvement of the company’s share value along with profitability during their tenure. Shareholders of GOIL at an Extraordinary General Meeting voted for and ratified the appointment of four individuals as new directors. The four include Mr. Reginald Daniel Laryea, Mr. John Boadu, Madam…
-
We’ll arrest and prosecute persons engaged in light fishing – Hawa Koomson
Fishermen engaged in light fishing will be arrested and prosecuted, the Minister for Fisheries and Aquaculture, Hawa Koomson has warned. Such an action, she says, has become necessary to bring an end to the act. It is estimated that three million Ghanaians depend on the fishing sector for their livelihood. Fishing is considered not just…
-
GCS Fibers LLC to establish 12 factories in Ghana
Ghana’s manufacturing sector is set to experience a massive boost following plans by US-based fibre manufacturing firm, GCS Fibers LLC (GCS) to establish its plant in the country. GCS produces mineral fibre with ash coal as a raw material. The Plant when established will supply factories in Ghana with various paper and household raw materials.…