Tag: Ghana Business News
-
Advertising Association to help billboard collapse victim
The Advertising Association of Ghana (AAG) has disclosed to Citi Business News it will impress on its member to provide support to the victim of a collapsed billboard. Patrick Reynolds Yeboah has since been paralysed in both legs after a billboard collapsed on him in April 2016. He is currently seeking that the Human Rights…
-
Collaborate with Interpol, others to stop MMM – Consultant
Analysts in the e-crime space have impressed the Bank of Ghana (BoG) to strengthen its collaboration with security institutions such as Interpol to stop the operations of ponzi scheme, MMM. They admit that the complex condition under which the company operates would require effective collaborations to be able to clamp down such operations. According to…
-
Army worm invasion will not reduce cocoa output – COCOBOD
The Ghana COCOBOD has ruled out any significant impact of the army worm infestation on the output for cocoa for the 2016/2017 crop season. COCOBOD explains to Citi Business News it has managed the situation to prevent a widespread infestation. The Public Affairs Manager of COCOBOD, Noah Amenyah however admitted that the pests have affected…
-
Freddie Blay chairs GNPC Board
President Akufo Addo has appointed Mr. Freddie Blay as Board Chairman for the Ghana National Petroleum Corporation (GNPC). He is to head the seven member board which includes the Managing Director of GNPC, Dr. K. K. Sarpong. Other members on the board of the GNPC are Prof. J.S Nabila, Mr. Kwabena Kwakye and Mr. Yaw…
-
Eugene Asante Ofosuhene is new Controller and Accountant General
President Akufo-Addo has appointed Mr. Eugene Asante Ofosuhene as the Acting Controller and Accountant General. He replaces Mr. Seidu Kotomah who was appointed by ex-President Mahama. Mr. Ofosuhene’s appointment forms part of a number of key appointments to the Finance Ministry announced on Thursday, May 11th, 2017. A statement from the Finance Ministry said, “Mr.…
-
Eva Mends named as first female Director of Budget
A Chief Economics Officer, Ms. Eva Mends has been appointed as the Acting Director of Budget at the Ministry of Finance. She becomes the first ever female to be appointed a Director of Budget at the Ministry. This was contained in a statement by the Finance Ministry announcing some key appointments to the Ministry. Also,…
-
Banks demand payment plan for BDC debts
Banks that are exposed to the Bulk Oil Distribution Companies (BDCs’) debts want government to draw out a plan to facilitate payments from the Energy Sector Levies Act [ESLA]. They argue that the plan will facilitate payments and help them make the necessary provisions accordingly. Explaining the impact of the absence of a detailed plan…
-
Arguments for maternity leave expansion intensifies
The discussion for an extension of maternity leave for nursing mothers is fast growing among Ghanaian workers as it appears to be gaining more momentum. Most companies in Ghana grant nursing mothers a three months’ leave while they receive salaries during the period. However, there has been increasing agitations for this to change to six…
-
MTN not to list on GSE with IPO – Kofi Yamoah
MTN Ghana may not be listing on the Ghana Stock Exchange (GSE) anytime soon even though it plans to cede a part of its operations to investors. This is the indication from the managers of the Ghana Stock Exchange. “MTN in its discussion is raising money from the public or doing a public offer but…
-
BoG warns against doing business with MMM
The Bank of Ghana (BoG) has cautioned the public against doing business with ponzi scheme, MMM. The caution comes after calls on the Central bank to halt the operation of the company following concerns over its credibility. It is not clear whether the Bank of Ghana (BoG) has stepped in to halt their operations as…