BUSINESS

The refund of deposits made by customers with banks and other specialized deposit taking institutions duly licensed by the Bank of Ghana is now guaranteed, albeit up to certain limits. The limits effectively only cover retail sized deposits of up to GHc6,250 for those placed with banks and up to GHc1,250 for those placed with other licensed deposit takers, although ...

Ghana’s largest local beverage manufacturer, Kasapreko, has so far lost about US$2 million in revenue to the closure of the Nigerian-Benin Border, the Head of International Business Development for the company has said. According to Francis Holly Adzah, even though the beverage firm “managed to send in three trucks of products to the Nigerian market moments before the border was ...

The Minority in Parliament has rejected government’s proposal to resort to restrictive tendering in selecting a private partner for the management of the power sector in the country . “Whilst recognising the prerogative of the MCC in the determination of a particular procurement method in the selection of a PSP, in view of the limited time (approximately two years) until ...

Ghana is an economically sound and peaceful country in West Africa, that its environment boost business for success. Ghana is a business fertile grounds that entrepreneurs and investors all over the globe, could take chance and make countless wealth. It is a country with a bright business future as the country hosts the secretariat of the African Continental Free Trade ...

Poverty is something nobody wishes to go through but even some of the world’s billionaires had their low points. Knowing how it feels, most of them have made it a point to help others in the same or rather similar situations to ease their burden and make the world better. Others, well, had a relatively good enough background but still ...

Security analyst Adam Bona has called for a legislation that will ensure that Chief Executives of telecommunication firms are prosecuted for not ensuring due registration of sim cards. According to Mr. Bona, telecom firms have made it too easy to purchase a sim card even without the requisite identity card. “You don’t have to produce an I.D card but you ...

The President, Nana Addo Dankwa Akufo-Addo, has indicated the government’s intention to construct more airports to serve as feeders to the Kotoka International Airport (KIA). According to the President, it is also a way to open up the country to the rest of the continent in the interest of the nation, as far as developing the aviation sector of the ...

President Nana Akufo-Addo has said the policies put in place by his government within the aviation industry has culminated in the ranking of the Kotoka International Airport (KIA) as the best in West Africa and fourth-best on the continent. Addressing the opening ceremony of the 28th ACI Africa Annual General Assembly Conference and Exhibition in Accra on Tuesday, 15 October ...

A former NBA player has allegedly swindled a Ghanaian company to the tune of $825,000 under the guise of trading in Bitcoin new crypto currency auto-trading programme. Isaac Edward Austin of IEA and Tudor Trust, said to have claimed to be a trustee for BTC trade transactions, is purported to have lured the Ghanaian company into signing the said contract ...

Dr. Papa Kwesi Nduom, the Chairman of Groupe Nduom, has expressed shock at the demonstration organised by customers of Gold Coast Fund Management over their funds. The bunisess mogul said it was surprising the demonstrators attacked his personality when the company has taken steps to repay customers to the tune of over GHc200 million. In a post on Facebook, Dr. ...